The Bank of New York Mellon Corporation (NYSE:BK) Barclays 23rd Annual Global Financial Services Conference September 9, 2025 2:45 PM EDT
Company Participants
Dermot McDonogh – Senior Executive VP & CFO
Presentation
Unknown Analyst
Moving right along, very pleased to have BNY Mellon with us like we’ve done with the other companies, you’ve kind of just put up the first ARS question. From the company, we have Dermot McDonogh, Chief Financial Officer. So welcome back. I appreciate you participating.
Question-and-Answer Session
Unknown Analyst
Maybe the best place to start is going to get this asked a lot is since Robin came over, it’s the second best-performing large-cap bank stocks since you joined, it’s like the third or fourth best performing large cap bank stock. Just what do you think the market finally caught on to and just what do you attribute the success to?
Dermot McDonogh
Senior Executive VP & CFO
Okay. So I guess, this time 3 years ago, I was in New York on a house hunting trip, so I’m there nearly 3 years now. And so I would say our first point is, I think Robin had a really good running. He worked at the firm about 18 months before he became the CEO. So I knew BNY really, really well before he joined. So Cathinka is the perfect leader, the perfect skill set to be the CEO of BNY. And when he started pretty much 3 years ago, first of September, I came along a few weeks after that. And we said about doing a number of strategic business reviews. Some people say inside the firm that the firm has good bones or another person says, the great assets of the firm never really left the building, but they just weren’t managed that well for a long period of time.
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