Tough times can be a proving ground, and the common thread that runs through this year's list is the extraordinary effort made by many of these finance executives, regulators and elected officials to get businesses or the broader economy back on track in the wake of the financial crisis. Whether the recovery is already under way, is sustainable, or will falter in some parts of the world is still uncertain. But without a doubt, the financial crisis revealed just how close the world's economic ties are and that there's no going back on going global. Guts, gumption and a global mind-set are the three main themes of Treasury & Risk's 100 Most Influential People in Finance, even as regulation and risk management loom large ahead.
THE FINANCIAL C-SUITE
ERIC ABOAF, TREASURER, CITIGROUP AND CITIBANK
Since taking over as treasurer in 2009, Aboaf has improved Citi's liquidity by lessening its reliance on wholesale funding, paying down short-term borrowings of almost $40 billion and expanding its liquidity buffer by more than $100 billion.
ALAIN AKSIL, SENIOR MANAGER, CREDIT AND RISK, GLS FRANCE
At GLS France, a parcel delivery service, Aksil and his accounts receivable team used automation to cut the amount of time it takes GLS to collect payments, which bolstered the company's cash flow and reduced losses related to bad debt.
STEVE DREYER, MANAGING DIRECTOR, STANDARD & POOR'S
As head of S&P's effort to incorporate enterprise risk management into its credit assessments, Dreyer is focusing the attention of senior executives and boards on their companies' ERM programs.
TERRY FLEMING, PRESIDENT, RISK AND INSURANCE MANAGEMENT SOCIETY; DIRECTOR,
RISK MANAGEMENT DIVISION, MONTGOMERY COUNTY, MD.
Under Fleming, RIMS is stepping up the battle to prohibit all contingent commissions, promote full transparency of all forms of compensation and establish a federal office of insurance, as well as working to expand membership internationally as the group marks its 60th anniversary.
BARACK OBAMA, PRESIDENT OF THE UNITED STATES OF AMERICA
Fresh from his victory in passing healthcare reform, Obama must now try to pass regulations that limit the excesses of banks without crippling them. Long term, however, the key to success may lie in a very different campaign: winning the 2010 congressional midterm elections.
U.S. SEN. CHRISTOPHER DODD (D-CONN.), CHAIRMAN, SENATE BANKING COMMITTEE
Dodd must shape legislation that regulates derivatives, reduces financial institution leverage and
lets government seize collapsing financial institutions whether or not they're a bank.
ANNE BODEN, HEAD OF GLOBAL TRANSACTION BANKING, EMEA, ROYAL BANK OF SCOTLAND
As head of RBS's cash, liquidity and trade business across 24 countries, Boden knows what doing business in Europe entails. She aims to bring an awareness of treasury into the board room, ensuring that corporate governance is top of the agenda with many European treasurers.
DAVID CONROY, AMERICAS HEAD OF TRADE FINANCE AND CASH MANAGEMENT CORPORATES,
GLOBAL TRANSACTION BANKING, DEUTSCHE BANK
Conroy has driven a resurgence in growth for the bank's trade and cash management franchise in the Americas, marked by product innovation and technology enhancements in financial supply chain management and global payments, along with regional expansion in Brazil.
MOHAMED EL-ERIAN, CEO AND CO-CHIEF INVESTMENT OFFICER, PACIFIC INVESTMENT
From his bully pulpit at bond powerhouse Pimco, El-Erian has been sounding the alarm about the potential global havoc the Greek debt crisis may wreak.