Page 2 - Newsletter-May 2015

Newsletter The Institute of Chartered Accountants of Pakistan He said that it is important for the Pakistani Chartered Anwar, CFO National Bank Fujairah, Rana Saeed, Cluster Accountants to network with other nationalities and CFO ACWA Holding KSA, Christopher Taylor, CEO Abu that this Conference was only the beginning of events Dhabi Finance, Umar Saleem, group CFO Depa and to follow in the future. He also announced that this will Kamran Hafeez, group managing director Jang Group. be an annual event and the next one is planned for May They discussed the financial performance management 2016. The keynote speaker Ziad Makhzoumi, Group CEO Fakih IVF, highlighted the Strategic Leaders - Are CFOs Ready to Drive Business and shared his experience of transition from CFOs to CEOs. He said that the expectations from the CFO is not only to drive the finance function but to contribute to the overall strategy of an organisation. In today’s organisational challenges CFO’s role is transformational - leadership of change that is creating synergy and building teams. The second keynote speaker was Dirk Backhaus, Group Director Finance (CFO) Al Batha Group. He emphasised on Changing Game for Finance in which he highlighted that finance leadership now has to think forward rather than looking backward and must focus on the non-financial elements for critical decision making. The CFOs must drive firm values by focusing more explicitly on free cash flow generation and reallocation rather than on income. He further stated that transparency is imperative and data is turned into intelligence. The strategic CFO offers insights and practically useful help to all P&L leaders. He is perceived as a reliable and trustworthy partner who is welcome to collegially and constructively challenge all fellow senior executives. Mir Mohammad Ali, CEO UBL Funds discussed the Investment Opportunities in Pakistan along with the comparison of regional investment markets. Gary Dugan, managing director – GW CIO and head of strategy National Bank Abu Dhabi shared his experience on the Economic Overview of GCC Markets. An expert panel comprising of Sanjay Manchanda CEO Nakheel, Hazem Galal, partner PWC and Fasahat Beg, SVP consumer business division Agthia Group participated in the discussion of Expectations and Perceptions for 2020. Another feature of the Conference was the speech from top motivational speaker Carol Talbot on Leading... from the Inside Out for the financial gurus. It was a fire starter session to energise the audience in which they performed certain activities to keep them charged and highly motivated. Neil Hargreaves and Ghazanfar Shah from Deloitte and best practices for organisation excellence. The discussed the Fraud Risk Management and major Conference concluded on an appreciative note with the concerns of organisations for fraud awareness and participants looking forward to the next CFO Conference prevention. Moderator Asher Noor, Al Touq Group, Saudi to enrich their experience. The Conference was organised Arabia spent an hour with his panel members Adnan with assistance of event Partner Lynchpin Dubai. 2 May 2015