YouSaid · the spoken record

Jose Minaya

lines on the record: 73
first: 2025-10-03
most recent: 2025-10-03
sittings or episodes: 1
sources: podcast

Every line below is reproduced as it was said and linked to the record it came from. Nothing here is summarised or generated. Directory · Search · Corrections

“Yeah, I think it goes back to when I first started learning those lessons of don't pay attention to the noise, pay attention to what really matters. So, you know, earlier on, it's hard not to get emotional about investing. Sometimes it's hard even not to get completely kind of, you know, and I watch for this in our PMs, like PMs can fall in love sometimes, even with companies, stocks and even management teams. That ability to now say, hey, and all these cases, be objective. Remind yourself: be good at knowing what you don't know, take emotion off, focus on what really should matter, not all the noise that's surrounding it.”
2025-10-03 · Masters in Business · BNY's Jose Minaya on How AI Is Transforming Asset Management · IDENTIFIED FROM THE TRANSCRIPT · source
“Know the advice I give everybody coming out of school, and I think they're waiting to hear for some kind of special nugget on how they're going to get ahead doing models or what deals. And I'm like, do the easy things really well? Like I did this intuitively not knowing how important it was, which was I came into Wall Street. You know, they're not going to give, I was fresh out of school. They weren't going to give me a big client. They weren't going to give me a big model. But you know what? If someone said, I need copies, I ran and did copies because, you know, I could do that, that I can do. Hey, book a restaurant for a client dinner. Hey, don't worry about it. I got it. So to me, it's like life is never going to be that easy in your career than when you're first out of school. Don't come in day one thinking about how do I get on, how do I start traveling and meet clients and work the big deals? It's like, do the little things really, really well. That is how they're going to be able to judge you early on.”
2025-10-03 · Masters in Business · BNY's Jose Minaya on How AI Is Transforming Asset Management · IDENTIFIED FROM THE TRANSCRIPT · source
“And I'm a big Billy Joel fan. And yeah, I thought it was, and again, to me, it's just history and people, right? You just kind of just love learning about people. And then especially for me, I'm in awe of people who could do things I can't, right? Like I'm in awe of a Billy Joel when you hear about his process and what he does and you're like, it's hard not to get inspired by that.”
2025-10-03 · Masters in Business · BNY's Jose Minaya on How AI Is Transforming Asset Management · IDENTIFIED FROM THE TRANSCRIPT · source
“That these individuals took was a very different time in America. But I love the documentaries and then shows what will happen is I don't watch a lot of TV. I will watch sports, but I'll hear things like breaking bad. Everyone talked about it. I was like, all of a sudden, I'm watching it 10, 15 years after the fact. And then that led me to say, hey, there's this show Better Call Soul. So I just went through the whole, not just went, but, you know, I've been going through Breaking Bad and then like better call Saul. And so the only way I watch shows now is, well, they came out five, seven years ago. And now I'll go in and be like, okay, I'll dig in.”
2025-10-03 · Masters in Business · BNY's Jose Minaya on How AI Is Transforming Asset Management · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah, you know, it's very similar to kind of the whole nonfiction thing. I'm a big fan of documentaries on Netflix. So there's two things that I'll kind of do on streaming. It's watching the men who built America, which is a great documentary. It just, again, it has the JP Morgan's of the world, the Carnegie's of the World Rockefellers and Vanderbilt's. But what it shows you is the tremendous amount of risk.”
2025-10-03 · Masters in Business · BNY's Jose Minaya on How AI Is Transforming Asset Management · IDENTIFIED FROM THE TRANSCRIPT · source
“His books ruined all the movies that have come out off of his books because none of them come close, in my opinion, to the actual books.”
2025-10-03 · Masters in Business · BNY's Jose Minaya on How AI Is Transforming Asset Management · IDENTIFIED FROM THE TRANSCRIPT · source
“And I made the comment around 80% of the things you hear is noise. My understanding is that book has a lot about that in there of like what you should really spend your time thinking about. So that's synopsis and I've heard two people now mention it. So I'm getting ready to read that.”
2025-10-03 · Masters in Business · BNY's Jose Minaya on How AI Is Transforming Asset Management · IDENTIFIED FROM THE TRANSCRIPT · source
“I love all the Michael Lewis Books. Recently, read The Boys in the Boat. So I just love the story about people and I love reading about books that you see perseverance in human beings. Right now, I'll tell you, I'm not reading anything right now. I'm getting ready to read something and I'm wondering if it's going to stay. But I've been hearing a lot about the meditations by Marcus Aurelius. Oh.”
2025-10-03 · Masters in Business · BNY's Jose Minaya on How AI Is Transforming Asset Management · IDENTIFIED FROM THE TRANSCRIPT · source
“I've had so many. And I'll tell you, they started with family members. I've had professors. I've had the dean of the business school. I met in college. I felt like was a mentor to me. I have my previous bosses that I still stay in touch with and try to have lunch and dinner with. So I have many people that I can kind of think.”
2025-10-03 · Masters in Business · BNY's Jose Minaya on How AI Is Transforming Asset Management · IDENTIFIED FROM THE TRANSCRIPT · source
“That idea of having that conversation now around let's talk about what I'm trying to accomplish. Not, hey, I think large caps are hot now. So I'm going to put you in them. Hey, you know, you see technology stocks. I think technology is going to do really good. That to me is what's really being overlooked is, again, where I know a lot of people sit down with their advisors and they're getting that academic dissertation on you should be diversified. This is why. This is how. But often the conversation falls right back to is it large cap, small caps? Is it tech stocks? Is it banks? Is it financials? Like, that's not the right conversation, even is it alt or publics. It's everything. It's all of that. And it's using technology and solutions and packages to create the right construct for individuals.”
2025-10-03 · Masters in Business · BNY's Jose Minaya on How AI Is Transforming Asset Management · IDENTIFIED FROM THE TRANSCRIPT · source
“Know, and again, this is going to sound very simple, and it's been talked about since the beginning of our markets. You know, it's true diversification. And again, it sounds simple, but it's not because, you know, the old diversification is that 70, 30, 60, 40 stocks bonds, the markets are a lot more complex and sophisticated.”
2025-10-03 · Masters in Business · BNY's Jose Minaya on How AI Is Transforming Asset Management · IDENTIFIED FROM THE TRANSCRIPT · source
“Already in stock prices. Yeah, it's there. It's like 20% actually matters. You know, I said to be a good investor, you have to be good at knowing what you don't know. But I also think you also have to be good at taking a motion off the table. You could see a lot. Obviously, we're a pretty divided country politically. I always say like, don't bring that to your investing, right? So it's more like take the emotion out. Don't let the noise suck you in. go back and it's about the fundamentals it's about what's in front of you it's about your outcomes”
2025-10-03 · Masters in Business · BNY's Jose Minaya on How AI Is Transforming Asset Management · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah, and I'll explain it both in terms of kind of where we are in our markets and then also like it's also like a personal philosophy. One, this is what I mean by things look very calm. Things look very constructive yet we can, I think my team at the time, and this was back in January, I think there were like 26 or 30 different press releases or things that happened that kind of really jolted the markets in some way or caused concern. So, the list of the things going on, whether it's inflation, whether it's political, you know, the Fed policy changes, wars, the list. It's endless. So there's that, I think, is at an all time high of the things that, okay, what's the list of what can go wrong? But then, you know, the other thing with noise, and I say this to my kids, I try to, I'm still trying to master this.”
2025-10-03 · Masters in Business · BNY's Jose Minaya on How AI Is Transforming Asset Management · IDENTIFIED FROM THE TRANSCRIPT · source
“Has to be, it has to be broader because we're not a hedge fund. And a lot of what we do is not about that. It is about driving long-term outcomes.”
2025-10-03 · Masters in Business · BNY's Jose Minaya on How AI Is Transforming Asset Management · IDENTIFIED FROM THE TRANSCRIPT · source
“But yes, if you're saying I'm going to just take a correlation of one or just take broad market exposure, it's more than, again, the academic conversation being more of an urgency. If you think about the actual conversation around I'm structured for solutions, for outcomes in my portfolio, then why should you be risk-off? You already planned for this, maybe plan to have part of my principal protected. Maybe plan to have certain amounts of yield or uncorrelated assets in my portfolio. So my viewpoint is, again, one, the fundamentals are there to not say exit the market, but two, they should not always be around should I buy this stock or that stock or should I go bonds or equities”
2025-10-03 · Masters in Business · BNY's Jose Minaya on How AI Is Transforming Asset Management · IDENTIFIED FROM THE TRANSCRIPT · source
“Clearly, look, and I think there was a little bit, I think I was challenged a little bit on that comment. There was a tremendous amount of concern with the tariffs and what would come. I had two thoughts there. One, understanding that I thought the current administration that we have about the carrot and the stick. We started out the year with the stick, but you know what? The carrot was going to show up at some point. And then, too, this other view of, you know, most of us don't have a choice to be risk-off, right? The idea that like, you know, being risk off through these different cycles hasn't really paid off. So the one thing we should do is go back and look at the fundamentals.”
2025-10-03 · Masters in Business · BNY's Jose Minaya on How AI Is Transforming Asset Management · IDENTIFIED FROM THE TRANSCRIPT · source
“The other side of that story is okay, but then are we losing the independence of the Fed? Are there geopolitical issues and wars out there that can also cause massive disruptions in the global economy? Policy issues and fiscal issues coming to the forefront that could just be mistakes that happen. So at the same time, there's so many things that can go wrong. I would say we're probably at an all-time high of things that can go wrong, yet where you sit today should feel pretty good in terms of, you know, the economics and the economy. And I think technology is the same thing. It's like, wow, AI is going to be disruptive. What we think AI can do is literally changing every week, every month. And again, that in many ways is exciting. In many ways, it's also exciting. Extremely unsettling”
2025-10-03 · Masters in Business · BNY's Jose Minaya on How AI Is Transforming Asset Management · IDENTIFIED FROM THE TRANSCRIPT · source
“And kind of see where things are coming AI is able to go through a lot more information and disseminate that information. So, you know, I still say that human beings with AI will be better than human beings without AI, i.e. you're still going to need the component for human beings in the mix. But so much of the future is unknown. And by the way, I think that's also the uneasy part that we are today in our markets. Because if you speak to individuals on one end, I can kind of picture and say the economy is doing great. Earnings earnings are strong. Consumer household balance sheets are strong. Wages are still relatively strong as well. And there's a strong kind of like very constructive view to putting your money in the markets today, even at these valuations.”
2025-10-03 · Masters in Business · BNY's Jose Minaya on How AI Is Transforming Asset Management · IDENTIFIED FROM THE TRANSCRIPT · source
“Because it's when are you going to get the returns for it? You know, clearly now that's come into a lot more clarity because where AI has begun to already yield returns for firms and BNY is no different is on the productivity side, right? You know, I think B&Y is one of the first firms to have digital employees. So digital employees that can work on real problems. And that's driving productivity increases. And that's kind of been a large part of the narrative with AI. Now the new narrative is it couldn't also provide value add. So again, as an investor, do you have the capability of instead of the old way of we're going to look at satellite pictures and see how many cars are on the driver? Well, now AI can actually track devices.”
2025-10-03 · Masters in Business · BNY's Jose Minaya on How AI Is Transforming Asset Management · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah, it's interesting. And honestly, I often, my narrative has changed. I used to say, look, AI is going to be very disruptive, but I have no idea if it's five years from now or 20 years from now. And by the way, that makes it very difficult to invest in it”
2025-10-03 · Masters in Business · BNY's Jose Minaya on How AI Is Transforming Asset Management · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah, so much that we used to talk about the concept of selling watches. I think that the world doesn't really, it's hard to sell watches now. People are looking for, they need, you know, our clients are getting more efficient. They need to scale their operations as well. And it's the idea of like, do I want to work with 150 managers? Or am I better off working with 20, 30, or 40? And if I'm going to go from 150 different types of managers, you know, to 20 or 30, how do I pick those 20 or 30? What's going to differentiate that? So I think a lot of that is what's driving the need for scale. It's what's driving the need for consolidation. And it's also driving a lot of innovation.”
2025-10-03 · Masters in Business · BNY's Jose Minaya on How AI Is Transforming Asset Management · IDENTIFIED FROM THE TRANSCRIPT · source
“They're playing a little catch up. They're doing better, but I think few are doing better, if any are doing better, than B&Y. Some of it goes back to that question you just asked me. Yeah, there's a lot of these way typically these conglomerates or these platforms would typically manage were very siloed. The ability to bring in the technology and the leadership to say, how do we have better connectivity across all our platforms is where the value proposition is. And the market is seeing that and the market is rewarding that.”
2025-10-03 · Masters in Business · BNY's Jose Minaya on How AI Is Transforming Asset Management · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah, well, look, I think BNY is often described as the Bank of Banks. Because again, it's kind of that broader provider. And in goes the opportunity set, right? Like, again, you look at the firm, I don't know, last I looked, the stock was about 106. In less than a three-year span or thereabouts from $40, it makes it one of the best performing kind of financial stocks.”
2025-10-03 · Masters in Business · BNY's Jose Minaya on How AI Is Transforming Asset Management · IDENTIFIED FROM THE TRANSCRIPT · source
“Day, my job is still very similar. It's about picking the right teams and people. We talk about two trillion dollars and I would tell you two trillion should go to $4 trillion. We don't own any of that money. The end of the day, our biggest value set of And obviously, the technology that we can offer those folks. But people is kind of really our business. And I've kind of seen my job today really as the chief people officer. For how we kind of build teams around this.”
2025-10-03 · Masters in Business · BNY's Jose Minaya on How AI Is Transforming Asset Management · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah, I think on one end of the spectrum is very similar to my previous role, which is BNY investments is an asset manager. You know, obviously it's a much bigger one than the firm I came from, but it's an asset manager. And there, you know, I'm the chief executive for that particular platform. We also have a wealth platform and very different from asset management. It's more dealing with individuals and advice, but there's also synergies in the business, right? Meaning if you're a wealth advisor, you're talking about how do you create investment products, how do you source them, well, we have investment products, and how do we make sure those two groups are talking to each other? What's the products that we're creating? If you're an asset manager, a big part of who our clients are are wealth advisors. So having a good understanding of kind of what wealth advisors need, it really helps to have a wealth advisor in-house. Sure. So I'm managing a larger platform, but at the end of the day,”
2025-10-03 · Masters in Business · BNY's Jose Minaya on How AI Is Transforming Asset Management · IDENTIFIED FROM THE TRANSCRIPT · source
“Other people are feeding it to grow it, and now I get the benefit of kind of being attached to it. And I think that connectivity around, hey, everything I do on the asset management side, you know, all those clients are purging, they buy that as well. Should we not be engaging with our clients to do more for them? It's like, sure, we're doing clearing for you and custody and offering you technology. We also have asset management. All of them, obviously, buy asset management. Well, so having those connective dots, I think, is a tremendous competitive advantage.”
2025-10-03 · Masters in Business · BNY's Jose Minaya on How AI Is Transforming Asset Management · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah, and that's important because, again, if you think about this, the model of tomorrow and what scale matters is, one, it's its own business and just kind of providing what Archer does to the broader community. We get it inside view and a home field advantage and getting it ourselves. Typically, if I build my own SMA platform, I have to not worry about how do I feed it to grow it.”
2025-10-03 · Masters in Business · BNY's Jose Minaya on How AI Is Transforming Asset Management · IDENTIFIED FROM THE TRANSCRIPT · source
“Asset managers traditionally, they're stock pickers or investors, they're not technology people. So you go to that platform and do that. Now, when I joined BNY, I'm like, okay, this is great. They've acquired Archer. I know that they have a great capability for doing this, and this is a growing market. And already our wealth platform is a client of Archer before it was even acquired. The asset management arm of V&Y was already a client, was acquired. Now, Archer is also free to grow because it services a broader capability. So if you're being services...”
2025-10-03 · Masters in Business · BNY's Jose Minaya on How AI Is Transforming Asset Management · IDENTIFIED FROM THE TRANSCRIPT · source
“Separately managed to count. So, again, now you go back to technology, meaning you may be able to manage bonds and equities and alternatives or even tax managed solutions. Believe it or not, bringing that together in a package for individuals takes technology.”
2025-10-03 · Masters in Business · BNY's Jose Minaya on How AI Is Transforming Asset Management · IDENTIFIED FROM THE TRANSCRIPT · source
“It's a technology platform for SMAs. So, i.e., your ability to clients want to be able to, we talked about solutions, your ability to go to an archer. And by the way, my previous job, Archer, I was a client of Archer.”
2025-10-03 · Masters in Business · BNY's Jose Minaya on How AI Is Transforming Asset Management · IDENTIFIED FROM THE TRANSCRIPT · source
“You know, being able to touch your clients in multiple ways and have broader technology, I am sitting in a spot where in all those platform operating models, I'm two of those, but I'm fitting in pretty well and trying to take the advantage of the other five or six that are around me. A great example of that is Archer. Archer is a...”
2025-10-03 · Masters in Business · BNY's Jose Minaya on How AI Is Transforming Asset Management · IDENTIFIED FROM THE TRANSCRIPT · source
“Other thing is that it has become a lot easier in my job. When you touch a fifth of the world's assets, most people are your clients. So having a conversation with potential clients is very easy to do. A lot of what you've seen, the recent success of BNY, and I think you said this earlier, is a collection of a lot of different things that were either acquired or built, is that, but it was also a very siloed organization for a while. The ability of having that cross-connection, if I look at a world that AI is going to be important,”
2025-10-03 · Masters in Business · BNY's Jose Minaya on How AI Is Transforming Asset Management · IDENTIFIED FROM THE TRANSCRIPT · source
“But they're also the clients of the firm. I'm an asset manager. A lot of my competitors are clients of B&Y as well. And then you think about the technology that it takes to do all that and grow that technology stack. I feel like a kid on a candy store for two reasons. One, that's a tremendous amount of infrastructure and capabilities that are there that I should have a home field advantage to”
2025-10-03 · Masters in Business · BNY's Jose Minaya on How AI Is Transforming Asset Management · IDENTIFIED FROM THE TRANSCRIPT · source
“Know, I think every challenge that's kind of really attracted me, including what kept me in my previous role and the different roles I was in, it was the opportunity for growth. And I think looking at B&Y and seeing where I believe the industry is going, just saw a tremendous opportunity of what is a true trillion dollar shop should easily be a $4 trillion shop, right? And you think about the ecosystem that we play in within BNY, right? As I mentioned, we We manage money for other people as an asset manager. We manage money also as a wealth platform for families and individuals. Yet we also service other wealth advisors through purging.”
2025-10-03 · Masters in Business · BNY's Jose Minaya on How AI Is Transforming Asset Management · IDENTIFIED FROM THE TRANSCRIPT · source
“That captures around almost three trillion in advisors capital that it's servicing through a technology in a service platform. It has an asset servicing arm. And that asset servicing is serving both asset managers and asset owners doing things like custody fund accounting. It has a treasury component as well. The other interesting thing about B&Y is it clears all the treasuries of the United States. So it's a GSIB. It's a significant bank and plays an important part in our financial system.”
2025-10-03 · Masters in Business · BNY's Jose Minaya on How AI Is Transforming Asset Management · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah, and I tell you, I think this has a lot to do with kind of the recent performance you're seeing about the firm because it's unlocking what we would describe as being Y is a platform operating, has a platform operating model, meaning it has multiple platforms. You know, of course, it has an asset manager and it has a wealth business. As we said, it's got a $2 trillion asset manager. It's got about a $350 billion private bank wealth platform. By the way, it also owns Purging.”
2025-10-03 · Masters in Business · BNY's Jose Minaya on How AI Is Transforming Asset Management · IDENTIFIED FROM THE TRANSCRIPT · source
“Alexander Hamilton It's the first company traded on the New York Stock Exchange. It was the first public company. Our first clients of the bank were George Washington and Eliza Hamilton. So it's just got incredible, incredible history.”
2025-10-03 · Masters in Business · BNY's Jose Minaya on How AI Is Transforming Asset Management · IDENTIFIED FROM THE TRANSCRIPT · source
“I got to add to that because I'm always fat. I will tell you even as I joined BNY, there were things I did not know. You know, obviously it's the first bank in the United States. It was the first bank to issue the first loan or warrant”
2025-10-03 · Masters in Business · BNY's Jose Minaya on How AI Is Transforming Asset Management · IDENTIFIED FROM THE TRANSCRIPT · source
“And I would argue and say, well, if it's no longer debatable that AI is here and it's going to be disruptive, it's going to make a difference. So if you believe that, you also have to believe that the firms who can invest in it are going to be the winners for tomorrow. Now, being able to invest hundreds of millions of dollars in AI, that takes significant scale. That takes kind of diversified businesses. Being able to hire engineers, right? So when I was sitting usually in the role of running an asset management shop, it's very hard for me to even say, how am I even going to attract engineers from Silicon Valley? How am I going to be able to pay them? Well, B&Y is a massive text. Like they can attract a lot of engineers. They can attract a lot of investment in AI. I just happen to be in that realm part of that universe. And I'm going to be able to benefit from that technology.”
2025-10-03 · Masters in Business · BNY's Jose Minaya on How AI Is Transforming Asset Management · IDENTIFIED FROM THE TRANSCRIPT · source
“I'm not an expert on custody. I work at a firm that has experts. And you're quickly learning. And what's important there, I go back to, hey, but what I do understand, even though I know what I don't know, is this matters to my clients. So all of a sudden, if I am trying to think about, hey, how am I pitching my services to clients in Asia and around the globe? And I have a differentiating factor, meaning I can help you go to T plus zero. That is a differentiator from a relationship perspective. And this is what I mean by where today there's so much more consolidation in the asset management industry because scale is important. And why is scale important? Because you then need to be able to service and invest in these technologies to service your client. AI is a big topic today.”
2025-10-03 · Masters in Business · BNY's Jose Minaya on How AI Is Transforming Asset Management · IDENTIFIED FROM THE TRANSCRIPT · source
“And again, I will tell you for me, I was having a conversation with our CEO about this the other day where I'm like, one of the other things I love about my career right now, look, it's been a long time since I've walked into rooms and I'm learning something. Because typically, you know, I was a subject mat header expert and typically most rooms that I walked into, I felt like I was the expert in that category. I'm not an expert on tokenization.”
2025-10-03 · Masters in Business · BNY's Jose Minaya on How AI Is Transforming Asset Management · IDENTIFIED FROM THE TRANSCRIPT · source
“That's meaning Things like that. And it's one of the it is the largest custodian in the world in general. So clearing something becomes a lot easier when it's all sitting inside. I mean, think about a warehouse. If I don't have to move it from one warehouse to the other, that makes life a lot easier. So from”
2025-10-03 · Masters in Business · BNY's Jose Minaya on How AI Is Transforming Asset Management · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah, I think obviously the blockchain technology is one component. The other component is the fact that one of the reasons BNY can lead in this area is that it custodies around 80 plus percent of the digital assets.”
2025-10-03 · Masters in Business · BNY's Jose Minaya on How AI Is Transforming Asset Management · IDENTIFIED FROM THE TRANSCRIPT · source
“And it's a big difference, and your ability, again, to potentially earn a yield in that process also, right? In that whole T plus one and that 24 hours, in many cases, you're not able to earn a yield while that money is clearing.”
2025-10-03 · Masters in Business · BNY's Jose Minaya on How AI Is Transforming Asset Management · IDENTIFIED FROM THE TRANSCRIPT · source
“That's a big component. So that's creating that liquidity where if you had to wait 24 hours. Now you can wait a lot less than 24 hours. The other thing that it helps do is also kind of you're able to earn a yield on.”
2025-10-03 · Masters in Business · BNY's Jose Minaya on How AI Is Transforming Asset Management · IDENTIFIED FROM THE TRANSCRIPT · source
“The simplest way that I think about tokenized assets is it's an ability to again be more liquid, meaning if you were in a T plus one scenario, You have the ability to be in a T plus five minutes.”
2025-10-03 · Masters in Business · BNY's Jose Minaya on How AI Is Transforming Asset Management · IDENTIFIED FROM THE TRANSCRIPT · source
“Then, what is the difference? The difference in what is the tip of the spear is technology. You hear about tokenized assets, which of which BNY is on the forefront. That's just about helping clients move money quicker.”
2025-10-03 · Masters in Business · BNY's Jose Minaya on How AI Is Transforming Asset Management · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah, there's almost $60 trillion. Call it 55 56 trillion to be exact that the bank is touching. And it's either managing these assets. It's either custody these assets, or it's helping move kind of the global financial markets around. That is tremendous kind of access points to someone like me sitting as an asset manager because I'm working at a firm that is one of the largest asset servicers in the world. It also is one of the largest servicers to wealth platforms, i.e. registered investment advisors. Well, I have a wealth platform. I manage an investment platform. How do I get advantage of the fact that there's tremendous technology being invested to help serve asset managers? And if I go back to a comment that we talked about previously, which is if the world's becoming more commoditized with performance and cost,”
2025-10-03 · Masters in Business · BNY's Jose Minaya on How AI Is Transforming Asset Management · IDENTIFIED FROM THE TRANSCRIPT · source
“Now, if I fast forward to my opportunity going to BNY. Now, look, I had that journey in my previous life, what I saw in BNY is where the industry is going, right? BNY, obviously, is two times the size of where I came from, but it's also part of B&Y the bank. And BNY, the bank touches about a fifth of the world's investable assets. So there's almost 60%. That's amazing.”
2025-10-03 · Masters in Business · BNY's Jose Minaya on How AI Is Transforming Asset Management · IDENTIFIED FROM THE TRANSCRIPT · source
“That follows it. So, the simple kind of math on these things are I'm clipping a coupon. So there's a yield component, and it's a pretty steady one. I have a gold-like protection because if you think about what do I own, I own farmland in a particular case. Well, that produces a need for society in perpetuity. So there's a certain kind of protection in your principle in owning that or wind farms. Just again, there's intrinsic value. I have a yield, but it's usually tied to a commodity. And because of that, there's also an inflation hedge component to it. And it brings down my volatility because it's again, it's more of that consistent return profile. So it plays that part in portfolios that it gives a yield. It gives it in a way that should be pretty kind of high sharp ratio, lower volatility. Now, today, that market is starting.”
2025-10-03 · Masters in Business · BNY's Jose Minaya on How AI Is Transforming Asset Management · IDENTIFIED FROM THE TRANSCRIPT · source