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Website. www.pershing.com. Pershing LLC is an American clearing house. Formed in 1939, Pershing became a subsidiary of The Bank of New York (now BNY) in 2003. Pershing has nearly $1.9 trillion in assets under administration. BNY has more than $35.5 trillion in assets in custody.
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BNY. The Bank of New York Mellon Corporation, commonly known as BNY, is an American international financial services company headquartered in New York City. Founded in 1784, it is one of the oldest financial institutions in the United States and was the first company listed on the New York Stock Exchange. BNY provides a wide range of financial ...
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In 2018, BNY Mellon IM merged three of its investment firms (Mellon Capital Management, Standish Mellon Asset Management and The Boston Company Asset Management) to form a new unit called Mellon Investments. Due to rising technology and research costs, such consolidation was done so costs could be shared. [3]
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