In recent years, the role of chief financial officer (CFO) has never been more challenging as it is fulfilling for those who hold this position. From geopolitical uncertainties to changing market dynamics, from technological innovations that are paving the way for new business models, and from calamitous weather disturbances that are reminding business leaders about the importance of addressing climate change today for a sustainable future tomorrow, the CFO has an important seat in directing the future of the company, the industry and society.
Recognising the differences in regulation and market dynamics, FutureCFO has approached CFOs from around Asia to discover their learnings, experiences and approaches in handling the myriad challenges that they face in 2023 and their expectations and plans for 2024.
In this PodChats for FutureCFO, Hongrui (Max) Mo, chief financial officer for Asia at MET Asia, for his perspective on the changing role of the CFO.
1. In describing the CFO’s role in 2023, where is the focus/priority or priorities this year?
2. Do you see a trend among CFOs to outsource certain finance functions to keep the team lean?
3. For 2024, what do you anticipate will be the expectations of the CFO and the finance team?
4. Among the many priorities of the CFO/finance team in 2024, which in your opinion, will be most challenging?
5. Of the many technologies available to finance, which for you offer the greatest value to the function and the company in 2024?
6. I understand that talent remains an issue even within the finance function. In your view, which functions within finance are most challenging to fill/retain?
7. For those looking to build a career in finance, what is your recommendation?
8. What are your expectations for 2024?