Global CFO turnover surged to record levels in 2025, driven by the need for finance leaders capable of navigating complex challenges and potential CEO succession, according to a new report. Simultaneously, fintech startup Levl announced a $7 million seed round to build stablecoin infrastructure for digital wallets and other fintechs. Richard Attias Associates, known for organizing Saudi Arabia's Future Investment Initiative, is preparing for an IPO, enlisting Citigroup and SNB Capital, according to sources.
The 2025 Russell Reynolds Associates (RRA) Global CFO Turnover Index, shared exclusively with CFO Daily, revealed record appointment levels alongside sustained exits. Global CFO appointments hit a seven-year high in 2025 with 316 incoming CFOs, a 10% increase over 2024 and 12 above the long-term average of 281. The S&P 500 was a major driver, with companies hiring a record 106 CFOs in 2025, up 19 from 89 in 2024. Boards are increasingly looking for finance leaders who can steer transformation and manage external stakeholders.
Levl, a startup aiming to build a platform for seamless stablecoin transactions, secured $7 million in a seed round led by Galaxy Ventures. The company plans to enable digital wallets and other fintechs to send money globally using stablecoins, a non-volatile type of cryptocurrency pegged to the US dollar. Jaisel Sandhu, the founder and CEO of Levl, declined to disclose the company's valuation in an interview with Fortune.
Richard Attias Associates' IPO, potentially valued at up to $1 billion, reflects growing investment opportunities in Saudi Arabia. The company, known for organizing Saudi Arabia's Future Investment Initiative, has enlisted Citigroup and SNB Capital for the IPO, according to sources. This move could signal a shift in the global financial landscape.
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