October 18, 2012
JERSEY CITY, N.J — Pershing LLC, a BNY Mellon company, today announced that Frank J. LaSalla, managing director at Pershing LLC, chairman and chief executive officer of Pershing LTD and a member of BNY Mellon’s operating committee, has been named to the board of directors of both Euroclear plc and Euroclear SA/NV. Headquartered in Brussels, Euroclear is the world’s largest provider of domestic and cross-border settlement and related services for bond, equity, derivatives and fund transactions. The board is responsible for the overall development of Euroclear’s strategy, as well as the monitoring of its implementation.
"This is a critical time for the European financial services industry, and I’m enthusiastic about the prospects of contributing to the smooth operation of the financial system through the work of Euroclear," said Frank LaSalla.
Mr. LaSalla oversees all of the business activities outside the U.S. for Pershing’s Global Customers group and leads Pershing’s global growth strategy in an effort to expand Pershing’s global business in selected countries. Mr. LaSalla is responsible for Pershing’s businesses in the UK, Ireland, Singapore, Canada, Australia and all the international broker-dealer and financial institutions conducting business on the Pershing LLC platform. He is also responsible for Pershing’s global corporate development.
Mr. LaSalla succeeds Timothy F. Keaney, vice chairman of BNY Mellon and chief executive officer of BNY Mellon Asset Servicing. In the Euroclear board roles, Mr. LaSalla will be working in conjunction with some of the most notable names within the securities and banking industries. Mr. LaSalla has also been appointed to the Euroclear Board’s Remuneration Committee.
"Euroclear plays an important role in facilitating financial transactions for our customers, and I know Frank will continue in our mission to make the process efficient and accurate for the industry," said Tim Kearney.
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.