The role of the PE CFO is undergoing a fundamental change. In addition to their traditional focus on financial oversight, CFOs are embracing a growing list of new responsibilities, spanning from technology developments to regulatory assessments and more.
All this is happening against a backdrop of tectonic upheaval in global markets. Macroeconomic forces are in turmoil. The regulatory landscape is becoming less predictable. Digitalization is rewriting the rules of engagement. Meanwhile, competition for assets is increasingly fierce.
What does this mean for modern CFOs? How is their work changing? This study set out to answer those questions.
Key findings include:
- Almost all respondents (97%) agree that today’s CFOs are expected to take on broader responsibilities as strategic leaders beyond the traditional scope of fund accounting.
- A fifth of the CFOs surveyed reveal that their firm does not currently have a chief executive officer (CEO) in place and 23% say their firm does not have a chief operating officer (COO) at this time.
- Over a third of respondents (34%) say changes in the regulatory/tax environment is the issue that causes them the greatest anxiety in their role. A fifth of respondents say the same about keeping up with industry competitors.
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