R&T Deposit Solutions appoints Susan Cosgrove as new CEO
R&T Deposit Solutions (R&T), a New York-based provider of deposit and lending solutions, has named Susan Cosgrove its new chair and CEO, effective 16 January.

R&T Deposit Solutions names Susan Cosgrove as new CEO (Image: LinkedIn)
Cosgrove takes the company reigns from Joe Jerkovich, who announced his retirement earlier this month after leading the company since January 2022. Jerkovich will continue as a strategic advisor to Cosgrove.
The incoming CEO brings extensive knowledge of R&T, having acted as the firm’s executive chairman for the past year.
During her tenure, she is credited with contributing to the company’s transformation, which has included “enhancing operational resiliency, investing in digital capabilities and services, and putting in place an executive leadership team with deep expertise and complementary skills”, according to an R&T statement.
One of these recent leadership additions includes former Bank of America managing director Mieko Shibata, who was appointed R&T’s chief information officer in May.
For most of her career, Cosgrove has been with the Depository Trust & Clearing Corporation (DTCC), a post-trade market infrastructure provider, where she spent the last 25 years serving as managing director and CFO.
Operating since 1974, R&T serves US banks and financial institutions with solutions for deposit funding, liquidity management, and securities-based lending.