The role of the Chief Financial Officer has evolved dramatically in recent years. While managing costs is still a core part of the position, today’s successful CFOs are taking a lead in evolving the business strategy of their organisations and in creating long-term stakeholder value. With thirty successful years in the banking and financial services sector behind him, Myles O’Grady is clear about how the landscape has changed, and what it takes to be a successful CFO in today’s Financial Services sector.
Since Myles O’Grady joined Bank of Ireland as Group CFO and Executive Director in 2019, COVID-19 has changed the playing field irrevocably. Despite this, he is still clear about the strategy for the bank, and the particular skills he needs to drive it forward. In this episode of the EY CFO Outlook podcast, Myles O’Grady tells host, Vincent Wall, about his vision for Bank of Ireland, the role of CFO, and the global economy. They talk about:
· The four areas in which every modern CFO must thrive in order to succeed.
· Digital Transformation – why the emergence of Fintechs are a force for good, and how legacy banks are relishing the challenges they present.
· The key to a successful relationship between CEO and CFO.
· Why trust between the bank and its customers is critical - and how to build it.
· The next ten years for the Financial Services sector – regulation, consolidation, and strategic investment.
The role of the Chief Financial Officer has evolved dramatically in recent years. While managing costs is still a core part of the position, today’s successful CFOs are taking a lead in evolving the business strategy of their organisations and in creating long-term stakeholder value. With thirty successful years in the banking and financial services sector behind him, Myles O’Grady is clear about how the landscape has changed, and what it takes to be a successful CFO in today’s Financial Services sector.
Since Myles O’Grady joined Bank of Ireland as Group CFO and Executive Director in 2019, COVID-19 has changed the playing field irrevocably. Despite this, he is still clear about the strategy for the bank, and the particular skills he needs to drive it forward. In this episode of the EY CFO Outlook podcast, Myles O’Grady tells host, Vincent Wall, about his vision for Bank of Ireland, the role of CFO, and the global economy. They talk about:
· The four areas in which every modern CFO must thrive in order to succeed.
· Digital Transformation – why the emergence of Fintechs are a force for good, and how legacy banks are relishing the challenges they present.
· The key to a successful relationship between CEO and CFO.
· Why trust between the bank and its customers is critical - and how to build it.
· The next ten years for the Financial Services sector – regulation, consolidation, and strategic investment.