May 12, 2017
LONDON, May 12, 2017—BNY Mellon’s Pershing Limited has been named the Best Global Custodian to Private Client Business as well as winner of Best Outsourcing Solution at the 2017 WealthBriefing European Awards.
The Global Custodian category was awarded to Pershing in recognition of its strong compliance culture and sound regulatory approach to safeguarding client assets. The award recognises firms that have demonstrated innovation and excellence that have helped clients to focus on their business growth.
Pershing was also recognised for best Outsourcing Solution, testament to its experience, global scale and proven track record in serving premier wealth management houses. For example, Pershing has 250 technology specialists across five office locations. Running the business across multiple locations supports the company’s commitment to business continuity by reducing the dependency on any one location.
Pershing’s solutions were specifically recognized for their improvements in efficiency across compliance, technology and operational functions, and allowing clients to meet the specific needs of their end customers.
“The safety of end investors' assets is at the core of everything we do, and the uncertainty of today’s fast changing market landscape makes this more important than ever,” said Geoff Towers, CEO of Pershing Ltd. “To be recognised as a market leader in these areas further highlights our commitment to the wealth management sector, and our drive to provide the most secure, flexible and innovative solutions to our clients."
The WealthBriefing Awards, now in their fifth year, acknowledge excellence in the wealth management industry, focusing on experts, products and services for wealth managers and clients.
About BNY Mellon's Pershing Limited
BNY Mellon’s Pershing Limited and its subsidiaries provide broker-dealers, asset managers, intermediary firms, IFAs, and financial institutions across EMEA with a comprehensive range of products, services, and solutions including fully disclosed custody, clearing and settlement for wealth managers and advisers as well as institutional global clearing and trading services. Established in London in 1987, Pershing Limited and its subsidiary, Pershing Securities Limited, are members of the London Stock Exchange and Euroclear UK & Ireland.
Pershing Limited has memberships with LCH Limited (EquityClear®). Pershing Securities Limited is a member of various markets and clearing houses including Deutsche Börse, Eurex Clearing, LCH SA and EuroCCP NV. Pershing Limited is an affiliate of Pershing LLC, a leading global provider of financial business solutions to more than 1,400 institutional and retail financial organisations and independent investment advisers. Pershing LLC (member FINRA/NYSE/SIPC) is a member of every major U.S. securities exchange, and both are subsidiaries of The Bank of New York Mellon Corporation. Additional information is available at pershing.co.uk.
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.