“Our project commits to achieving positive underlying growth this year across almost all of our businesses, with particularly healthy growth coming from Asset Servicing, Pershing and Treasury Services.”

In context

“than our people. And so, all of our staff have had the opportunity to take an active role in this initiative by submitting ideas for how we can run the company in a better way for all our stakeholders. To date, we've approved about 1,500 high quality ideas, of which about 200 are already completed and another 500 are on track to be implemented this year with a meaningful amount of these ideas requiring little upfront investment. Emily will cover this in more detail, but as a result of these initiatives and our renewed determination, we expect to achieve nearly double the amount of efficiency savings this year compared to what we achieved in any of the recent years. But our priorities are, of course, not just about managing expenses. We are also focused on reinvigorating profitable growth. Our project commits to achieving positive underlying growth this year across almost all of our businesses, with particularly healthy growth coming from Asset Servicing, Pershing and Treasury Services. We will continue full speed ahead with our critical long-term growth investments that I mentioned earlier with clear and specific targets that we expect the teams to hit over the course of the year. Lastly, on the top-line, our priorities include goals for our ONE BNY Mellon program, which incentivizes cross business referrals and development of innovative, multi-business solutions that only BNY Mellon's unique collection of businesses is equipped to provide. In 2022, we saw good initial momentum and we surpassed our initial goal for the year, and we intend to deliver a further pickup in 2023 as we increasingly sell our platform and better connect the dots for our clients. Finally, on capital management, I'll highlight that our Board of Directors has authorized a new $5 billion share repu”