Ashish Bali, has joined the firm as a senior advisor/director. Ashish’s focus will be to create and oversee a business services practice within CFOCP, focusing primarily on all types of professional services – law firms; accounting firms; engineering firms; architectural firms; etc. and to expand the service segment to all business service firms, e.g. real estate services; outsourcing; etc. Aligned to the goal will be discussions with financial institutions on providing financing for partnerships and other types of business service firms.
Ashish is a seasoned CFO who has spent 40 years in professional services. Experience includes 38 years with Deloitte as audit partner and last 15 years as global CFO. He possesses significant Treasury experience. In addition, he has served on company board of director. He brings operations, risk management, strategy and M&A experience.
As CFO, Ashish was responsible for all financial aspects of a $1billion holding company of a $40 billion professional services firm, including: budgeting, treasury, financial statements, member firm financing and administration. He led negotiations for a $600m multiyear global facility with a syndicate of global banks including offering memorandum, cash and financial forecasts, road shows. He developed a new firm structure requiring unanimous consent of lenders resulting in renewed banking facility without guarantees, saving member firms $350m. He implemented a new Finance organization; developed leadership team; and management depth. He implemented a new SAP finance and reporting system. He led the first ever external audit of the entity.
As an audit partner in the real estate group, Ashish’s responsibilities included serving two large global real estate companies, and a REIT. He was involved in numerous private equity deals for the clients. He had overall responsibility for signing opinion on financial statements. He also, developed an international network to serve global clients of the firm.
Ashish is a U.S. certified public accountant; UK chartered accountant; Canadian chartered accountant; Indian chartered accountant.
Ashish was educated at the University of Delhi in India, and Kingston University in the United Kingdom.