Cohen & Steers Announces Leadership Transition
Cohen & Steers, Inc. (NYSE: CNS) has recently shared important news regarding a leadership change in its finance department. Raja Dakkuri, who has been serving as the Executive Vice President and Chief Financial Officer, has chosen to resign from his position. His departure comes as a result of him seeking new opportunities, which has led the company to begin the process of finding a suitable successor.
Interim CFO Appointment
Following Mr. Dakkuri's departure, Cohen & Steers is appointing Michael Donohue as the Interim Chief Financial Officer. Mr. Donohue currently holds the role of Senior Vice President and Controller and has been with the firm since May 2023. His deep understanding of the company’s financial practices and his extensive experience in accounting will serve him well as he steps into this interim role.
Quotes from Leadership
Joseph Harvey, Chief Executive Officer of Cohen & Steers, expressed appreciation for Mr. Dakkuri's contributions to the firm, stating, "Raja has made a positive impact on our firm and finance department. We thank him for his contributions to Cohen & Steers and wish him continued success." He also praised Mr. Donohue’s qualifications, emphasizing that his experience prepares him to lead effectively during this transition.
Michael Donohue's Background
Before joining Cohen & Steers, Mr. Donohue had a successful tenure at Hamilton Lane. There, he served as a Managing Director and Corporate Controller, playing a pivotal role in leading the team involved in the firm’s initial public offering in 2017. His previous experience also includes positions at PQ Corporation and KPMG, each contributing to his solid foundation in finance and accounting.
About Cohen & Steers
Founded in 1986, Cohen & Steers has established itself as a leader in global investment management, with a focus on real assets and alternative income. The firm excels in managing listed and private real estate, preferred securities, infrastructure, resource equities, commodities, and multi-strategy solutions. With a robust presence not only in New York City but also in London, Dublin, Hong Kong, Tokyo, and Singapore, Cohen & Steers continues to expand its footprint across global markets.
Contact Information
For further information regarding this transition or to know more about Cohen & Steers, please reach out to Robert Klemens, Vice President of Communications. He can be contacted via phone or through their official website. The firm remains committed to transparent communication during this transition phase.
Frequently Asked Questions
Who is the new Chief Financial Officer at Cohen & Steers?
Michael Donohue has been appointed as the Interim Chief Financial Officer following Raja Dakkuri's resignation.
What prompted Mr. Dakkuri's resignation?
While specific details were not disclosed, Mr. Dakkuri has chosen to pursue another opportunity outside the firm.
How long has Michael Donohue been with Cohen & Steers?
Michael Donohue has been with Cohen & Steers since May 2023, serving as Senior Vice President and Controller.
What does Cohen & Steers specialize in?
Cohen & Steers specializes in real assets and alternative income, including investment management in various sectors like real estate, commodities, and securities.
Where can I find more information about Cohen & Steers?
For more information, visit the official website of Cohen & Steers where detailed insights and updates are regularly posted.
