History

OUR HISTORY

Built by clients.
Responding to your needs.
Evolving to help you succeed.

For over 85 years, BNY Mellon's Pershing has led as a pioneering force on Wall Street, continuously innovating from its inception on January 1, 1939.

Founded as Pershing & Company with an initial capital of $200,000, the firm's original senior partners included notable figures such as Van Burger, Sr., Lou Froehlich, Dave Foster, and Warren "Jack" Pershing, son of WWI General John J. Pershing.

Pershing's early focus was on delivering trade execution and clearance services to financial institutions beyond the New York metropolitan area.

Setting itself apart, Pershing strategically established a presence on the NYSE floor, ensuring swift and efficient trade execution for clients. Despite three senior partners being called to serve in WWII, Pershing continued its commitment to providing regional firms unparalleled access to major exchanges.

Since its humble beginnings, Pershing has evolved into a global financial solutions provider, catering to the diverse needs of clients worldwide.

In 2003, Pershing became part of The Bank of New York, founded by Alexander Hamilton in 1784, which merged with Mellon Financial Corporation in 2007 to form BNY Mellon.

Today, BNY Mellon stands as a cornerstone of the financial world, empowering individuals and institutions with unparalleled insights and actions, driving success across global markets.