Mustally Hussain is the Vice President and Corporate Treasurer of Herc Holdings Inc. In his current position, he is responsible for cash operations, capital markets, bank & rating agency relations, pensions, risk & insurance, and overall financial strategy. Prior to joining Herc, Mr. Hussain was Deputy Treasurer at Hyundai Capital America with a broad mandate of responsibilities across treasury, strategic finance, risk management, and investor relations. Before Hyundai, Mr. Hussain spent several years at National Grid USA in leadership positions. He began his career in corporate finance and M&A at Analysis Group and Citigroup in New York. He is a frequent speaker at industry conferences and serves on the CFO Advisory Council of Innovation Enterprise and has won several awards from AFP, Adam Smith and TMI on excellence in treasury and finance. He holds an M.B.A. from the MIT Sloan School of Management and a B.A. from Grinnell College.
We sat down with him ahead of his presentation at the upcoming CFO Rising Midwest summit, which takes place in Chicago this September 7th.
How did you get started in your career?
I began my career as a corporate finance and investment banking professional advising corporations in mergers & acquisitions, capital raising, complex restructuring and litigation matters. After several years in an advisory capacity, I transitioned to Fortune 500 corporates as a leader in finance and treasury functional areas.
How is the role of the CFO changing?
The CFO role is becoming more strategic vs. tactical with a lot more forward and outward focus. This has enabled the modern CFOs to have a seat at the table in strategy, growth, business portfolio and governance decisions besides the traditional performance and risk management discussions.
What impact do you see AI having on the finance function?
AI will help the finance function to be leaner and enable the decision makers to spend more time on planning & analysis rather than gathering data to make the decisions. Automation in process and transaction based finance functions could be transformational and AI led insights in areas such as investment management will further help plan for longer term horizons.
What technologies do you think will have an impact on the finance function in the future?
Big data, blockchain/bitcoin, technology exchanges for insurance and capital markets transactions, payment security and other technologies that automate finance processes will have a significant impact on defining the finance function of the future.
What advice would you have for young people looking to get into a finance career?
Keep an open mind and a broad focus. Try to rotate through treasury, audit, FP&A to ensure you understand how different sub-functions move to become a finance leader.
What will you be discussing in your presentation?
I will discuss how to build and lead modern finance teams. I will share my recent experience in creating a new treasury after Herc Rentals’ spinoff and best practices on finance transformation from my time across multinationals.
You can hear from other industry leading finance leaders like Mustally at the CFO Rising Midwest Summit. View the full agenda here.