Banks these days look for CFOs who are well versed not only in accounting matters, but risk management, compliance and finance, according to the American Banker, which says the broader skills demanded of CFOs reflects the changes that have occurred since the financial crisis.
One recruiter says banks are asking him for CFOs who can help them grow or lead the organization through a merger. He adds that greater attention paid to valuations in transactions puts more emphasis on the CFO’s role.
The story also notes that banks may switch CFOs after a new CEO arrives, since CEOs want to work with a CFO they can trust.
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