BNY Sees Cross-Selling and AI Investments Fueling Its Next Growth Phase
BNY CFO Dermot McDonogh said the company's recent progress has been driven by expense discipline, a revamped commercial model, and a cultural shift aimed at making the firm more ambitious and client-focused. He highlighted cross-selling and AI investments as fueling the firm's next growth phase.
Why it matters — A BNY watcher would care because the CFO is outlining the specific drivers—cost control, commercial model changes, and AI investment—behind the company's expected next phase of growth.