Cohen & Steers CFO Raja Dakkuri to step down in October

NEW YORK - Investment manager Cohen & Steers, Inc. (NYSE:CNS) announced Monday that Executive Vice President and Chief Financial Officer Raja Dakkuri will resign from the company effective October 17, 2025, to pursue another opportunity.

The company has appointed Michael Donohue, Senior Vice President and Controller, to serve as Interim Chief Financial Officer following Dakkuri’s departure. Cohen & Steers has begun a search for a permanent successor that will include both internal and external candidates.

"Raja has made a positive impact on our firm and finance department," said Joseph Harvey, Chief Executive Officer, in a press release statement.

Donohue has served as Senior Vice President and Controller at Cohen & Steers since May 2023. Prior to joining the company, he was Managing Director and Corporate Controller at Hamilton Lane, where he helped lead the firm’s IPO in 2017. His previous experience includes roles as Assistant Controller at PQ Corporation and as a Manager at KPMG.

Cohen & Steers specializes in real assets and alternative income investments, including real estate, preferred securities, infrastructure, and commodities. Founded in 1986, the firm is headquartered in New York City with additional offices in London, Dublin, Hong Kong, Tokyo and Singapore.

In other recent news, Cohen & Steers reported its financial results for the second quarter of 2025. The company announced earnings per share of $0.73, which did not meet the forecasted $0.76. However, Cohen & Steers exceeded revenue expectations, bringing in $136.13 million compared to the projected $133.19 million. Additionally, the firm declared a quarterly cash dividend of $0.62 per share for the third quarter of 2025, payable on August 21 to shareholders of record as of August 11. In another development, Cohen & Steers has amended its existing credit agreement with Bank of America. The updated agreement enhances the company’s senior unsecured revolving credit facility, allowing for up to $100 million in borrowing capacity, with a maturity date set for August 15, 2029. Bank of America serves as the administrative agent, while State Street Bank and Trust Company acts as the syndication agent. These are the latest developments concerning Cohen & Steers.

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