2023-07-06 23:30:00
The crane moves in the “Big Four” audit market. This week, the arrival at Deloitte of Rodrigo Leiva, a former PwC partner, who headed the firm’s Risk and Financial Regulation area, was sealed.
The executive arrived at Deloitte as a lead partner of the Modeling & Value Advisory team in the Financial Advisory division, heading a team of 30 people dedicated to building, reviewing and validating management models and asset valuation advice.
“We see a greater concern in customers that these models do not become black boxes that nobody understands and only the one who programmed them can decipher, because in the end, it is going to be used to make a decision, and they want to know if it was built. by someone without bias”, the new Deloitte partner commented to DF.
For Leiva, another of the business challenges is that “theory often takes precedence over history, there tends to be somewhat blind faith in the mathematics behind predictive models, but it should be the other way around.”
In addition, he stated that the local financial sector has not yet shown a greater demand for these services, unlike Canada and the United States, “where there is an interest in having higher-qualified external actors carry out a review of models and valuations,” he pointed out.
Valuation of the UF in the market
Regarding valuations, Leiva paid special attention to the UF in the real estate sector.
“If an asset is published at UF 10,000, which with previous prices was worth $300 million and the UF rose to $40,000, it should now be worth $400 million. But what happens in practice is that it is not worth that, and they publish it at UF 8,000, ”he warned.
In this way, “whoever borrowed in UF to finance that asset is somewhat harmed, because the indexed price fell but continues to owe the same,” he concluded.
1688701802
#Deloitte #recruits #exPwC #strengthen #area #financial #models
