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January 1, 1939 (1939-01-01)
Jersey City, New Jersey, United States
Lisa Dolly, Chief Executive Officer
Brian Shea, Chairman
Pershing LLC is a subsidiary of The Bank of New York Mellon. Pershing has nearly $1 trillion in assets under administration. The Bank of New York Mellon has more than $25 trillion in assets in custody.
The firm was founded on January 1, 1939, as Pershing & Company with $200,000 in capital. The firm’s original senior partners were Van Burger, Sr., Ed Cohan, Lou Froehlich, Dave Foster, and its namesake — Warren “Jack” Pershing, the only son of celebrated World War I General of the Armies, John J. Pershing.
In the year 2000 Credit Suisse First Boston, the capital markets division of Credit Suisse, assumed control of Pershing when it purchased Donaldson, Lufkin & Jenrette and its subsidiaries.
In 2003 BNY Mellon acquired Pershing LLC, the United States’ second-largest trade clearinghouse at the time from CSFB.
^ “Management Team”. pershing.com. Retrieved June 22, 2011.
^ a b “History and Heritage”. pershing.com. Retrieved June 22, 2011.
^ “Bank of New York Acquires CSFB’s Pershing For $2 Billion”. TheStreet.com. January 8, 2003. Retrieved 14 January 2015.
Albridge – an affiliate of Pershing