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New Bank of New York Mellon Unit, Pershing Securities, Receives Services License

Published July 30, 2009 11:19 AM EDT 1 Min Read

Pershing Securities Singapore Private Limited, an affiliate of Pershing LLC, a subsidiary of The Bank of New York Mellon Corporation, has received a capital markets servicing license from the Monetary Authority of Singapore.

The license allows Pershing to expand its financial services outsourcing solutions suite, and provide a wide variety of fully disclosed clearing services. Pershing offers its services to financial organizations in Singapore,

Pershing Securities Limited is the result of an almost fifty year expansion in the Asia-Pacific region by Bank of New York Mellon. Both Frank La Salla, managing director of global securities of Pershing, and Mark Nelligan, CEO at Pershing Securities Limited, said that the additional licensed group allowed the corporation an expanded global reach.

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