Skip to content
The Trust Dividend in Partner Banking
R&T Logo, Blue
  • Solutions
    • DDM®
    • CDMX℠
    • RTID®
    • Funding
  • Who We Serve
    • Depository Institutions
    • BaaS Banks
    • FinTechs
    • Trust Companies
    • Broker-Dealers
  • About R&T
    • Why R&T
    • Events
    • Testimonials
    • Leadership Team
    • Receiving Institution Lists
  • Technology
  • Resources
    • News & Insights
    • Collateral
    • Videos
    • Use Cases
    • Podcasts & Webinars
Contact Us
Contact Us
  • Solutions
    • DDM®
    • CDMX℠
    • RTID®
    • Funding
  • Who We Serve
    • Depository Institutions
    • BaaS Banks
    • FinTechs
    • Trust Companies
    • Broker-Dealers
  • About R&T
    • Why R&T
    • Events
    • Testimonials
    • Leadership Team
    • Receiving Institution Lists
  • Technology
  • Resources
    • News & Insights
    • Collateral
    • Videos
    • Use Cases
    • Podcasts & Webinars
Contact Us
Back to News & Insights

R&T Deposit Solutions Strengthens C-Suite with Two Executive Appointments

August 8, 2024

Michelle Barone Named Chief Revenue Officer and Joe Carroll Named Chief Operating Officer to Drive R&T’s Next Chapter of Growth

NEW YORK, August 8, 2024 – R&T Deposit Solutions (“R&T”), a leading provider of tech-enabled cash management and deposit solutions programs, announced today the appointments of Michelle Barone as Chief Revenue Officer and Joe Carroll as Chief Operating Officer. With over 40 years of combined experience, Ms. Barone and Mr. Carroll bring extensive expertise in financial technology and business development to R&T.

In her role as Chief Revenue Officer, Ms. Barone will oversee R&T’s growth and go-to-market strategies, partnering across all areas of the company. She will lead the company’s sales, relationship management and revenue operations teams. Ms. Barone joins R&T following a 25-year tenure at FIS, a leading global provider of financial services technology solutions, where she held various senior roles leading Sales and Account Management and FIS’ Corporate Liquidity business in North America, focusing on Treasury products. Prior to FIS, Ms. Barone worked at JP Morgan Chase as Assistant Treasurer, where she led teams in the Cash Management and Electronic Banking groups.

As Chief Operating Officer, Mr. Carroll will lead the company’s business operations and client lifecycle management teams, driving modernization and scalability. He joins R&T from Bartlett Wealth Management, where he served as Director of Strategy and Business Operations. Mr. Carroll previously spent eight years with Public Trust Advisors LLC, holding positions including Chief Operating Officer, Chief Development Officer, and Vice President of Investment Advisory Services. He is also a US Army veteran, having served in the 1/75th Ranger Regiment.

“We are thrilled to welcome Michelle and Joe to our executive team,” said Susan Cosgrove, R&T’s Executive Chairperson. “They are seasoned executives who bring extensive business acumen, a digital-savvy approach and a client-focused mindset. Their presence will further enhance our go-to-market capabilities, driving growth and fostering stronger client relationships.”

In recent years, R&T has made substantial investments to position itself for future growth, including expanding its product offerings and bolstering its executive team. In September 2023, Susan Cosgrove joined R&T as Executive Chairperson, partnering with CEO Joe Jerkovich to drive the company’s strategy following a substantial new growth investment. Since then, the company has built out its senior team with several key hires, including the appointment of Christopher Gerosa as Chief Financial Officer, Jason Mull as Chief Risk Officer & Chief Information Security Officer, and Mieko Shibata as Chief Information Officer.

Previous
Next

Media Contact

Melissa Kaiser
Director, Marketing

  • 1-212-830-5242
  • mkaiser@rnt.com

Don’t Miss Out on the Latest Insights.

Follow us on: image/svg+xml

Interested?

Learn how we can help you attract, grow & retain more deposits.

Contact Us

You are now leaving rnt.com

Stay on site

OR

Click to Continue
R&T Logo, White
aba partner network premiere
great place to work certified badge
  • 1-866-237-2752
  • info@rnt.com
  • 1370 Broadway, 17th Floor
    New York, NY 10018-7302
  • LinkedIn
  • Solutions
    • DDM®
    • CDMX℠
    • RTID®
    • Funding
  • Who We Serve
    • Depository Institutions
    • BaaS Banks
    • FinTechs
    • Trust Companies
    • Broker-Dealers
  • About R&T
    • Why R&T
    • Events
    • Testimonials
    • Leadership Team
    • Receiving Institution Lists
  • Technology
  • Resources
    • News & Insights
    • Collateral
    • Videos
    • Use Cases
    • Podcasts & Webinars

R&T Deposit Networks, LLC, R&T Deposit Marketplace, LLC, R&T Deposit Solutions, LLC and R&T Deposit Programs, LLC (each d/b/a R&T Deposit Solutions), each a Delaware limited liability company, (together, “R&T”) provide administrative, recordkeeping, and/or other services to banks, credit unions, trust companies, wealth management firms, broker-dealers and other institutions with respect to deposit placement and sweep programs, including the Demand Deposit Marketplace® (DDM®), Certificate of Deposit Marketplace Exchange℠ (CDMX℠) and R&T Insured Deposits℠ (RTID®) programs, as well as other services. An affiliate of R&T, Stable Custody Group II LLC (“Stable”), acts as agent of participating sending institutions under the DDM and CDMX programs.  R&T and Stable, together, “we”, “us” or “our”.  All of our services are provided subject to the terms and conditions of the written agreements and/or agency appointments between us and our clients with respect to those services, and we provide no representations or warranties, express or implied, except as expressly set forth in those written agreements and/or appointments. Click here for our legal and other disclosures. We are not an FDIC or NCUA-insured institution. FDIC insurance only covers the failure of an FDIC-insured institution. NCUA insurance only covers the failure of an NCUA-insured institution.  Certain conditions must be satisfied for FDIC and NCUA pass-through deposit insurance coverage to apply. Click here for a list of the FDIC and NCUA-insured institutions with which R&T has a direct or indirect business relationship for the placement of deposits under the DDM, CDMX, and RTID programs, and into which a participating institution may place deposits (subject to the terms of those programs and any opt-outs by the participating institution and/or its customers).  While the DDM, CDMX, and RTID programs provide access to an expanded level of FDIC or NCUA deposit insurance coverage on funds placed into the programs (subject to program terms and applicable laws, regulations and guidance, including pass-through insurance coverage requirements), the DDM, CDMX and RTID programs, themselves, as well as our other service offerings, are not insured or guaranteed by the FDIC or NCUA, are not deposits, and may lose value. We are not an affiliate of an FDIC or NCUA-insured institution, we are not an office, division, or sub-division of the FDIC or NCUA, and we are not associated with the FDIC or NCUA or office, division, or sub-division thereof. The primary objective of the DDM, CDMX, and RTID programs is to provide customers with convenient access to expanded deposit insurance coverage on their funds (and not for investment enhancements, higher rates of returns or profits). R&T®, Reich & Tang®, Demand Deposit Marketplace®, DDM®, DepositView® and RTID® are registered marks of R&T Deposit Networks, LLC. CDMX℠ is a pending mark of R&T Deposit Networks, LLC. IDEA℠ , Certificate of Deposit Marketplace Exchange℠ , R&T Insured Deposits℠ and R&T Connect℠ are unregistered service marks of R&T Deposit Networks, LLC.

© 2026 R&T Deposit Networks, LLC

  • Privacy Policy
  • Privacy Policy – CA
  • Terms of Use
  • Legal Disclosures
  • Receiving Institution Lists
  • DDM Program Limit
  • Do Not Share My Personal Information
  • Cookies