Chief Financial Officer for a universal bank

Our client, Europe's largest universal banks, had been going through the integration process after merging with a smaller bank. After careful due diligence was conducted, some troubles in different countries arose. In Russia, the Central Bank had suspended the banking license of the bank's country division. In addition, the relation with its audit firm had been questionable. As a result of this process, the CFO of the country division resigned, leaving a weak financial team with no successor and unfinished processes building.

The bank decided that it urgently needed to recruit a new CFO who could efficiently handle the Central Bank, auditor, and internal (treasury, budgeting and risks optimization) issues. The client had also some specific requirements on corporate culture fit and integrity. The number of high caliber prospects with strong financial background, external affairs experience and the right set of skills were very limited.

We designed a focused search and approached target candidates within a short time. As a result, a seasoned financier with a strong previous Central Bank and external auditor relations experience was hired.

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