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Global Finance spoke with Yousef Khalawi, secretary general of the AlBaraka Forum for Islamic Economy, about the role of Islamic finance and economics as a holistic and sustainable framework for all economies. Yousef Khalawi: Despite its centuries-old heritage, Islamic finance is still a comparatively young industry.
As with anything in the world, the finance leadership landscape has been evolving especially following the COVID-19 pandemic which brought about drastic changes into the market. Navigating career transitions As one navigates through the changing landscape of finance leadership, it is important they understand the field they are moving in.
In the ever-evolving financial services industry, maintaining transparent communication between boards and stakeholders is more crucial than ever. Explore Proven Communication Strategies that enhance financial transparency, offering actionable insights for leaders aiming to foster trust with investors and boards.
Finance chiefs need to prepare in order to avoid missteps and ensure their approach to staff cuts is as empathetic and transparent as possible. Layoffs are painful.
Finance chiefs need to be sure they are opening communication channels between other executive leaders to tell ‘the right digital transformation story.’
In todays fast-paced business environment, CFOs and finance teams must go beyond crunching numbersthey need to communicate effectively, offer strategic insights, and deliver impactful presentations. ChatGPT-4 is a game-changing tool that enhances the efficiency and creativity of finance professionals.
Finance leadership is undoubtedly not a cakewalk, as it involves various roles for the organisation to grow and drive value. Chief finance officers now work as strategic advisors to the C-suite team, with specific strategies at hand to bring in innovation for the company as a whole.
In todays Female Leadership in Finance interview, Ong shares with us her advice for aspiring female finance professionals, the challenges facing her as a finance leader, and how hiking inspires her life and career. FutureCFO: When did you start to become interested in finance? Ong Hui Giap: I guess finance is in my blood.
When 2024 ended, its trends and themes for the Finance function certainly did not ceaseas digital transformation , ESG, and cyber security costs continue to dominate the stage for chief financial officers to watch. As the Finance function traverses 2025, the challenges of yesteryear weigh on CFOs' shoulders.
The Finance department has undergone significant scope changes as the chief financial officers take on new roles for their evolving position. 2024’s snapshot In the year that is about to end, being a finance leader in the consumer healthcare industry in Southeast Asia undeniably saw several challenges in the last couple of years.
The finance function is undergoing a seismic shift. Technological advancements, evolving market demands, and a heightened focus on sustainability are converging to reshape the finance landscape. A recent report by McKinsey estimates that automation could potentially displace up to 30% of work activities in finance and accounting.
As a Director of Finance, which skills should you look to bolster if you want to keep progressing in your career? Which characteristics do the best CFOs share? What should you look for when hiring a CFO or bringing fractional financial leadership on board?
Being good at finance and getting numbers right is not enough anymore Of course, strong analytical skills and knowledge of finance are essential for an FP&A professional but gone are those days when these skills or proficiency in Excel were enough to excel in this role, pardon the pun. Its about trust and respect. Thats not true.
For quite some time now, finance leaders oversee even non-financial strategic matters: environmental, social, and governance (ESG), the increasing regulatory requirements, and systems and software, including artificial intelligence , as well as talent management.
How to Prepare Your Finance Team for Growth One of your most important roles is to nurture and develop your finance team. Preparing your finance team for growth is not just about giving them new tasks; its about equipping them with the skills, mindset, and tools to thrive in a changing world. But the rewards are well worth it.
There is often tension as a board focuses either on fundraising or finance. In the latest episode of A Modern Nonprofit Podcast, host Tosha Anderson sat down with Paul Morris, Executive Fundraising Coach at Auxilia , to discuss the critical partnership between finance and development in nonprofits. Check out his first episode here.
Members’ Profile: Anne-Marie de Bruin In this edition of CFO Club Africa’s Members Spotlight, we are introducing Anne-Marie de Bruin, a highly experienced finance professional and the freelance Financial Manager at AM Cross Country Consulting. My career began as an admin clerk and bookkeeper, roles that left me feeling unfulfilled.
With steady CFO leadership now paramount, finance leaders should prioritize cash and keep open their lines of communication with shareholders and employees.
Nearly half of execs expect cyber attacks on financial data to increase in 2023, but the majority of finance leaders don't have consistent communication with their CIO to mitigate this risk.
Alexandre has held various executive positions at LVMH, including a four-year stint as CEO of German luggage maker Rimowa and as vice president of product, communications, and industrial affairs at Tiffany & Co., The post Arnault Son Is Tapped To Lift LVMH’s Spirits Unit appeared first on Global Finance Magazine. billion in 2021.
By encouraging finance to connect with other departments, CFOs can bridge gaps, foster understanding, and make it easier for teams to work together toward shared objectives. Within finance teams, it’s about ensuring accountability and transparency. Communicate Transparently : Honesty goes a long way in building trust.
Ashim Gupta, who has evolved from a pre-IPO CFO to now serving as both CFO and COO, is busy redefining the role of finance in driving growth and innovation. Transparent communication with the investment community has been key to this evolution.
Baruch Lev is Philip Bardes professor emeritus of Accounting and Finance, Kaufman Management Center, Leonard N. They discuss their findings, and the lessons they drew for would be acquirers, with Global Finance. Global Finance: Why did you write this book now? Stern School of Business at New York University.
Inside The Mentoring Round , PairSoft CFO Matt Collis shares his leadership philosophy on transparency, communication, and cultural alignment. Collis relies on finance as a cross-functional connector , ensuring teams understand why financial decisions are made.
As finance leaders take on the reign and oversee even non-financial strategic matters such as environmental, social, and governance (ESG), it is then important to take the magnifying lens and look into its significance in the department. The post The significance of ESG in Finance appeared first on FutureCFO.
Rouse has an extensive career in finance and has been CFO of Dallas-based Thryv for over 10 years. Global Finance: How has the CFO role changed? Rouse: We use it not just for finance but also for business operations, which I think is even more crucial. Rouse: Communication. GF: What do you use AI for at Thryv?
Its green projects include the Green Cities program and the Green Finance Academy, aimed at encouraging banks to scale up their green financing. billion) in sustainable finance in the first nine months of 2024, based on bank-only management information system data, a sum that includes small and midsize enterprise (SME) loans (e.g.,
Africa today is the worlds youngest continent, with a growing population and several fast-growing economies, but significant challenges, including the need for regulatory reform in banking and finance. Global Finance: Last year, we discussed the departure of a number of high-profile foreign banks from Africa. We need foreign savings.
Finance business partnering is not a new concept and has been around for a while. “ The success …depends on the extent to which finance men are capable of looking outside finance and playing an active, rather than a passive, role in the business. ” Well, not just for a while, for more than 60 years. “
One industry that tends to be recession-resistant is finance. And while the finance industry has seen its share of ups and downs over the years, it generally bounces back fairly quickly after a downturn. If you’re considering a career in finance, you’re probably wondering what the best-paying jobs are. Chief Financial Officer.
At the forefront of this situation, the archipelago's chief financial officers and finance leaders are expected to be sustainability champions, integrating ESG factors into their financial planning and reporting processes. He adds that connection with investors is necessary as they are now increasingly focused on sustainability.
Global Finance : How is the increased demand for offshore investments in Latin America impacting high-net-worth clients long-term strategies? But maintaining clear and ongoing communication about the performance metrics and expectations of these alternatives is crucial for sustaining client trust and confidence over time.
Diverse Teams, Unified Goals: Managing Multifaceted Finance Staff In today’s dynamic business environment, finance teams have evolved into diverse groups with different skills, experiences, and perspectives. Different work styles, communication preferences, and problem-solving approaches may create friction.
FP&A is the sexiest job in finance… While this may seem like an overstatement, FP&A positions are becoming incredibly popular and sought-after. Many finance professionals are starting to feel that they are too focused on historical data, reporting, compliance, etc. Well, there are many reasons for that.
While the firm acknowledges that the need for finance talent will remain high, it expects demand for operational profiles to grow less, due to automation and outsourcing of certain activities. Finance leaders need to adopt new technological advancements to streamline financial planning and analysis, reporting and finance operation process.”
Members’ Profile: Rofhiwa Irene Singo In this edition of our CFO Spotlight series, we are featuring Rofhiwa Irene Singo, an accomplished finance leader whose journey is a testament to resilience, adaptability, and impactful leadership. What sparked your interest in finance?
ACCA's Global Talent Trends Survey 2024 revealed that 78% of the respondents say diversity and inclusion are important amid the continuing talent crunch in the finance sector. My experience has been that the finance and accounting function has become quite equitable. Kell says there are two key areas to address in this matter.
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While accuracy, control, and compliance remain core responsibilities, the modern CFO is also a strategic communicator someone who can turn financial complexity into actionable insight. The ability to simplify complex ideas and communicate them clearly across diverse teams is no longer a soft skill; its a critical leadership function.
The Finance function has dealt with enormous changes over the past years, and what seemed like an area of expertise that is out of the chief financial officers' hand has now made its way into their office. Amongst trade transaction stakeholders, MacLennan says digitisation "dramatically improves communication and collaboration."
Finance teams found their way in 2024 to keep up with the ever-changing market landscape brought about by a number of factors. It also went through hurdles in talent management, as finance leaders grapple with the evolving roles--mastering the art of reskilling, upskilling, and talent retention.
Global Finance ’s 2024 ranking of the world’s 50 largest banks highlights institutions that have built powerful franchises in their respective markets, with extensive rosters of corporate, commercial, and retail clients. Strengthened balance sheets secure China’s retention of the top spots in this year’s rankings.
Amid the pool of priorities that finance leaders have to juggle in 2025, innovation initiatives came on top. These reflect the openness among finance leaders to drive value and growth for their organisation through concocting initiatives steered towards new pathways.
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