BNY Mellon’s Albridge, an Affiliate of Pershing, Opens New Office in Pennington, New Jersey

January 12, 2017

State-of-the-art facility supports the firm’s next phase of growth and becomes home to BNY Mellon’s ninth Innovation Center

PENNINGTON, NJ, January 12, 2017 – BNY Mellon’s Albridge, an affiliate of Pershing LLC, yesterday celebrated the opening of its new office in Pennington, New Jersey, with a ribbon-cutting ceremony attended by employees and clients. The state-of-the-art facility, which features cutting-edge technologies and dynamic work spaces, advances the firm’s ongoing focus on driving innovation for clients and signifies its next phase of growth.

Pennington Office Ribbon Cutting

The 44,000-square-foot Pennington office houses 240 employees and is the ninth BNY Mellon Global Innovation Center, adding to a sprawling global network of Innovation Centers, including Singapore; London, UK; Chennai, India; and Pittsburgh, Pennsylvania, U.S.

“The investment in this world-class facility underscores our commitment to providing our employees with the most advanced technologies and amenities that are critical for their success,” said Marc Butler, chief operating officer of Albridge. “The new Pennington office will help fuel our growth into the future by enabling us to more effectively collaborate with and innovate for our clients.”

Albridge’s new Pennington office features collaborative meeting, testing and demo spaces to foster a highly agile product development environment, where teams can work side-by-side with clients on the latest innovations.

“Our new space is designed to bring our clients closer to the development process,” continued Butler. “This innovation-friendly environment will enable us to rapidly address unmet client needs and continually enhance our solutions to stay ahead of market demands.”

Pennington Office Theater

The new office features smartly configured floor plans designed to promote worker productivity and innovation. Dynamic room design across the office allows teams to reconfigure rooms for different purposes — whether it is team meetings, client meetings, employee or guest use.

Meeting rooms boast enhanced technology capabilities, incorporating the latest digital workplace collaboration tools for presentation, video conference, technology demonstrations and digital messaging. A design thinking lab at the facility offers employees and users a platform where they can challenge themselves and push their creativity.

The Pennington office also offers numerous amenities that contribute to employee well-being, including an on-campus fitness center, athletic fields, and a Bright Horizons child care center. The office is designed consistent with LEED principles, utilizes LED lighting throughout and makes abundant use of natural lighting.

About BNY Mellon's Albridge

BNY Mellon’s Albridge Solutions Inc. is a leading provider of enterprise data management solutions that deliver a single view of an investor's broad range of assets. Our proprietary technology consolidates and reconciles client account and transaction data from hundreds of data sources representing banking, brokerage, insurance, retirement, managed accounts and more.

Albridge processes this cleansed data and uses it to power a variety of downstream technology solutions, including performance reporting, sales practice monitoring, data warehousing, business intelligence, imaging and workflow. Albridge provides the foundation for financial organizations to leverage a single source of information to power a number of mission critical technology applications. Albridge Solutions Inc. is an affiliate of Pershing LLC. Additional information is available at albridge.com.

About BNY Mellon's Pershing

BNY Mellon’s Pershing is a leading provider of clearing and custody services. We are uniquely positioned to help complex financial services firms transform their businesses, drive growth, maximize efficiency, and manage risk and regulation.

Wealth management and institutional firms outsource to us for trading and settlement services, investment solutions, bank and brokerage custody, middle and back office support, data insights, and business consulting.

Pershing brings together high-touch service, an open digital platform and the BNY Mellon enterprise to deliver a differentiated experience for every client.

Pershing LLC (member FINRA, NYSE, SIPC) is a BNY Mellon company. With offices around the world, Pershing has over $2 trillion in assets and millions of investor accounts. Pershing affiliates include Albridge Solutions, Inc. and Lockwood Advisors, Inc., an investment adviser registered in the United States under the Investment Advisers Act of 1940. Additional information is available on pershing.com, or follow us on LinkedIn or 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 and wealth management and investment services in 35 countries. As of June 30, 2021, BNY Mellon had $45.0 trillion in assets under custody and/or administration, and $2.3 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.

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