Investing matters. Particularly in the new Global Economy that calls for a Cultural Change in the way we look at the role of CFO.
The article clearly advocates that the CFO role as it was evolved provides stereotypical rigidity and needs to be further extended to integrate a CIO (Chief Investment Officer) component that will support companies to the next level. Such a change will also come if and when companies and educational systems invest into developing their financial professionals in areas where there is not a clear map of technical know-how; but where soft skills will prevail. We see even more flexible schemes on self development, e-learning and crowd knowledge sharing may need to be high in their agenda.
Time has come for a Chief Finance & Investment Officer whose traditional virtues across the ‘old-school’ of finance must be combined with serious investment skills in the realms of project finance, private equity, hedge funds, infrastructure, real estate, alternative financing and other asset classes beyond corporate bonds and outdated IPOs.
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