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.
Pershing and its affiliates provide global financial business solutions to advisors, asset managers, broker-dealers, family offices, registered investment advisor firms and wealth managers. A financial services firm located in 23 offices worldwide, Pershing provides business-to-business solutions to clients representing 6 million active investor accounts on the U.S. platform. Pershing affiliates are members of every major U.S. securities exchange, and its international affiliates are members of the Deutsche Börse, Australian Stock Exchange, Irish Stock Exchange, London Stock Exchange and Toronto Stock Exchange. 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 and more than 100 markets. As of June 30, 2016, BNY Mellon had $29.5 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.