Andrew Cramer
New York,NY
Summary
Seasoned Deputy Chief Financial Officer with comprehensive capabilities in Corporate Development, M&A, Corporate Restructuring, Corporate Governance, Strategic Treasury, Business Planning and Financial Management. Demonstrated ability in driving fiscal strategy and commercial decision making, enhancing operational efficiency and building capital allocation assessment criteria. Proven track record in contributing to corporate growth and profitability through sound decision-making skills. Strong leadership abilities coupled with proficiency in managing high performing and diverse cross-functional teams, fostering collaboration and nuturing top talent, and navigating complex financial landscapes. Skilled in stakeholder management, and interacting and advising senior business leaders.
Overview
18
18
years of professional experience
Work History
Deputy Chief Financial Officer
News Corp
New York, NY
07.2019 - Current
Leads Commercial Finance for News Corp HQ, managing all financial planning initiatives, M&A activities, corporate governance, and capital allocations. Acts as a key advisor to the CFO on investment strategies and capital management.
- Managed portfolio shaping acquisitions and divestitures worth $2.05 billion, which included OPIS ($1.2bn), CMA ($0.3bn), HMH ($0.35bn) and NAM ($0.20bn)
- Enabled future Digital Real Estate spin-off by effectively restructuring portfolios and strategically planning the legal and tax separation of News Corp Australia, Foxtel, and REA Group.
- Played a pivotal role in creating and implementing a robust Capital Allocation Framework that utilized Return on Investment Capital (ROIC) for effectively allocating investments towards News Corp's Growth Pillars, driving the overall improvement of ROIC within the span of five years from 3.9% in 2020 to an impressive 8.3% as of the 2025 budget.
- Successfully launched News Corp's Inaugural Credit Ratings and Bond Offerings. Collaborated with S&P and Moody's to make private credit ratings public for the successful introduction of Inaugural Bond ($1bn) and TLA ($0.5bn).
- Restructured Technology Finance team by reducing 6 team members and appointing new leader. Partnered in build out of innovative team leading to a strategic finance partnership resulting in $35m recurring cost savings across Technology and Sourcing.
Head of TMT, Investment Banking
Citigroup Australia
Melbourne, VIC
02.2011 - 05.2019
Responsible for Citi’s Technology, Media, Telecommunications & Leisure investment banking business including Mergers & Acquisitions, and equity and debt capital markets coverage across both origination and execution for Australia and New Zealand.
Key transactions included:
- News Corp on merger of Foxtel and Fox Sports
- News Corp on demerger from 21st Century Fox
- REA (News Corp subsidiary) on divestiture of REA Europe, and acquisitions of iProperty, iSign, Flatmates, and Smartline
- 21st Century Fox
- TBC
Vice President, Investment Banking
Macquarie Bank Limited
Melbourne, VIC
02.2007 - 01.2011
Completed two summer internships (2004/05 and 2005/06) before working across Natural Resources Investment Banking and Equity Capital Markets.
Skills
M&A, Divestitures, & Restructures
Portfolio Strategy Formulation, & Execution
Credit Ratings, & Debt Raising / Refinancing
Capital Allocation, & Investment Policies
Data Analytics, Forecasting & Budgeting
Stakeholder Management, & Influence
Investor Relations & Corporate Communications
Corporate Compliance Policies
Team Building, & Talent Acquisition
Complex Negotiations
Timeline
Deputy Chief Financial Officer
News Corp
07.2019 - Current
Head of TMT, Investment Banking
Citigroup Australia
02.2011 - 05.2019
Vice President, Investment Banking
Macquarie Bank Limited
02.2007 - 01.2011