The world is preoccupied with sustaining the economic recovery, preventing countries from defaulting in Europe and proceeding with post-financial-crisis regulation in the United States. Those themes are evident in Treasury & Risk’s 100 Most Influential People in Finance roster for 2011, which includes government officials wrestling over how to regulate derivatives, policymakers worldwide dealing with slow growth and inflationary pressures, and CEOs driving the revival of M&A activity. On the list are many finance executives who came up with creative responses to the challenges of the last few years, including the volcanic ash cloud in Iceland, triple disasters in Japan and political unrest in the Middle East. The executives, officials, regulators and bankers named the 100 Most Influential People in Finance have led business and the global economy to a better place, but much work still needs to be done.
Check out online exclusive interviews with 10 who made the list.
ERIC BALL, TREASURER AND VP, ORACLE
Oracle has made a steady stream of acquisitions in recent years, including buying Sun Microsystems for $7.4 billion in 2010, and Ball coordinates the integration of capital structure, bank accounts, venture investments and risk management. He raised more than $20 billion in debt offerings since 2006.
ROGER BISCAY, TREASURER AND VP, CISCO SYSTEMS
Biscay maximized his team’s effectiveness by leveraging treasury’s use of technology. And in the wake of the credit crunch, he implemented a comprehensive approach to credit risk management that includes not only receivables but also loans, leases and investments.
CAROL FOX, DIRECTOR OF STRATEGIC AND ENTERPRISE RISK PRACTICE, RISK AND INSURANCE MANAGEMENT SOCIETY
Fox is the leading force behind RIMS’ new strategic risk management effort, focusing on practices that can create as well as protect enterprise value. She spearheads RIMS’ emphasis on applied risk practices and is organizing a fall ERM conference.
KIKO HARVEY, VP OF CORPORATE AUDIT AND ENTERPRISE RISK MANAGEMENT, DELTA AIR LINES
Harvey’s finance and accounting expertise are at the service not only of Delta but also the Public Company Accounting Oversight Board, where she is a member of the Standing Advisory Group.
ROBERT CALDERONI, CHAIRMAN AND CEO, ARIBA
Calderoni’s Ariba prospered by moving its spend management solution to the cloud, growing the number of businesses on its B-to-B network, and claiming 98 of the Fortune 100 as customers.
LÁZARO CAMPOS, CEO, SWIFT
Campos stepped up SWIFT’s corporate game when he took over in 2007—just before visibility to cash and gaining fast access to multiple banking partners became a necessity. Making it easier and more affordable for corporates to connect to SWIFT and new tools, like eBAM and 3SKey, followed.
BARACK OBAMA, PRESIDENT OF THE UNITED STATES OF AMERICA
The president got a boost from the dispatch of Osama bin Laden, but back in Washington, GOP legislators are pushing for a confrontation on fiscal policy, and the 2012 election looms.
VIRAL ACHARYA, PROFESSOR OF FINANCE, NEW YORK UNIVERSITY’S STERN SCHOOL
As central banks focus more on the financial sector’s stability, Acharya and a group of colleagues devised an approach that models the extent of the capital shortage big banks might face in a future financial crisis.