22nd January 2019
- 0 comments
Private equity chief financial officers (CFOs) reported another year of unprecedented growth of their firms but are still struggling to overcome operational issues that are dramatically eroding their margins, according to the EY 2019 Global Private Equity Survey, How do you see the opportunity in your obstacles?
The sixth annual survey of 103 private equity (PE) CFOs finds that despite great strides in launching new products and investing in technological solutions, expenses continue to grow as fast as assets. The survey also found that while CFOs begin to prioritize the cost-effective and competitive advantage of outsourcing to boost their bottom lines, they are acutely aware of the talent necessary to grow their firms.
“CFOs face different paths for altering their operational infrastructure and achieving sustainable growth,” said Denise Davidson, Associate Partner, Wealth and Asset Management, EY. “Determining the right balance of technology, talent and outsourcing is not a one-size-fits-all approach. While CFOs are divided on which path is the best fit for their aspirational goals, one thing is certain: they must act quickly to achieve a competitive edge.”
...In order to read the full story we need you to be registered with us, please click the links below to login or register.