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The role of the 21st Century Chief Financial Officer is drastically different from its traditional book-keeping function. Deloitte tried to map this transition with their article 2011 “The Four Faces of the CFO”, but their failure is that they stop at the theoretical and haven’t gone the extra step to put figures to their ideas. I wanted to see if I could do just that. As such, I got in touch with 449 Chief Financial Officers in Australasia and asked them to look at a more recent article by Deloitte where they delineated that a CFO tends to fit into one of the four categories listed below.

The CFO role requires a strong candidate able to lead the charge. But, the qualifications needed and the route to get there is ever-changing. BlueSteps sat down with Debbie Ellis, one of our BlueSteps Executive Career Services Advisors, to learn more the status of the position and the attributes needed to obtain a CFO position.

BlueSteps chats with AESC executive search consultants about the latest trends for CFOs and finance executives. In this article, we focus on whether or not it's possible for CFOs to make the transition to CEO. Download the full white paper, "Executive Search & Career Forecast: Inside the Chief Financial Officer Role" for more.

cfo_career_white_paper-coverJames Langston and Julie Kanak, Diversified Search/AltoPartners, USA

My previous post discussed the C-suite Relationship Map, which I have based on the CFO Relationship Map I use in my executive coaching with Chief Financial Officers.  I have been working with this relationship map for the past few years.

I am fortunate to speak with hundreds of executives each year, in addition to those that I follow and track. Over the years, I have learned a lot about success, what works and what doesn’t, from these talented leaders.

One area that successful executives have in common is their ability to get the best out of their corporate relationships. No matter the discipline of the C-suite executive, their technical ability is just the base upon which they start having an impact on their organization. The CXO is not an island, but is integrated into an ecosystem that is mutually dependent. The success of any executive relies on others. Those who recognize, nurture and sustain successful corporate relationships are those that accomplish more.

BlueSteps chats with Samuel Dergel, Executive Search Consultant at Stanton Chase International, who recently published Guide to CFO Success.

Samuel Dergel, Stanton Chase InternationalFirst of all, thank you for taking the time to speak with the AESC and BlueSteps about the CFO role and your new book, Guide to CFO Success. Can you tell us about the work you do at Stanton Chase International?
 

Money makes the world go round. As such, the continuing interest in financial services comes as no surprise to avid industry watchers. Based on my experience of nearly 18 years in this industry, here’s the low-down on the latest trends and the accompanying career opportunities in this area:

The financial services industry is currently undergoing tremendous change. Based on AESC statistics, the financial services sector, which used to be ranked as the number one industry for executive search, is now the third largest industry, occupying 17% of the search market, behind the industrial and consumer products sectors.

With the challenges faced by financial services, what opportunities are there for search consultants and senior executives?

The landscape for executive search in the Financial Services sector is markedly changed as we emerge from the global recession. Asset & Wealth Management, Consumer & Commercial Banking, Insurance, Real Estate, Investment Banking, Capital Markets and Alternative Investments each face their own business challenges and opportunities, which in turn will impact executive search and job creation in the sector. Read on to learn about the key changes in the financial services sector and how this affects your executive career.