BNY Restructures Executive Team to Enhance Wealth Solutions
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: PRnewswire
- Executive Changes: BNY announces a restructuring of its executive team, with Adam Vos becoming Global Head of Wealth Solutions, integrating BNY Pershing and the Wove platform to enhance client service capabilities and drive synergy in the wealth solutions business.
- Strengthening Client Relationships: Jim Crowley is appointed Executive Vice Chair, focusing on enhancing client relationships across BNY's platforms, leveraging his extensive experience at BNY Pershing to improve client satisfaction and market competitiveness.
- Elevating Market Leadership: Laide Majiyagbe will take on the role of Global Head of Markets, overseeing Foreign Exchange, Fixed Income, and Equities, serving institutional clients globally, further solidifying BNY's leadership position in the financial markets.
- Strategic Vision: BNY CEO Robin Vince emphasizes that as the wealth landscape continues to evolve, the adjustments in leadership structure will enable the company to better meet client needs, enhancing market competitiveness and service quality.
Analyst Views on BK
Wall Street analysts forecast BK stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BK is 125.59 USD with a low forecast of 109.00 USD and a high forecast of 145.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
12 Analyst Rating
8 Buy
4 Hold
0 Sell
Moderate Buy
Current: 119.020
Low
109.00
Averages
125.59
High
145.00
Current: 119.020
Low
109.00
Averages
125.59
High
145.00
About BK
The Bank of New York Mellon Corporation is a global financial services company. The Company’s business segment includes Securities Services, Market and Wealth Services and Investment and Wealth Management. The Securities Services business segment consists of Asset Servicing and Issuer Services, which provide business solutions across the transaction life cycle to its global asset owner and asset manager clients. The Market and Wealth Services business segment consists of three lines of business, Pershing, Treasury Services and Clearance and Collateral Management, which provide business services and technology solutions. Its Investment and Wealth Management business segment delivers a diversified portfolio of investment strategies independently, and through its global distribution network, to institutional and retail clients globally. It provides investment management, custody, wealth and estate planning, private banking services, investment servicing and information management.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
