The Steward
Legacy, values and the long now, leadership as care and continuity.
Catherine Keating embodies The Steward through her insistence on disciplined, client-centered governance. At BNY Mellon Wealth Management she applies institutional-grade investment policy frameworks to individual wealth, a translation that reflects her guardian ethos rather than any appetite for performance-chasing.
“The second thing about institutions that might be different than individuals is that they have governance and process, right, boards and committees. When you think about individuals, neither of those things is necessarily the case. Nobody tells an individual what their goal has to be.”
“Over time. Increasingly, we take into account borrowing, right? Our clients don't have to borrow, but just like major companies, it might make sense from a capital allocation perspective. Another thing that we have to take into account is after-tax return. Institutions don't pay taxes.”
“One of my early mentors in my career, and it's just an example of the serendipity in this industry, was actually Jack Bogle, who was the founder of the Vanguard Group, and I've never worked at the Vanguard group, and yet in this industry I had the chance to meet Jack and work with him and cover him as an industry group industry peer.”
“I love to read. I love to read. I actually majored in English in college, and this year I've read recently Eric Larson, the Blender in the Vial, which again, a great story of Churchill and World War II and the Battle of Britain. Really, really good. And not a story, by the way, nonfiction. I enjoyed Michelle Obama's becoming.”
Masters in Business: “Catherine Keating on Wealth Management (Podcast)”
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