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By Volker ABEL, Frank EYMANN, Volker SIELAFF and Arnd HEßELER, zeb consulting*
For a long time, and not just in the world of banking, Chief Financial Officers (CFO) were regarded as rather dreary managers exclusively focused on figures and performance indicators. As with many other professions, the role and self-understanding of CFOs in the financial industry has been changing significantly.
While CFOs used to be mainly occupied with traditional activities such as reporting, accounting or regulatory tasks, digitalization is now opening up the opportunity for a targeted evolution of their field. The result of this year’s study with more than 75 CFOs and executives of large European banks shows that future CFOs will shape the future of their banks more...
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