Rajashree Datta Joins BNY as Deputy Chief Risk Officer

Rhea-AI Summary

BNY (NYSE: BK) has announced the appointment of Rajashree Datta as Deputy Chief Risk Officer, effective December 15. Datta will join BNY's Executive Committee and is set to succeed Senthil Kumar as Chief Risk Officer in 2025 following a transition period.

Datta joins from Goldman Sachs where she served as Partner and Global Head of Finance Risk, overseeing Liquidity, Capital and Accrual Rate Risks. At Goldman Sachs, where she started in Investment Banking in 2000, she played a key role in developing risk management approaches, focusing on balancing business requirements, risk appetite, and regulatory expectations.

Positive

• Strategic appointment of experienced risk management executive from Goldman Sachs
• Planned succession ensures smooth leadership transition in critical risk management function

Negative

• None.

News Market Reaction

+1.62%

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+1.62% News Effect

On the day this news was published, BK gained 1.62%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

NEW YORK, Dec. 5, 2024 /PRNewswire/ -- The Bank of New York Mellon Corporation ("BNY") (NYSE: BK), a global financial services company, today announced the appointment of Rajashree Datta as Deputy Chief Risk Officer.

Ms. Datta will join the company on December 15 and be a member of BNY's Executive Committee. She will succeed Senthil Kumar as BNY's Chief Risk Officer in 2025 following a transition.

"I am delighted to welcome Rajashree to BNY," said Robin Vince, President and Chief Executive Officer. "Risk Management is an imperative for any company, especially BNY − which sits at the center of the financial system − and Rajashree's expertise in developing strong risk frameworks will help us continue to deliver resilience for our clients and the industry."

"BNY's ability to effectively manage risk is one of its most important commercial differentiators," said Ms. Datta. "I look forward to working with BNY's world-class teams as they continue to prioritize the strength and soundness of the company's systems, platforms and business model."

Ms. Datta joins BNY from Goldman Sachs where she most recently served as a Partner and Global Head of Finance Risk, responsible for overseeing Liquidity, Capital and Accrual Rate Risks. During her time at the investment bank, she led significant aspects of the development of its approach to risk management with a demonstrated focus on ensuring judicious risk management in the context of business requirements, risk appetite and regulatory expectations.

Ms. Datta joined Goldman Sachs in Investment Banking in 2000 after earning a Bachelor of Arts degree in Economics and Political Science from Amherst College.

Media
Ryan Wells
ryanw@bny.com 

About BNY

BNY is a global financial services company that helps make money work for the world – managing it, moving it and keeping it safe. For 240 years BNY has partnered alongside clients, putting its expertise and platforms to work to help them achieve their ambitions. Today BNY helps over 90% of Fortune 100 companies and nearly all the top 100 banks globally to access the money they need. BNY supports governments in funding local projects and works with over 90% of the top 100 pension plans to safeguard investments for millions of individuals, and so much more. As of September 30, 2024, BNY oversees $52.1 trillion in assets under custody and/or administration and $2.1 trillion in assets under management.

BNY is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Headquartered in New York City, BNY employs over 50,000 people globally and has been named among Fortune's World's Most Admired Companies and Fast Company's Best Workplaces for Innovators. Additional information is available on www.bny.com. Follow on LinkedIn or visit the BNY Newsroom for the latest company news.  

 

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SOURCE BNY

FAQ

When will Rajashree Datta join BNY (BK) as Deputy Chief Risk Officer?

Rajashree Datta will join BNY as Deputy Chief Risk Officer on December 15, 2024.

When will Rajashree Datta become Chief Risk Officer at BNY (BK)?

Rajashree Datta is set to succeed Senthil Kumar as BNY's Chief Risk Officer in 2025 following a transition period.

What was Rajashree Datta's previous role before joining BNY (BK)?

Before joining BNY, Rajashree Datta served as Partner and Global Head of Finance Risk at Goldman Sachs, overseeing Liquidity, Capital and Accrual Rate Risks.