Cohen & Steers, Inc. (NYSE: CNS) has announced the succession of its Chief Financial Officer. Raja Dakkuri has joined the company as the new Executive Vice President and Chief Financial Officer, succeeding Matthew Stadler. Dakkuri comes with a wealth of experience, having served as the Chief Risk Officer at Valley National Bancorp and Bank. Additionally, he held executive positions at Bank Leumi USA and has prior finance and accounting experience at Point72, Citigroup, and KPMG.
In the transition, Matthew Stadler, who had been with Cohen & Steers for 19 years, will remain with the firm as Executive Vice President to support the handover before his retirement. Joseph Harvey, the CEO and President of Cohen & Steers, expressed his appreciation for Stadler's contributions over the past two decades, acknowledging his critical role in the company's growth and performance.
The press release also highlighted the company's financial focus, with Joseph Harvey expressing enthusiasm about Raja Dakkuri's 30 years of financial management and strategy experience, which is expected to advance Cohen & Steers' financial goals, enhance operational efficiency, and deliver value to clients and shareholders.
Cohen & Steers is a leading global investment manager specializing in real assets and alternative income, with a focus on listed and private real estate, preferred securities, infrastructure, resource equities, and commodities, as well as multi-strategy solutions.
This succession in the CFO position comes as the company continues to expand its global presence, with headquarters in New York City and offices in London, Dublin, Hong Kong, Tokyo, and Singapore. Following these announcements, the company's shares moved 0.7%, and are now trading at a price of $72.13. For more information, read the company's full 8-K submission here.
