Dermot McDonogh Appointed CFO of BNY Amid Growth Strategy Focus
1 report, 1 independent
Updated Sep 19
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What happened
Dermot McDonogh was appointed Chief Financial Officer of BNY on September 19, 2026. The company is pursuing a new growth phase centered on cross-selling and organic expansion. BNY is increasing investments in AI, data, and technology to improve client delivery and operational capacity.
From yahoo.com
Why it matters
BNY aims to achieve a 38% pre-tax margin and a 28% return on tangible common equity. Management expects about 75% of revenue entering 2027 to be recurring, though market conditions remain a source of uncertainty.
From yahoo.com
Who's involved
- ElizaBNY, the company whose leadership structure was updated with the appointment of its new CFO.
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The entities involved
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Eliza
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