Bringing you live news and features since 2006 

BNY Mellon’s Pershing to open Channel Islands office

RELATED TOPICS​

Pershing Limited, a BNY Mellon company, is to launch a subsidiary company in the Channel Islands and open an office in St. Helier, Jersey. Pershing’s entry into the Channel Islands is in response to its clients’ demands for access to both onshore and offshore investment opportunities through the same financial services solutions provider.

 

Pershing’s new initiative will deliver a full breadth of services from order execution, including direct market access and support of the full transaction lifecycle, to asset custody in a unique service model. 
 
Pershing, a supplier of front-to-back outsourcing services and solutions to private banks, private wealth managers and brokers, serves clients from offices in the UK and Ireland. The addition of the Jersey office will provide clients with an integrated offshore solution across all of the asset classes used by private wealth firms.
 
“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,” says Charles van der Merwe (pictured), chief executive officer at Pershing Limited. “We chose Jersey as the best place for our Channel Islands solution because of its reputation as a well-regulated offshore jurisdiction. Jersey’s position as a leading offshore centre will provide Pershing clients with a strong solution that will enable future growth of their businesses.”
 
Pending regulatory approvals, Pershing expects to open its Channel Islands office in St Helier later this year. 

Latest News

Morningstar has published a review of the European ETF market for the first quarter 2024, which finds that it gathered..
ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..
Calastone has published an ETF white paper which examines several of the processes that take place across the lifecycle of..
Adapting product lines to fit into changing methodologies and meet shifting demand is essential to remaining relevant in the industry..

Related Articles

Kristen Mierzwa, FTSE Russell
Index Investments Group (IIG), a division within index provider FTSE Russell, has extended its range of indices through two new...
ETFs
US ETF issuers of active ETFs are facing an increase in fees from the big custodian firms, such as Charles...
Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by