BNY Mellon’s Pershing Reimagines the Client Experience

April 21, 2021

JERSEY CITY, N.J.— BNY Mellon’s Pershing (“Pershing”) has launched a new approach to serving clients, aligning its people, services and technology to deliver a simplified and enhanced experience and targeted solutions to support growth, insights and efficiencies.

“Our industry is undergoing significant change,” said Jim Crowley, CEO, Pershing. “Our new model is designed to align our expertise to the evolving needs and business models of our clients. It will allow our clients to more easily tap into the power of the BNY Mellon enterprise and exponentially bolster the scale, capabilities, and insights we can deliver in the marketplace.”

Effective May 1, Pershing will align its US business under two main segments to better serve clients.

Wealth Solutions, co-led by Maura Creekmore and Ben Harrison, serves wealth-oriented broker-dealers, registered investment advisors (RIAs) and trust companies, and will address the evolving and converging needs of these clients. The firm plans to deliver an improved lending solution, as well as digitized account opening and asset transfers, so clients can scale their business. Pershing is also integrating with innovators across portfolio management, financial planning and client relationship management (CRM).

Institutional Solutions, led by David Hopkins, serves institutional-oriented broker-dealers, investment banks and other capital markets firms, hedge funds, and alternative investment managers. Pershing’s institutional platform provides clients with a single, seamless experience backed by the strength and scale of BNY Mellon, offering financing, collateral management, global trade execution, securities lending and syndicate capabilities.

Pershing will organize its client-facing teams to serve these segments and deliver streamlined and higher touch service which will result in simpler communication, collaboration and inquiry resolution.

“Client-centricity has long been a hallmark of how we serve clients,” said Emily Schlosser, COO of Pershing. “Under our new model, we will be able to deliver streamlined service and seamless access to a broader set of solutions, including more money fund and lending options, additional investment product choices and global execution capabilities.”

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 March 31, 2021, BNY Mellon had $41.7 trillion in assets under custody and/or administration, and $2.2 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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