| BNY Mellon's Pershing Unit Introduces Nexus Execution Services, Pershing's Multi-Asset Class Trading Solution February 25, 2010 - LONDON (UK), — Pershing Limited, a BNY Mellon company, announced today that it has introduced Nexus Execution Services, Pershing's new multi-asset class execution service for private client firms. This new offering provides integrated agency execution through Nexus, Pershing's proprietary technology platform. |
| BNY Mellon's Pershing Unit Receives Number One Ranking for Its Customer Account Statement in Annual DALBAR Survey February 17, 2010 - JERSEY CITY, N.J., — Pershing LLC, a BNY Mellon company, announced today that for the second consecutive year, its customer account statements received the number one ranking from DALBAR Communications in its 12th Annual Trends and Best Practices in Investor Statements for the Brokerage Industry survey. Pershing was also recognized with DALBARs prestigious "Excellent" designation. Pershing's statement first received the designation of "Excellent" in 2004 and has maintained this ranking over the past six years. |
| BNY Mellon to Acquire PNCs Global Investment Servicing Business February 02, 2010 - NEW YORK, N.Y., — BNY Mellon (NYSE: BK), the global leader in asset management and securities servicing, today announced a definitive agreement to acquire PNC's Global Investment Servicing Inc. (GIS) business, a leading provider of custody, fund accounting, transfer agency and outsourcing solutions for asset managers and financial advisors. The acquisition will enhance BNY Mellon's leadership position supporting fund managers and financial advisors globally across several business lines while providing the potential for significant revenue and expense synergies. |
| BNY Mellon's Pershing Advisor Solutions Unit Releases New Study Focusing on Mergers and Acquisitions Activity for Independent Registered Investment Advisors December 09, 2009 - JERSEY CITY, N.J., — A new independent study published by Pershing Advisor Solutions LLC, a BNY Mellon company, and FA Insight finds that while merger and acquisition (M&A) activity slowed during the economic downturn, transactions among independent registered investment advisory (RIA) firms are poised for resurgence, as a new market environment emerges and the pool of potential buyers undergoes dramatic change. |
| BNY Mellon's Pershing Unit Releases New Independent Study Focusing on the Evolving Competitive Landscape November 09, 2009 - JERSEY CITY, N.J., — Pershing LLC, a BNY Mellon company, and Finadium LLC, have published a new independent study that examines the continued emergence of investment managers in the equity long and short marketplace and their convergence with hedge funds. |
| BNY Mellon Receives Banking Licence in Ireland October 29, 2009 - DUBLIN, — BNY Mellon, the global leader in asset management and securities servicing, has received approval from the Irish Financial Regulator to establish a new bank licensed entity in Ireland. |
| BNY Mellon's Pershing Unit Expands Suite of SWIFT Messaging Capabilities for Global Financial Services Organizations October 14, 2009 - JERSEY CITY, N.J., — Pershing LLC, a BNY Mellon company, announced today that it has expanded its Society for Worldwide Interbank Financial Telecommunication (SWIFT) messaging capabilities for its introducing broker-dealer customers. The enhanced SWIFT offering provides financial services organizations with access to a wide range of secure financial messages which enables them to communicate more efficiently and effectively with Pershing across critical business and operational areas. |
| BNY Mellon's Pershing Unit Continues to Expand FundVest® Platform October 07, 2009 - JERSEY CITY, N.J., — Pershing LLC, a BNY Mellon company, announced today that it has added Franklin Templeton Investments and MFS Investment Management to FundVest®, Pershing's no-transaction-fee mutual fund platform. |
| BNY Mellon's Pershing Unit Releases New Whitepaper Focusing on Outsourcing Solutions for Hedge Funds October 05, 2009 - JERSEY CITY, N.J., — Pershing LLC, a BNY Mellon company, and Aite Group LLC have published a new whitepaper that examines critical hedge fund operations and provides managers with best practices and a systematic framework for helping them select and effectively manage relationships with third-party outsourcing solution providers. |
| BNY Mellon's Pershing Unit Announces Enhanced Lockwood AdvisorFlex Portfolios Solution with Objectives-Based Asset Allocation Models and New Analytical Tools September 21, 2009 - MALVERN, PA, - Pershing LLC, a BNY Mellon company, announced today that its affiliate, Lockwood Advisors, Inc. (Lockwood) has enhanced its Lockwood AdvisorFlex Portfolios (AdvisorFlex) solution for Pershings introducing broker-dealer and independent registered investment advisor (RIA) customers. AdvisorFlex now offers a broader range of portfolio construction and reporting solutions, including objectives-based asset allocation strategies, an expanded suite of investment selections and new analytical tools designed to provide increased transparency around portfolio holdings. |