Pershing LLC

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Pershing LLC
Founded January 1, 1939 (1939-01-01)
Headquarters Jersey City, New Jersey, United States
Key people
Lisa Dolly, Chief Executive Officer
Brian Shea, Chairman[1]
Products Financial services
Website http://www.pershing.com

Pershing LLC is a subsidiary of The Bank of New York Mellon. Pershing has nearly $1 trillion in assets under administration. The Bank of New York Mellon has more than $25 trillion in assets in custody.

History[edit]

The firm was founded on January 1, 1939,[2] as Pershing & Company with $200,000 in capital. The firm's original senior partners were Van Burger, Sr., Ed Cohan, Lou Froehlich, Dave Foster, and its namesake — Warren "Jack" Pershing, the only son of celebrated World War I General of the Armies, John J. Pershing.[2]

In 2000, Credit Suisse First Boston, the capital markets division of Credit Suisse, assumed control of Pershing when it purchased Donaldson, Lufkin & Jenrette and its subsidiaries.

In 2003, BNY Mellon acquired Pershing LLC, the United States' second-largest trade clearinghouse at the time from CSFB.[3]

References[edit]

  1. ^ "Management Team". pershing.com. Retrieved June 22, 2011. 
  2. ^ a b "History and Heritage". pershing.com. Retrieved June 22, 2011. 
  3. ^ "Bank of New York Acquires CSFB's Pershing For $2 Billion". TheStreet.com. January 8, 2003. Retrieved 14 January 2015. 

External links[edit]