Pershing unveils Jersey office
From News Aug 8 2011 BY: Will Jackson
, Contributing editor
, International Adviser
Pershing expects to open its Jersey office before the end of 2011, subject to regulatory approval. The firm offers “front-to back” outsourcing services, including order execution and asset custody, to private banks, private wealth managers and brokers.
According to Pershing, its entry into the Channel Islands comes in response to client demand for access to onshore and offshore investment opportunities via the same provider.
“Opening a Channel Islands office represents an important part of our strategic plan to provide private wealth managers and private banks with a competitive onshore and offshore capability in Europe,” said Charles van der Merwe, chief executive officer at Pershing.
Pershing, which was established in London in 1987, is an affiliate of Pershing LLC, a subsidiary of BNY Mellon. Pershing LLC provides “financial business solutions” to more than 1,500 organisations and independent investment advisers globally.