Rajashree Datta Takes on Role as Deputy Chief Risk Officer at BNY

appointment of Rajashree Datta at BNY

The Bank of New York Mellon Corporation, commonly known as BNY, has announced the important appointment of Rajashree Datta to the position of Deputy Chief Risk Officer, effective December 15, 2024. Her selection marks a significant change in leadership as she prepares to succeed Senthil Kumar, the current Chief Risk Officer, in 2025. This strategic shift underscores BNY's commitment to effective risk management, a crucial element in the bank's operations, given its central role in the financial system.

Robin Vince, President and CEO of BNY, expressed his enthusiasm over Datta's joining, emphasizing that robust risk management is essential for BNY's mission. He noted the bank's pivotal role in navigating complex financial landscapes, stating: "Rajashree's expertise in developing strong risk frameworks will enhance our ability to provide resilience for our clients and the industry at large.” This sentiment highlights the bank's proactive approach in addressing the challenges faced in financial services today.

As a seasoned professional, Datta brings with her an impressive career background, having previously served at Goldman Sachs. In her role there as Partner and Global Head of Finance Risk, she was in charge of overseeing critical aspects such as liquidity, capital, and accrual rate risks. Her tenure at Goldman Sachs has been marked by a significant commitment to refining the company's risk management strategy within the frameworks of business needs, appetite for risk, and regulatory standards.

Ms. Datta commenced her career in investment banking at Goldman Sachs in 2000, shortly after obtaining her Bachelor of Arts in Economics and Political Science from Amherst College. This early experience has provided her with a solid foundation in the financial sector, paving the way for her ascent to leadership roles concentrated on risk.

Upon her arrival at BNY, Datta will be an integral member of BNY's Executive Committee, collaborating with other leaders to enhance the company's risk profile actively. "BNY's ability to effectively manage risk is one of its most important commercial differentiators," said Ms. Datta. She anticipates engaging with the exceptional teams at BNY to further ensure the integrity and reliability of the company’s platforms and operations.

BNY’s history spans over 240 years, and its global footprint encompasses support for an array of clients, including 90% of Fortune 100 companies and nearly all top 100 banks worldwide. The institution manages a staggering $52.1 trillion in assets as of September 30, 2024, demonstrating its significant influence and operational scope within the financial services landscape.

As a forward-thinking entity, BNY has consistently prioritized innovation and risk management as key components of its broader strategy. With Datta’s addition, the bank signals its unwavering dedication to navigating the financial sector's evolving challenges while delivering strength and security to its clientele. Her track record in financial risk management will undoubtedly play a role in guiding BNY through future uncertainties while maintaining the highest standards of service for their diverse range of stakeholders.

In summary, Rajashree Datta’s appointment comes at a crucial time when organizations need to pivot to meet both market demands and regulatory expectations effectively. With her extensive experience and the robust support of BNY’s team, the bank is well-positioned for continued growth and resilience in the face of global financial dynamics.