BNY Strengthens Risk Management: Rajashree Datta Joins as Deputy Chief Risk Officer

In a strategic move to bolster its risk management capabilities, The Bank of New York Mellon Corporation (BNY Mellon) has appointed Rajashree Datta as the new Deputy Chief Risk Officer. Datta, who will join the company on December 15, brings an impressive background in risk management from her tenure at Goldman Sachs, where she served as a Partner and Global Head of Finance Risk. She will succeed Senthil Kumar as Chief Risk Officer in 2025 following a transition period.

Datta's expertise in managing liquidity, capital, and accrual rate risks at Goldman Sachs has equipped her with a strong foundation in balancing business requirements, risk appetite, and regulatory expectations. This holistic perspective will be invaluable in her new role at BNY Mellon, where she will work closely with the Executive Committee to ensure the bank's resilience and soundness.

BNY Mellon's ability to effectively manage risk is one of its most important commercial differentiators. Datta's appointment signals the company's commitment to prioritizing the strength and soundness of its systems, platforms, and business model. She will work with BNY Mellon's world-class teams to enhance risk management strategies and adapt to emerging risks, such as climate change and cybersecurity threats.

The transition period between Datta and Kumar will ensure a smooth succession in BNY Mellon's risk management leadership. During this time, Datta will work closely with Kumar to understand the unique risk landscape of the organization and tailor her risk management strategies accordingly. This collaboration will enable a seamless continuation of BNY Mellon's risk management strategy, maintaining the company's industry leadership in risk management.



Datta's appointment comes at a critical juncture in the financial sector, as institutions face evolving risks and regulatory challenges. Her experience in developing risk management approaches at Goldman Sachs and her demonstrated focus on judicious risk management will be instrumental in helping BNY Mellon navigate these complexities. By fostering a culture of proactive risk management, Datta's appointment signals BNY Mellon's commitment to maintaining its competitive edge in the face of an ever-changing market landscape.

In conclusion, Rajashree Datta's appointment as Deputy Chief Risk Officer at BNY Mellon underscores the company's commitment to strengthening its risk management capabilities. Her extensive experience in risk management, combined with her ability to balance business requirements, risk appetite, and regulatory expectations, makes her an invaluable addition to the BNY Mellon team. As the financial sector continues to evolve, Datta's expertise will be crucial in ensuring BNY Mellon's resilience and industry leadership in risk management.