Wall Street Frets Over Its Clout as ‘Champion’ Cuomo Exits (1)

For a decade, Wall Street learned to get along with New York Governor Andrew Cuomo as he picked regulators and pumped money into projects backed by the industry. Now that his successor is preparing to clean house, executives are worrying: Will she end the status quo?

Behind the scenes, senior executives are expected to reach out soon to Lieutenant Governor Kathy Hochul, 62, who’s set to become the state’s first female governor when Cuomo departs this month over a sexual harassment scandal. Industry insiders who know Hochul view her as a stable, competent leader who won’t diverge from Cuomo’s ...