Pershing Named Best North American Prime Broker in Hedgeweek Global Awards

Pershing Prime Services recognized once again following Best Prime Broker award in 2011

News provided by

Mar 29, 2012, 10:00 ET

JERSEY CITY, N.J., March 29, 2012 /PRNewswire/ -- Pershing LLC, a BNY Mellon company, today announced its prime brokerage business received the Best North American Prime Broker Award at the 2012 Hedgeweek Global Awards ceremony in London.

The winners of this year's awards were determined by votes cast by Hedgeweek subscribers— which includes institutional investors, wealth advisors and managers. Voters once again distinguished Pershing Prime Services' offering based on a number of criteria including excellent client service, consistency and ease of doing business.

"It is an honor to be recognized by global industry professionals for our leadership in the prime brokerage business," said Gerry Tamburro, managing director of Pershing Prime Services. "This award reflects our commitment to providing our customers with unmatched service and operational support and offering customers ongoing opportunities to grow their business. We appreciate their recognition of this continued effort."

The Hedgeweek recognition marks the second award Pershing Prime Services has received in the past year from Hedgeweek. In June of 2011, Pershing earned top honors as the Best Prime Broker at the inaugural U.S. Hedgeweek Awards ceremony in New York. Pershing Prime Services was also named for the second year in a row as HFMWeek's Best Prime Broker – Custodial Solution in October of 2011.

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 23 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, Irish Stock Exchange, the London Stock Exchange and the Australian Stock Exchange. Pershing LLC is a BNY Mellon company. Additional information is available at 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 $25.8 trillion in assets under custody and administration and $1.26 trillion in assets under management, services $11.8 trillion in outstanding debt and processes global payments averaging $1.5 trillion per day. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com or follow us on Twitter@BNYMellon.

SOURCE BNY Mellon