Frank La Salla

   Francis La Salla
   Managing Director and member of the Executive Committee
   Pershing LLC, a subsidiary of The Bank of New York Mellon Corporation

 

Francis La Salla is a Managing Director and a member of the Executive Committee for Pershing LLC, where he is responsible for the Global Securities Services (GSS) and Corporate Development Groups. He manages Pershing's non-U.S. dollar global securities business in the United States, as well as Pershing Securities Limited in the United Kingdom; Pershing Securities International Limited in Dublin, Ireland; Pershing GSS in Singapore; and Pershing Limited in Melbourne, Australia. Mr. La Salla is responsible for all Pershing customers who are active in non-U.S. dollar-denominated securities, as well as non-U.S. customers who are active in the U.S. and non-U.S. securities markets.

Prior to the acquisition of Pershing by The Bank of New York in May 2003, Mr. La Salla was the President and Chief Operating Officer of BNY Clearing Services LLC, a Bank of New York Company. In this capacity, he was responsible for the firm's Global Clearing Division in New York and was the Chief Executive Officer of the firm's London affiliate, BNY Clearing Services International Ltd. Mr. La Salla was previously Chief Executive Officer of BHF Securities Corporation, the U.S. broker-dealer subsidiary of Germany's BHF-BANK AG. Under his direction, BHF Securities grew into a highly specialized firm, providing domestic and international institutional execution and clearing services for broker-dealers, investment banks, money managers, and institutional funds. In July 2000, the firm was purchased by The Bank of New York and became known as BNY Clearing Services LLC. From 1989 to 1994, Mr. La Salla was Managing Director and Chief Operating Officer of Société Générale Securities Corporation, where he was responsible for developing the French financial institution's U.S. brokerage business. During his tenure, Société Générale Securities expanded its operations to include institutional stock broking, securities lending, derivatives, and research activity. Mr. La Salla has numerous industry registrations, as well as a defined expertise in international equities trading and foreign exchange. He is a frequent guest on financial news programs, including programs on CNBC, Fox News, CNN, and Bloomberg radio. In addition, he participates in the Financial Industry Regulatory Authority Board of Arbitrators and is a member of the Securities Industry and Financial Markets Association's Cross-Border Subcommittee. Mr. La Salla earned a Bachelor of Science degree in Economics from The City University of New York at Staten Island and a Master of Business Administration degree in Finance from Wagner College in New York.