Cohen & Steers Announces Succession of Chief Financial Officer
Cohen & Steers (NYSE: CNS) announced the appointment of Raja Dakkuri as Executive Vice President and Chief Financial Officer, succeeding Matthew Stadler. Dakkuri, who joined on June 24, 2024, will oversee the firm's financial operations, strategy, and investor relations. He brings 30 years of experience, previously serving as Chief Risk Officer at Valley National Bancorp and holding key roles at Bank Leumi USA, Point72, Citigroup, and KPMG. Joseph Harvey, CEO and President, emphasized Dakkuri's role in advancing financial goals and operational efficiency. Stadler will stay on as Executive Vice President to assist with the transition before retiring after 19 years at Cohen & Steers and over 44 years in the asset management industry.
- Raja Dakkuri's appointment brings 30 years of financial management and strategy experience.
- Dakkuri has extensive experience with high-profile firms such as Valley National Bancorp, Bank Leumi USA, Point72, Citigroup, and KPMG.
- Dakkuri will lead financial operations, financial strategy, and investor relations, potentially enhancing operational efficiency and delivering value to clients and shareholders.
- Transition period may involve uncertainties affecting financial operations during the handover from Matthew Stadler to Raja Dakkuri.
- Potential disruptions or delays in strategic initiatives during the leadership change.
Raja Dakkuri joins Cohen & Steers to succeed Matthew Stadler
As Chief Financial Officer, Mr. Dakkuri will lead the firm's financial operations, financial strategy and investor relations. He joins the firm's Executive Committee and reports to Joseph Harvey, Chief Executive Officer and President.
Mr. Dakkuri joins Cohen & Steers from Valley National Bancorp and Bank, where he served as Chief Risk Officer. Prior to that he was an executive at Bank Leumi
Joseph Harvey, Chief Executive Officer and President, said:
"Raja's 30 years of financial management and strategy experience will be instrumental in advancing our financial goals, enhancing operational efficiency and continuing to deliver value to our clients and shareholders. We are excited to welcome Raja to our firm."
Mr. Stadler will remain with the firm in the position of Executive Vice President to support this transition. Mr. Stadler will retire after 19 years of service at Cohen & Steers and over 44 years in the asset management industry.
Mr. Harvey added:
"Matt has played a critical role in the growth and performance of Cohen & Steers over the past two decades, leading our finance department as CFO, as a member of the Executive Committee and a valuable resource for the Corporate Board. We thank Matt for his leadership and dedication and wish him the best in retirement."
About Cohen & Steers. Cohen & Steers is a leading global investment manager specializing in real assets and alternative income, including listed and private real estate, preferred securities, infrastructure, resource equities, commodities, as well as multi-strategy solutions. Founded in 1986, the firm is headquartered in
Website: https://www.cohenandsteers.com
Symbol: NYSE: CNS
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SOURCE Cohen & Steers, Inc.
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