Pershing Wins Top Hedge Fund Award for the Third Year in a Row at HFMWeek Awards

October 22, 2012

JERSEY CITY, N.J., — Pershing LLC, a BNY Mellon company, today announced that its prime brokerage unit was named 'Best Prime Broker—Custodial Solution' for the third time in as many years at HFMWeek's US Hedge Fund Services Awards ceremony in New York.

The honor was awarded to Pershing following a vote by a panel of independent judges, which assessed entrants based on financial progress, growth and genuine innovation. A variety of factors led the panel to grant Pershing the award, including: excellent client service, consistency and ease of doing business. Pershing enhanced its offering this year with the launch of two innovative collateral management tools, PrimeConnect™ and PrimeConnect40™, which provide control and transparency to hedge fund and '40 Act fund customers with online, same-day collateral movement, which generates operational efficiencies and cost-savings.

"To be named Best Prime Broker—Custodial Solution three years in a row by HFMWeek is a great honor," said Gerry Tamburro, managing director of Pershing's prime brokerage unit. "We work every day to make our customers successful and we are extremely pleased to see that effort recognized with this award."

The HFMWeek award is the latest in a series of honors Pershing Prime Services has received this year. Pershing was named Best North American Prime Broker in the 2012 Hedgeweek Global Awards. The firm also received two top rated awards, five commendations and 41 "best in class" recognitions following the 2012 Prime Brokerage survey by Global Custodian.

About BNY Mellon's Pershing

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.