PYMNTS: Digital Disruptors Need CFOs Who Can Build Teams and Infrastructure
The reinsurance business isn’t what it used to be. The space has traditionally been dominated by huge incumbents with names familiar to anybody who’s ever picked up a copy of the Financial Times or Wall Street Journal.
But even reinsurance hasn’t been able to isolate itself from the digital trends transforming the world economy, and online marketplaces have democratized the model by making it more accessible to a wider variety of institutional investors looking to diversify their portfolios.
When Gaurav Wadhwa joined Vesttoo as chief financial officer this year, the four-year-old FinTech gave him clear marching orders.
First, put in place the right infrastructure to ensure the company can stand the test of time, one that scales as the company grows. Second, get the team in order, learn the business and understand the key strategic priorities for the overall business so that the finance team can help achieve those objectives.