March 29, 2012
JERSEY CITY, N.J. — Pershing LLC, a BNY Mellon company, today announced its prime brokerage business received the Best North American Prime Broker Award at the 2012 Hedgeweek Global Awards ceremony in London.
The winners of this year's awards were determined by votes cast by Hedgeweek subscribers— which includes institutional investors, wealth advisors and managers. Voters once again distinguished Pershing Prime Services’ offering based on a number of criteria including excellent client service, consistency and ease of doing business.
"It is an honor to be recognized by global industry professionals for our leadership in the prime brokerage business," said Gerry Tamburro, managing director of Pershing Prime Services. "This award reflects our commitment to providing our customers with unmatched service and operational support and offering customers ongoing opportunities to grow their business. We appreciate their recognition of this continued effort."
The Hedgeweek recognition marks the second award Pershing Prime Services has received in the past year from Hedgeweek. In June of 2011, Pershing earned top honors as the Best Prime Broker at the inaugural U.S. Hedgeweek Awardsceremony in New York. Pershing Prime Services was also named for the second year in a row as HFMWeek’s Best Prime Broker — Custodial Solution in October of 2011.
Pershing Prime Services delivers an unconflicted, comprehensive suite of global prime brokerage solutions. This includes extensive access to securities lending, dedicated client service, robust technology and reporting tools, worldwide execution and order management capabilities, a broad array of cash management products and the integrated platform of BNY Mellon. Pershing Prime Services is a service of Pershing LLC.
About Pershing Prime Services
Pershing Prime Services, the New Model Prime BrokerTM, delivers a comprehensive suite of prime brokerage solutions. We provide stable counterparty strength, extensive access to lendable securities, alternative sources of finance, dedicated client service, robust reporting tools, global execution and custodial solutions through the integrated platform of BNY Mellon. Pershing Prime Service is a service of Pershing LLC (member FINRA/NYSE/SIPC), a BNY Mellon company.
About BNY Mellon's Pershing
BNY Mellon’s Pershing and its affiliates provide advisors, broker-dealers, family offices, hedge fund and ’40 Act fund managers, registered investment advisor firms and wealth managers with a broad suite of global financial business solutions. Many of the world’s most sophisticated and successful financial services firms rely on Pershing for clearing and custody, investment and retirement solutions, technology, enterprise data management, trading services, prime brokerage and business consulting.
Pershing helps clients improve profitability and drive growth, create capacity and efficiency, attract and retain talent, and manage risk and regulation. With a network of 23 offices worldwide, Pershing provides business-to-business solutions to clients representing approximately 7 million investor accounts globally. Pershing LLC (member FINRA, NYSE, SIPC) is a BNY Mellon company. Additional information is available on pershing.com, or follow us on Twitter @Pershing.
About BNY Mellon
BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 35 countries. As of December 31, 2018, BNY Mellon had $33.1 trillion in assets under custody and/or administration, and $1.7 trillion in assets under management.
BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com. Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news.