Allan Russell, SAS Institute, on how to manage risk and make use of big data
“Executives today understand the risk their businesses are exposed to somewhat better than they did 20 years ago,” says Allan Russell of SAS Institute, “but they still need to understand it a lot better.” All too often, CFOs and CEOs are unaware of risks that are hidden in unfamiliar parts of an organisation or that are simply inherent in certain processes. At the same time, managers fail to make use of the huge amount of data their companies gather every day. Executives need to learn how to use business intelligence solutions to better understand the risks in their business, and to exploit the full potential of large data sets, commonly referred to as big data. Allan Russell has been working on these issues for more than 30 years and gives some first-hand insights into the latest developments on risk management and the proper use of big data.
Alexey Kornya, CFO of Mobile TeleSystems: Global risk perception is skewed
"Russia's dependence on natural resources is not much different than Western economies' dependence on their ability to print money," says the CFO of one of Russia's largest telecoms operators during the CFO Summit Emerging Europe & CIS. More generally, he says, international investors and rating agencies grossly overestimate the risks in emerging markets. The CFO admits that soft factors such as political risks should not be neglected, but argues that economic fundamentals of companies and governments alike would justify much better risk assessments. And with low leverage in households and governments, he still sees a lot of growth potential in emerging markets.
Ronald van Hees, CFO of Dutch health care provider CZ, on risk and return.
Ronald van Hees, CFO of Dutch health insurance provider CZ, has around €2 billion in liquid assets to invest – an increasingly difficult challenge. With risk being his overriding concern, he is even willing to accept negative yields, he tells CFO Insight TV.
Headhunter Ron Weihe: „Ex-Banker zeigen starke Leistungen als CFOs“
„Der Drang von Bankern auf CFO-Posten hat zugenommen“, beobachtet der Personalberater Ron Weihe von Russell Reynolds. Beleg: Die beiden bekannten Banker Helene von Roeder und Alexander Doll haben die prestigeträchtigen CFO-Posten bei Vonovia und der Deutschen Bahn ergattert. „Und die Performance der früheren Banker in ihren neuen CFO-Jobs ist stark“, lobt Weihe im Interview mit FINANCE-TV. Warum das so ist und bei welchen CFO-Jobs Banker sich konkret aktuell gute Chancen ausrechnen können – die Antworten nur hier bei FINANCE-TV.
Haluk Dortluoglu, CFO at BIM, on growth in Turkey and abroad
Fuelled by Turkey's unprecedented economic growth, Turkish hard discounter BIM has seen spectacular growth rates over the past several years. Looking ahead, CFO Haluk Dortluoglu talks about the potential of international expansion and political risks in Egypt in the wake of the Arab spring.
17.04.2012 - Risikomanager Dr. Dirk Rogowski, Pall Mall: "Value at Risk basiert auf falschen Annahmen"
Fast alle Banken steuern ihr Risikomanagement auf Basis des Value-at-risk-Modells. Risikomanagementexperte Dr. Dirk Rogowski von Pall Mall Investment warnt, dass der Value at risk aber oft auf falschen Annahmen beruht: "Die Risikosteuerung auf Basis des VaR schießt damit am Ziel vorbei." Im FINANCE-Talk verrät Rogowski, dass manche Großbanken bereits nach Wegen jenseits des Value at risk suchen und erklärt, wie man die Risiken eines großen Portfolios seiner Erfahrung nach besser modellieren könnte.
Rolf-Dieter Schwalb, CFO of DSM: “At the moment, commercial paper is a great financing instrument.”
DSM, a Dutch life sciences and material sciences company that posted annual revenues of €9 billion in 2012, has been pursuing a very active mergers and acquisitions strategy in recent years. Since 2010, DSM has spent over €2.8 billion on acquisitions to radically transform the company: shifting away from the cyclical chemicals business, towards a more stable nutrition business. “After some major divestments prior to 2010, we actually had negative net debt on our balance sheet, so financing the acquisitions really wasn’t a problem,” says Rolf-Dieter Schwalb on CFO Insight TV.