The Odgers Berndtson Global Magazine Issue 02 2015
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OBSERVEThe Odgers Berndtson Global Magazine_ Issue 02 2015 An exclusive interview with Maria Ramos INSIDE: a specialchanging reportthe role onCFO the of At Odgers Berndtson, we help organisations recruit the best people OBSERVEThe Odgers Berndtson Global Magazine_ Issue 02 2015 for their most important jobs. In an increasingly connected and complex world, and in a time of widespread economic uncertainty, we believe our services are more critical than ever. The ability to identify, develop and motivate ambitious and talented individuals and teams remains a vital point of competitive advantage for companies and other organisations, Maria Ramos: regardless of their size, sector or objectives. Barclays Africa Group in safe hands Most importantly, this principle applies on a global basis. With a network of 53 offices in 27 countries worldwide, we know that effective leadership is a vital quality regardless of national borders. odgersberndtson.com Join the conversation at: @odgersberndtson #obobserve Linked Odgers Berndtson The new CFO A special global report Reputation management Are you in control? Contents Too Not Welcome buy to buy ? Observatory 6 News, information and ideas that affect global business today 50 COVER: Maria Ramos 10 10 Barclays Africa Group’s CEO talks exclusively to Observe about the importance of diversity and the small matter of changing Africa’s economic landscape CFO special report 15 Welcome to the latest issue of Observe, our From ‘number cruncher’ international business magazine available in print, to CEO, the Chief Financial online and from app stores. Officer is on the rise As ever we have a diverse range of content Taking the lead 24 that will be of interest to boards around the Chuck Jeannes on running world, some of it serious – such as our in-depth one of the world’s largest senior gold mining companies report on the changing role of the CFO – some of it lighter, such as our look at the changing nature Inspiring interiors 28 of brands in today’s fragmented, digitally Anthony ffrench-Constant looks at the most exciting oriented market. workspaces of the future “We can bring benefits Our cover story is an exclusive interview with You are being watched 34 to our customers in a way one of Africa’s leading business leaders: Maria Are you ready for the Ramos, CEO of Barclays Africa Group. She challenges of reputation only very few banks can, discusses the importance of diversity in the management in the rapidly evolving African market and what digital age? by combining our global Barclays is doing to help businesses both large The altruistic brain 39 network with a local and small. A tilt towards altruism is critical in business, say presence” We also tackle such thorny issues as the rise Professor Donald Pfaff and of the activist shareholder, the challenges of Dr Sandra Sherman MARIA RAMOS PAGE 10 reputation management in the digital age and Beware the activists 40 the best ways to turn your office space into Nick Kochan on dealing something really rather spectacular. with shareholder activists Finally, we have a profile of Chuck Jeannes, Destination Singapore 44 head of one of the world’s largest gold mining Arwen Joyce looks at the companies, and a look at the rapidly growing bustling new hotspot for business community in Singapore. As ever please multinational corporations do tell us what you think by using any of our Bookshelf 48 social media channels, which you can access New books on trade in Africa, John Maynard Kaynes, directly through our app. big data, youth culture and much more Håkan Ekström, Don’t be unbrandable 50 Managing Partner, Odgers Berndtson Sweden Adam Stone’s insights on succeeding in the new @odgersberndtson brand space #obobserve Why I took the job 54 Observe at your Susan Kilby on life at global fingertips healthcare company Shire Download the free Observe app for Around the world 55 your device from the Odgers Berndtson’s global App Store or Google locations Play by searching 34 28 ‘Odgers Berndtson’ 4 OBSERVE 2/15 odgersberndtson.com @odgersberndtson OBSERVE 2/15 5 Observatory Observatory Observe TECHNOLOGY DIGITAL BANKING RISE OF THE ROBOTS VIRTUALLY PERFECT travels the Automated technology may be Private bankers in Switzerland innovation lab. “There are ways globe in on the rise, but have you thought are turning to innovative to use the new technology to do about how these machines could technology in a bid to attract things in finance that are quite search of ultimately displace us? the next generation of young cool and interesting for our Automation and artificial investors. Researchers at UBS are business model.” eye-catching intelligence is now being used currently testing a number of uk.reuters.com for knowledge work and Nigel technologies to help customers business Rayner, analyst at information visualise their complex technology research and advisory investment portfolios. stories firm Gartner, suggests that “many Apparently one includes of the things executives do today virtual reality goggles will be automated”. But don’t that present clients’ APPOINTMENT panic just yet. It means that we portfolios as a city. SETTING THE STANDARD will need to see smart machines “Which pieces of as partners and collaborators in your city are Former co-CEO of J.P. Morgan the future, and while it might missing? Your investment bank Bill Winters has have deep implications for how skyscrapers been appointed CEO of leading organisations operate, the robots are too tall, international bank Standard won’t be ushering us out of the you’ve invested too Chartered. Winters has been door just yet. high here,” says Dave described as being “among a GMBH & CO.KG/ALAMY IMAGES ©VARIO PHOTO: PHOTO: ©TAKESTOCK /ALAMY ©TAKESTOCK PHOTO: hbr.org Bruno, head of UBS’s handful of truly exceptional leaders in the finance LATIN AMERICA community” by investment banker Jacob Rothschild, THE CAR IS THE STAR which is just as well. Standard Mexico is now Latin America’s Mexico produced 3.4 million TECHNOLOGY Chartered profits fell by 30 largest annual automobile automobiles last year, an increase per cent in 2014 and he faces manufacturer after 2014 of 10.2 per cent over 2013. In the PRINTS CHARMING? complex issues including production outpaced that of last year alone the automotive 3D printing technology is withdrawing from Korean retail Brazil for the first time since sector has seen investment from expected to grow enormously banking and exiting perceived 2002. According to the BMW, Kia, Daimler AG and over the next five to 10 years but high-risk activities. International Organization of Renault-Nissan. many leading businesses remain gfmag.com Motor Vehicle Manufacturers oica.net unaware of its potential. A recent McKinsey survey of leading COMPLIANCE manufacturers showed that 40 per cent were unfamiliar with the THE COST OF COMPLIANCE technology ‘beyond press Rapidly evolving regulatory coverage’, while 12 per cent said requirements have redefined the they thought it may be relevant corporate compliance landscape but needed to learn more. While in recent years and companies mass adoption may be some have responded by increasing years away the prudent CEO their compliance budgets and should prepare for a future changing their global business dominated by integrated digital strategy. In a 2014 Deloitte technologies. survey 50 per cent of mckinsey.com ¨ respondents said that their company now had a stand-alone chief compliance officer compared with 37 per cent in 2013, while three quarters said their compliance budgets had increased. corporatecomplianceinsights.com PHOTO: ©GETTY IMAGES PHOTO: PHOTOS: ©BLEND IMAGES/ALAMY; ©BSIP SA/ALAMY ©BLEND IMAGES/ALAMY; PHOTOS: 6 OBSERVE 2/15 odgersberndtson.com @odgersberndtson OBSERVE 2/15 7 Observatory Observatory YOUTUBE TECHNOLOGY ESSENTIAL VIEWING NO MORE COMPUTERS? Analysis by Bank of America Greater mobility and hand-held Merrill Lynch has found that smart devices mean that the YouTube is worth more than 85 days of the desktop office per cent of companies in the S&P computer could soon be behind 500. The video sharing website, us. Due to developments in owned by Google, is estimated to consumer electronics people be worth close to $80 billion. often own better devices than Putting that into perspective, those they have at work, and Time Warner and Twenty-First cloud applications now make it Century Fox each have a market possible for your work and data capitalisation of just under $70 to follow you. Manufacturers are billion with BlackRock, Ford and taking note; Microsoft touts its General Motors also falling below new Windows 10 as the ‘Bring the $70 billion level. Your Own Device Windows’. ENTREPRENEURS bloomberg.com ©HERMIN UTOMO/ALAMY PHOTO: bbc.co.uk GROWING ENTERPRISE SHADOW BANKING The number of women opening their own businesses in the US is BANKS THAT AREN’T BANKS rapidly on the rise according to a Shadow banking, the extension study from American Express of finance and non-bank credit OPEN. It revealed that female to individuals through non- entrepreneurs launched 887 new traditional channels, is on the businesses every day on average rise. Using big data and new in 2014, and they now own 30 per POWER LIST technology it incorporates TECH MERGERS cent of all enterprises in the US. peer-to-peer lending sites, Since 1997 the number of PREMIER POSITION lending between individuals, THE CHIPS ARE DOWN female-owned businesses has German Chancellor Angela asset-backed bonds and other The long-anticipated wave of of the dotcom bubble. Intel has increased by nearly 75 per cent Merkel has topped Forbes’ Power credit products but is not subject tech-industry mergers has also revealed its plan to acquire with researchers estimating that Women List for the fifth to regulatory oversight. The US’s started. However, against Altera for $15 billion or more.