How is that transition going from the investment bank world to the custodian world at Bank of New York?

It's a great question.

It's one I've received frequently over the best part of the last nine to 10 months of moving.

You're absolutely right.

While I was at Goldman, I was on the financial resource management liability and financing side of the business, really helping Goldman to manage its funding requirements across the various different trading businesses, a lot of resource management, and essentially being a borrower.

It is different now being a lender.

If I think about the transition, I sort of break it up into three parts, culture, people, and business.

And of course, what are the benefits about having oversight on both products? It's