3.0
Dec 11, 2008
Former employee
Houston, TX
Recommend
CEO approval
Business Outlook
Pros
Within trust area, strategic decision making was not sound. I was there during a very difficult period for the industry and business. For instance, acquistion of JPMorgan's trust business was probably too big for the management team at BNY to handle. This then resulted in high turnover in both junior and senior management ranks and drift in strategy.
Cons
Finding its footing during and after the 2008 financial crisis is going to be very distracting. This is especially true in the trust area.