JERSEY CITY, N.J., March 1, 2013 /PRNewswire/ -- Pershing LLC, a BNY Mellon company, today announced its prime brokerage business received the Best North American Prime Broker Award at the 2013 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.
"We are honored to be recognized again by Hedgeweek as the top prime brokerage provider in North America," said Gerry Tamburro, managing director of Pershing Prime Services. "The award reflects our continued investment in technology and talent. We appreciate their recognition of our delivery of unmatched service and operational support, and that we offer clients ongoing opportunities to grow their business."
The Hedgeweek recognition marks the fourth award Pershing Prime Services and BNY Mellon's Alternative Investment Services (AIS) business have received in the past from Hedgeweek. In addition to receiving Best North American Prime Broker last year, Pershing earned top honors as the Best Prime Broker at the inaugural U.S. Hedgeweek Awards ceremony in June of 2011. AIS was awarded Hedgeweek's Best Asian Hedge Fund Administrator Award in March 2012. Pershing Prime Services was also named for the third year in a row as HFMWeek's Best Prime Broker – Custodial Solution in October of 2012.Pershing Prime Services delivers a 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 approximately 5.5 million active investor accounts. 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, Australian Stock Exchange, Irish Stock Exchange, London Stock Exchange and Toronto Stock Exchange. Pershing LLC is a BNY Mellon company. Additional information is available at www.pershing.com. BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 36 countries and more than 100 markets. As of December 31, 2012, BNY Mellon had $26.2 trillion in assets under custody and/or administration, and $1.4 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. 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