It’s about time they replace him with someone that employees actually respect
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OP how would that play out and who would replace head of ASD/AS
Of course Roman Regelman has no oversight on his budget. ZERO deliverables in 5+ years and still hired is the very definition of no oversight.
I know for a fact from numerous interactions and extensive discussions over 25 years with ExCO and a CEO one on one that they are absolutely baffled by technology and in no way will they ever make a call. I’d like to say more but cannot.
Trust me, Roman is safe and going nowhere unless it’s of his own choice.
I think EP return who seems to also retain an EC seat and direct line to Robin for commercialization is the start of displacing RR. She is much better than RR
I’ll believe it when I see it. He’s heading towards FIVE YEARS of no deliverables and spending all of his efforts managing his LinkedIn presentation. It would be one thing if he had the gift of gab and salesmanship but he doesn’t. Somehow he is the golden child with no deliverables required.
RR seems solid after today’s announcement.
So is EP coming back to fix things?
I guess the original poster had some knowledge about the Asset Servicing changes announced announced today? Sounds like RR is still in place there.
BNY is still a dumpster fire regardless of whoever is in charge. Enjoy the perpetual benefit cuts and end of year 401K match (oldest trick in the book) if you make it that far. What happened to organic growth/technology/synergies???? The shell game continues. Blind leading the blind.
I hope this is true. He’s a useless, empty suit that has done nothing but spend money on hires that kiss the ring and initiatives that have - without exception - over promised and under delivered. He has zero client skills and doesn’t care one bit about the client experience or client satisfaction. Every time he opens his mouth, morale gets worse. While they are at it, take out Cohen, Mancini, Spieradakos, Butler, etc. All useless. They spend their time managing his expectations and smooching his rear.
Show them all the door!
If this were the case, the only two parties who would know would be Robin and the board. Neither would leak this info to anyone. Highly unlikely this is true. Also unlikely that we would fire the person responsible for 50% of the bank’s revenue by way of the Securities Services businesses when he was just effectively promoted to run the combined AS, CT, and Issuer Services businesses.
Roman is not overly concerned with Digital anymore. He was hired for Digital but his focus has been on running the AS and now Securities Services business since he inherited AS in early 2020. Digital strategy and partnerships still ultimately report to him but all those initiatives are far less on the top of his mind compared to the revenue and profitability growth and client satisfaction of the businesses he now runs. The success of those businesses determine his future at BNY, not Digital.
As awesome as that news would be, it wouldn’t make sense that he is traveling around the world talking about garbage. Unless he has no oversight on his budget.