CFO Vision 2017 Powered by Leading Finance to the Future July 20-21, 2017 | the Pan Pacific Singapore Thecfo Program Southeast Asia CFO Vision 2017
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Southeast Asia CFO Vision 2017 powered by Leading Finance to the Future July 20-21, 2017 | The Pan Pacific Singapore TheCFO Program Southeast Asia CFO Vision 2017 Extraordinary times demand extraordinary leaders. In this era of unprecedented change, the Southeast Asia CFO Vision conference is designed to help CFOs tackle their most important issues - from digital disruptions to leadership and to the evolving role of Finance. You will hear from some of the region’s leading CEOs, CFOs and subject matter experts on how to confront the rapid pace and increasing complexity of business, as well as the skills you need to help conquer them. Themed ‘Leading Finance to the future,’ the focus of the conference is on the evolving economy and business environment of today, and how you, as a Finance leader, and your Finance team have to evolve to stay ahead. The agenda offers a one and a half day program - a chance to look ahead -filled with engaging presentations and discussions on timely topics, dedicated to addressing the issues CFOs and Finance leaders face today. Distinctive workshops during the day are also created to provide platforms for focused discussions and create opportunities for peer-to-peer conversations on challenging issues - and to explore practical approaches to address them. We look forward to seeing you at the conference. 2 Contents Agenda Guest Speakers Deloitte Speakers Southeast Asia CFO Vision 2017 Agenda Day One Thursday, July 20, 2017 8.15 am - 8.50 am Registration and refreshment 8.50 am - 9.00 am Welcome and opening remarks Ng Jiak See, SEA CFO Program Leader, Deloitte Southeast Asia Sandy Cockrell, Global CFO Program Leader, Deloitte Touche Tohmatsu Limited 9.00 am - 9.15 am Keynote: Businesses and technology for the future The world of business is constantly changing. What works today may not work the same tomorrow. Hear from one of the leaders in Singapore on his views and experiences on how businesses in the region can grow in the digital era and the challenges presented by the emergence of financial technologies, as Singapore continues to strive to be a leading financial and accountancy hub; and how CFOs and organisations can develop strategic thinkers to be leaders of the future. Teo Ser Luck, Member of Parliament 9.15 am - 10.00 am Voice of Asia: 2017 and beyond CFOs may think they have faced everything the global economic environment can throw at them: inflation, deflation, currency swings, commodity price cycles, market volatility. But there are always surprises. Consider Brexit, the halt in the Trans-Pacific Partnership (TPP), or the growing powers of China and India - CFOs have to confront both expected and unexpected economic factors every day and decide how to respond in terms of capital raising, capital spending, and expansion plans. The Voice of Asia series assesses how these global and regional economic factors result in challenges and opportunities for the Asia Pacific region today and tomorrow. In this discussion, Deloitte economists will assess the current economic landscape globally and in Asia, and share their perspectives on key themes - from growth to trade, culture to commerce, digital to demography - outlining what wild cards may be in store in the coming year and how businesses in the region may be affected. Ira Kalish, Chief Global Economist, Deloitte Touche Tohmatsu Limited Sitao Xu, Chief Economist, Deloitte China 10.00 am - 10.45 am CFO panel: Leading in extraordinary times There is no single path to being a CFO at a leading company - interplay of key personal traits and values, shaping moments in their journey, building key relationships, and developing the talent team crucial to expand the Finance organisation - specific skills were vital to creating the total package essential to being a top level CFO. With the evolving economy and business environment of today, extraordinary times call for extraordinary leaders. In this discussion, leading CFOs share their experiences and outline how they manage constraints and create value in a world of rapid change and increasing complexity, and how CFOs and Finance have to grow to keep up with the times. Moderator: Annie Koh, Vice President for Office of Business Development, Singapore Management University Panelists: Aniruddha Kusre, Chief Financial Officer, Zimplistic Pte Ltd Jakob Bergholdt, Chief Financial Officer, BW Group Lee Kai Nee, Chief Financial Officer, GovTech Ramesh Rajentheran, Group Chief Financial Officer, Fullerton Health Tan Lee Thong, Group Finance Director, International SOS 4 Southeast Asia CFO Vision 2017 10.45 am - 11.15 am Networking break 11.15 am - 11.50 am Innovation and large-scale transformation in times of constant change The world as we know it is changing - rapid advancements in technology, are profoundly altering our economy and creating new market opportunities for the organisations which can keep up and anticipate their impact. While some firms have benefitted handsomely, these same fundamental shifts have exposed other companies to significant performance pressures. Take the rise of Amazon and the concurrent fall of Borders as proof of the growing imperative for firms to change and adapt. In this session we will explore the concept of identifying and scaling ‘edges’ as a methodology to innovate, transform and thrive in the world to come, including questions such as - How do you hold a long-term view and drive innovation and transformation in times of increasing quarterly reporting pressure? How do you make strategic choices in a world that is shifting at an increasingly faster pace? Duleesha Kulasooriya, Managing Director, Centre for the Edge, Deloitte LLP 11.50 am - 12.30 pm Digital in Finance Finance organisations have lots of experience managing change. But digital represents opportunities we haven’t seen before. Finance teams need to understand that the world will continue to move even faster and we need to prepare ourselves to meet the demands of the business and our stakeholders. Technology like Robotic Process Automation (RPA) and cognitive agents are maturing rapidly and quickly filling the minds of many organisations and CFOs. In this segment we will share some of the key digital disruptions affecting Finance and look at how CFOs can help their organisations to maximise the benefits. Timothy Ho, SEA Finance Transformation Lead, Deloitte Southeast Asia 12.30 pm - 1.30 pm Lunch 5 Southeast Asia CFO Vision 2017 First Session: Workshop 1: Cybercrime in a digital age - Understanding your risks 1.30 pm - 2.15 pm Cybercrime has globalised exponentially into a $450 billion global industry with a projected trajectory of $6 trillion Second Session: by 2021. It is now an evolved industry with sophisticated networks of cybercriminals and organised cybercrime 2.15 pm - 3.00 pm organisations using established business models like the distribution model used for Ransomware-as-a-Service (RaaS) to compromise and empty the coffers of any organisation with a vulnerability. It also shows no signs of stopping, with the World Economic Forum ranking ‘Massive incident of data fraud/theft’ as a top 5 Global Risk in its Global Risk Report 2017. Organisations and individuals are at risk if risk exposures or vulnerabilities are not identified appropriately and addressed in a timely manner. In this session, we will discuss the cyber threat landscape, the hottest tech trends and cyber risk implications, growing cyber legislations and strategic steps CFOs can take to address these cyber risks. Thio Tse Gan, SEA Cyber Risk Services Leader, Deloitte Southeast Asia Workshop 2: The promise of analytics - What CFOs need to know? No longer just an idea, predictive and prescriptive analytics have made inroads into corporations to predict financial performance, assess capital investments, and forecast and control inventories. The promise to leverage data to boost competitive advantage in turn provides insight across the value-chain that ultimately generates outcomes that help reduce costs, increase revenue, improve compliance, and reduce risks that lead to loss of funds. In this session, hear the latest trends in analytics and how that fits into the CFO agenda to shift towards greater visibility for smarter decision making to accelerate growth. Learn from case studies and be part of a discussion that considers the steps needed to extend analytics capabilities into finance functions. Explore innovative approaches with demonstrations and tools that enable CFOs to deliver further value throughout the business. Miguel Fernandes, Director, Forensic Analytics, Deloitte Southeast Asia Tim Phillipps, APAC Financial Crime Network Leader, Deloitte Southeast Asia Workshop 3: Tax function of the future - Leveraging technology to deliver strategic tax objectives Tax functions of multinational organisations need to manage complex stakeholder needs in a rapidly changing legislative environment. This trend seems very likely to continue and some leading organisations are already preparing for a world in which the tax function may look very different. In this session we will consider some of the technology enablers (such as data analytics and robotics) that we see playing an important role, as well as the organisational and resourcing strategies groups are looking to leverage. Richard Mackender, Partner, Tax Management Consulting, Deloitte Southeast Asia James Paul, Director, Tax Management Consulting, Deloitte Southeast Asia Workshop 4: Shared services trends Shared Services Centres (SSC) have continued to play an important role in this region in improving service delivery as well as supporting growth of the business. Shared Services continue to evolve to meet the expectations of their customers and overcome talent and cost challenges. In this segment we will share highlights of Deloitte’s 2017 Global Shared Services Survey, and emerging trends and developments in the shared services landscape. Our guest speaker will also share some of her experience in building up the next generation SSC capabilities. This is an interactive discussion session and we encourage questions and sharing of any experiences.