OVER 75% OF CFOs DEMAND GREATER TRANSPARANCY

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http://www.theglobalcfo.com - Fulfills Industry Need

According to newly released research 81% of chief financial officers of multinational companies would like to see greater transparency in the expertise of banks and financial advisors. Research commissioned by The Global CFO, the one-stop financial intelligence resource for corporate decision makers, indicates that there is a need for objective information on these advisers along with their credentials, in one place online.There is no doubt that demand for greater financial services transparency is fuelled by the fact that nearly one third (31%) of multinational companies anticipate 2001 being a busier year for mergers, acquisitions or fund raising than 2000, while a further 31% expect corporate activity to remain at the same high levels of 2000.

With this increased activity, more than half (56%) of finance directors expect to have to manage relationships with an increasing roster of professional advisers over the next three years, as companies demand specialists in key areas.To help co-ordinate and manage these relationships, http://www.theglobalcfo.com launched with more than 25 leading financial data sources which provide financial officers around the world with free and easy access to independent intelligence on corporate finance, capital markets and corporate banking issues.

Etienne Deshormes, Chief Executive of The Global CFO, commented: As 2001 looks set to be a year of continuing and increased activity, finance decision makers need to cut down on the time spent researching potential financial service providers. The Internet is the perfect delivery mechanism for such information and we are pleased to offer a service that is so clearly in demand.

At http://www.theglobalcfo.com finance professionals have free access to critical data, allowing them to support decisions regarding the selection of banks and other advisers. The site features hundreds of league tables ranking banks and other financial advisors including lawyers, accountants and tax advisors and PR firms. Apart from this the site features information providedbybanks on their credentials and product expertise.

For further information, please contact:

Etienne Deshormes, CEO The Global CFO

Mob:    07771 921 964

Leigh Sharpe, Square Mile BSMG

mob: 07885 144 898 hm: 01206 298 735

Sarah Pinferi, Square Mile BSMG        

Phone+44 207 841 5627/5499

Note to Editors:

Established by an international team of experienced corporate financiers and capital markets practitioners, The Global CFO for the first time pulls together objective data from 25 leading data sources providing corporates with the comprehensive, comparative information needed to evaluate banks, law firms, tax advisers, accountants and PR consultants for financial transactions and services.

The Global CFO is the one-stop financial intelligence resource for corporates covering a wide range of products including M&A, Equity and Debt Issuance, Derivatives, Project Finance, etc.

Global CFO Limited was established in the summer of 2000 and is based in the City of London. Additional information is available at http://www.theglobalcfo.com

*NOPResearch Fieldwork Date: 4th-18th January 2001, Survey of Finance Directors

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Menno Roos
The Global CFO
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