Denver mayor-elect Michael Hancock has officially announced that former state treasurer Cary Kennedy will become his administration’s chief financial officer (CFO). Kennedy has said that her number one priority will be to assist Hancock in delivering a balanced budget to Denver City Council within the 60-day time frame the mayor is given after inauguration day.
Hancock has also announced that current CFO Ed Scholz will remain on as deputy CFO. Scholz has been the city’s budget officer and was appointed as CFO by mayor Guillermo Vidal in March to replace Claude Pumilia, who had held the position for four years.
Both Kennedy and Scholz will assist Hancock with the implementation of a new initiative called ‘peak performance’, which is aimed at providing city managers with the opportunity to deliver high quality services at low costs using real-time data and data driven decision making.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.