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Pershing Named Best North American Prime Broker in Hedgeweek Global Awards for the Second Year in a Row
Pershing Prime Services recognized once again as best in class in key areas of service
JERSEY CITY, N.J- March 1, 2013- 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 atwww.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