BNY Mellon's Pershing Prime Services Named Best Managed Prime Broker in Hedgeweek Awards

JERSEY CITY, N.J., June 22, 2011 /PRNewswire/ -- Pershing LLC, a BNY Mellon company, today announced its prime brokerage division received the Best Prime Broker Award at the inaugural U.S. Hedgeweek Awards ceremony in New York.  

The winners of this year's awards were determined by votes cast by Hedgeweek subscribers; which includes institutional investors, wealth advisors and managers.  Voters singled out Pershing Prime Services based on a diverse set of criteria including excellent client service, consistency and ease of doing business.

"It is an honor to be recognized by industry professionals for our leadership in the prime brokerage business," said Gerry Tamburro, managing director of Pershing Prime Services.  "This recognition reflects our commitment to providing our clients with a robust platform that combines the global resources of BNY Mellon with unmatched service and operational support. Our solutions are designed to help hedge funds take advantage of emerging opportunities to grow their business."

The Hedgeweek recognition marks the second award Pershing Prime Services has received in the past seven months.  In December 2010, the division earned top honors at HFMWeek's US Hedge Fund Services Awards ceremony, winning for "Best Prime Broker – Custodial Solution."

Pershing Prime Services delivers an unconflicted, comprehensive suite of global prime brokerage solutions. This includes extensive access to securities lending, dedicated client service, robust technology and reporting tools, worldwide execution and order management capabilities, a broad array of cash management products and the integrated platform of BNY Mellon. Pershing Prime Services is a service of Pershing LLC. Additional information is available at www.pershingprimeservices.com.

Pershing LLC (member FINRA/NYSE/SIPC) is a leading global provider of financial business solutions to more than 1,500 institutional and retail financial organizations and independent registered investment advisors who collectively represent more than five million active investors. Located in 21 offices worldwide, Pershing and its affiliates are committed to delivering dependable operational support, robust trading services, flexible technology, an expansive array of investment solutions, practice management support and service excellence. Pershing is a member of every major U.S. securities exchange and its international affiliates are members of the Deutsche Borse, the Irish Stock Exchange and the London Stock Exchange. Pershing LLC is a BNY Mellon company. Additional information is available at www.pershing.com.

BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 36 countries and serving more than 100 markets. BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, offering superior investment management and investment services through a worldwide client-focused team. It has $25.5 trillion in assets under custody and administration and $1.2 trillion in assets under management, services $11.9 trillion in outstanding debt and processes global payments averaging $1.7 trillion per day. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation. Additional information is available at www.bnymellon.com.

SOURCE Pershing LLC

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