Robin Vince: So I’ll just start Mike with the way that you set up the initial part of the question. You’re right, we are optimistic about the potential that we have in the company and the opportunities that our franchise and our businesses afford us. Now we haven’t lived up to that potential, but the reason why you detect the optimism, I think, in the way that we talk about it is because we do have an inherent optimism that this is absolutely a doable proposition to unlock that potential. Now It’s a ton of work as Dermot just said in answer to a different question, we’re not going to wish our way there and maybe that’s one of the things that we’ve really doubled down on now as a leadership team is that, we have to work the problem and we have to work the problem through all of these different angles in order to really be able to unlock the potential.
And as I said in my prepared remarks, there’s a cultural change that we need to creating the company to take what is otherwise been a great culture but take it to the next level, power it forward the really allows us to de-silo and operate more broadly across the board and you and I just talked about that a few minutes ago. We have to execute to get it done so of course that it follows from that really evolving the culture to de-silo and to move toward this platform mindset and getting things done in execution are critical to us unlocking our potential, then the biggest risks in the company in some respects from an internal point of view become not doing those things. So we are laser focused on doing those things, tracking those things, and as a leadership team really coming together to make sure that we’re holding each other to account for the respective parts that everybody in the leadership team of the company plays in moving that forward.
So that’s the reason for the optimism, but also the reason for the constant humility associated with the fact that it’s execution that’s going to get the job done. Now in terms of the outside world, there’s clearly a ton going on in the world. We’ve got geopolitical tensions through a continuum all the way to war in many regions of the world right now. We have all of the uncertainties still of rates and inflation in the economy here in the U.S. that creates uncertainties. There’s the ever-present cyber risk, which we always take very seriously, and those things are always collectively on our minds. We don’t pretend to predict exactly how things are going to occur. We try to prepare for them as best we possibly can, recognizing that that’s what our clients need from us as we help them to adapt to this environment and that we manage through it.
So that’s sort of the way that I think about both the internal and external answer to your question.
Mike Mayo: Okay, thank you.
Robin Vince: Thank you, Mike.
Operator: And with that, that does conclude our question-and-answer session for today. I would now like to hand the call back over to Robin with any additional or closing remarks.
Robin Vince: Thank you, operator, and thank you everyone for your interest in BNY Mellon today. If you have any follow-up questions, please reach out to Marius and the IR team. Be well.
Operator: Thank you. This does conclude today’s conference and webcast. A replay of this conference call and webcast will be available on the BNY Mellon Investor Relations website at 2 p.m. Eastern Standard Time today. Have a great day.
