September 12, 2012
JERSEY CITY, N.J., — Pershing LLC, a BNY Mellon company, today announced the membership of Pershing Securities Canada Limited (Pershing), its new Canadian affiliate, with the Toronto Stock Exchange. Pershing will offer the same breadth of products, services, solutions and technology to locally registered Canadian advisors and broker-dealers that Pershing delivers to its U.S. customers.
“We have been working with the Canadian financial community for more than 35 years. Now with the launch of our Pershing Canada affiliate, we can provide a full array of custody, clearing and execution services to the Canadian investment community,” said Frank LaSalla, CEO of Pershing Securities Canada Limited, and Managing Director at Pershing. “This launch is a logical extension of our global strategy and affords us the opportunity to deepen the relationships we’ve already developed in the Canadian market.”
Pershing’s Canadian affiliate has successfully completed its initial testing and has planned a phased launch that will start with its first client (Pershing LLC in the U.S.) being brought onto the platform in the fourth quarter of 2012. Following this onboarding, Pershing plans to begin the process of adding Canadian firms who are regulated by the Investment Industry Regulatory Organization of Canada (IIROC). Pershing plans to first offer its solutions to institutional firms that are IIROC members, followed by retail-oriented IIROC members.
In addition, Pershing is planning the development of a new office with on-the-ground staff in Toronto, Canada. These members of the Pershing team will be tasked with servicing customers in the institutional and retail broker-dealer community as well as the investment advisor space in Canada.
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 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.