Has anyone noticed Roman loaded up on ESG and Digital/Data high cost talent over the past several years-where is the ROI and revenue generated from this inflated area??? Robin-maybe you should ask Roman?? Spending years in the alternatives area, Roman isn’t interested in our core services. He seems to be good at tweeting and promoting himself on LinkedIn. He should spend more time actually investing in tools that will attract large financial institutions and generate sizable revenue opportunities. Focus on fixing middle office so your clients do not feel the pain any longer.
Also his town halls make no sense.
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Financial institutions are laggards when it comes to next gen technology adoption and digital transformation. BNYM should remain focused on technology as their main strategic initiative— it’s mission critical. Tech spend should have nothing to do with laying off other areas of the business. Let’s be honest with ourselves, automation and advanced tech will reduce head count in any industry, it’s up to the existing talent to remain competitive regardless who our fearless leader is…
It’s very difficult to understand how he is remains employed here.
There really is something that we don’t know.
Roman’s employee town halls and meetings are not uplifting. Usually people leave depressed and he reads from a teleprompter in front of him. If he is really vested and leading the business he should be able to address employees without a script written for him. Yes it is appropriate for him to ask for notable updates to mention but he should be a true leader, review any points and be able to speak straight from the mind. He is obsessed with LinkedIn and rewards other seniors for their LinkedIn profile versus focusing on business results. His entire mgmt team is afraid to challenge him and just tells him how good he is leading the business. Pure leadership
Portney? Slates? Seriously? I’m calling “no clue”. This is technology investments, not talking points. Pretty sure that we’re toast at this point. We’re now acquisition fodder for FinTechs…
Oh yes, fodder for Fintechs. We aren’t a Fintech, don’t have a prayer of being one, and our components have more value for sale than we derive value from operating them.
There’s a negative ROI for Roman and the digital team. The next project that provides automation and cost savings will be the first.
From an ESG perspective they’re hitting the ball out of the park with every at bat. But why oh why can’t the bank hire the best people instead of the best looking people from a demographic photo for HR brochures…
Can't we find a way to FIRST filter hires for quality and experience and SECOND filter by ESG goals? It’s still discrimination against top talent but shouldn’t we be competitive?
Yes, I do know the answer. ESG hires can name their price and we can’t afford competent hires.
You’re a bit too late for that. He’ll have 5 years with zero deliverables in about 6 months.
Usually a song and dance man type of leader can pull off stunts like endless promises of future deliverables that never materialize, etc. But Roman doesn’t seem to have the personality and gift of gab for that. In most emerging technology projects you get your goals for the year in June with a year end deadline and you work around the clock and you’ve simply just got to deliver. Roman seems to be immune from deliverables.
Have to wonder… who or what is keeping him protected and for what reason?
They HAVE to get rid of RR, his spending and lack of deliverables have gotten out of control and good people are paying the penalty via reduced raises and layoffs. While they are at it, take out his right hand Mike J, who has significantly bloated the ASD organization.
Hani should have never been replaced with Roman (who can’t connect with employees) or Emily Portney or James Slates would have been a great head of asset services. Anything over Roman who has no check and balance. Can someone tell me the value of Charles Teschner and Mark M-shouldn’t middle office be fixed. The poor EnCore middle office clients who have to live with the platform instability for years.
he just plain suks
Where is the audit on Roman’s Investments?
I wonder if Gidget has the cahonies to even brief Robin on Roman Regelman.
Where did the 4 year $pend go? The sole update (4 1/2 years ago) was that the Digital team had decided to focus on Fax automation. Wut?
The Digital spend could have eliminated all layoffs for the last 4 1/2 years. The idea was to invest in automation to reduce labor costs. We spent. Nothing was delivered. People were and are being layed off.
Negative, he is a PowerPoint engineer and LinkedIn marketer.
BNY is technically bankrupt, it’s that there is no alternative and bank run given the operationally intensive business
3 more years for him is 5 years too many. Total waste of $. He is just counting his undeserved money until some other su---r company on LinkedIn picks him up. He’s cost the bank millions and millions, with jack s*** to show for it. Time for Gru to go. Robin take note
Add him to the countless list of visionless BNY Mellon CEOs 5 years late to the newest fad. I give him 3 years.