A value management framework designed specifically for banking
and insurance
The Value Management Handbook is a comprehensive,
practical reference written specifically for bank and insurance
valuation and value management. Spelling out how the finance and
risk functions add value in their respective spheres, this book
presents a framework for measuring – and more importantly,
influencing – the value of the firm from the position of the
CFO and CRO. Case studies illustrating value-enhancing initiatives
are designed to help Heads of Strategy offer CEOs concrete ideas
toward creating more value, and discussion of 'hard’ and 'soft’
skills put CFOs and CROs in a position to better influence strategy
and operations. The challenge of financial services valuation is
addressed in terms of the roles of risk and capital, and
business-specific 'value trees’ demonstrate the source of
successful value enhancement initiatives.
While most value management resources fail to adequately address
the unique role of risk and capital in banks, insurance, and asset
management, this book fills the gap by providing concrete,
business-specific information that connects management actions and
value creation, helping readers to:
* Measure value accurately for more productive value-based
management initiatives and evaluation of growth opportunities
* Apply a quantitative, risk-adjusted value management framework
reconciled with the way financial services shares are valued by the
market
* Develop a value set specific to the industry to inspire
initiatives that increase the firm’s value
* Study the quantitative and qualitative management frameworks
that move CFOs and CROs from measurement to management
The roles of CFO and CRO in financial firms have changed
dramatically over the past decade, requiring business savvy and the
ability to challenge the CEO. The Value Management Handbook
provides the expert guidance that leads CFOs and CROs toward better
information, better insight, and better decisions.
O autorze
THOMAS C. WILSON is the chief risk officer for Allianz Group, where he is responsible for global risk controlling and risk management policies and guidelines. He has spent nearly 30 years working in finance and risk for such companies as UBS, Mc Kinsey & Company, Swiss Reinsurance, Oliver Wyman & Company, and ING.
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