Banking on CFOs
- Banks across Asia have undergone a significant transition in the past 15 years. Rising from the debacle of Asian Financial Crisis in the late 90s, the banks have emerged stronger and continue to invest in their operations, both organically and through M&As.
- In the wake of the global financial crisis, the Finance function has gained organizational standing and is considered key to helping banks generate value.
- However, we have seen uncertainties arising from the US & European markets ripple through and have a major impact on Asian markets. Also, regulatory reform and increased competition will require banks to focus their efforts, realize efficiencies and optimize the scale and scope of their organizations
- Looking ahead, banks are adapting their operational structures to give CFOs the latitude needed to excel in their roles as strategic partners navigating an increasingly complex global marketplace.
Challenges facing the CFOs
- As CFOs and their Finance organizations respond to meet the changes in the broader landscape, the finance role is evolving from a service function to one that questions and guides the business to develop within the value-creation framework.
- CFOs are making fundamental changes and charting new trajectories for their organizations. The opportunity exists for them not only to become true strategic partners within their institutions but also to make a lasting impact on the banking industry as a whole.
Solutions from StraitsBridge
- StraitsBridge understands the banking CFO’s domain and the complexity of processes, policies and systems not only within the Finance department but also across the bank.
- We bring together knowledge and experience of consultants who have made significant contributions to banking businesses during their career and helped them to manage a way through their challenges.
- We provide bespoke services to meet your business requirements. With a wealth of industry experience and specialist knowledge, our firm’s banking professionals bring a unique proposition to your business.