Rich Brueckner, Chairman and CEO of Pershing and a member of The Bank of New York Mellon's Executive Committee, has been elected to the Financial Industry Regulatory Authority (FINRA) Board of Governors. The elections marked the first held by FINRA, a self-regulatory agency formed earlier this year through the consolidation of the NASD and the regulation, enforcement, and arbitration functions of the New York Stock Exchange (NYSE).

A total of seven industry seats were voted on by small, medium, and large broker-dealer firm members. All members of FINRA's Board are slated to serve three-year terms. The inaugural FINRA Board will play a crucial oversight role in helping to create and modernize a self-regulatory model for FINRA members and setting the priorities for future Boards.

"I am excited about the opportunity to work closely with my fellow Board members and member firms to help modernize the regulatory landscape for the benefit of our industry," Rich said. "This is an incredibly turbulent time for global capital markets and member firms are looking for sound leadership to help them navigate through uncharted waters. I am committed to acting as a strong advocate on behalf of FINRA's member firms to guide policy that will have a tangible impact on members' businesses."

Rich has planted deep roots throughout many important regulatory bodies and industry committees over the years. He has previously served as a Governor of the NASD and a Director of NASD Regulation, as well as Chairman of the organization's National Adjudicatory Council and New York District Committee. He is also is on the Board of Directors of the Securities Industry and Financial Markets Association (SIFMA) and serves as SIFMA's co-Treasurer; co-Chair of the Audit and Finance Committee; and as a Trustee of SIFMA's Foundation for Investor Education.

Pershing, a subsidiary of The Bank of New York Mellon Corp., is a leading global provider of financial business solutions to more than 1,150 institutional and retail financial organizations and independent registered investment advisors who collectively represent over five million active investors.

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