The Bank of New York Company, Inc.’s Pershing Unit Opens New Office in Lake Mary, Florida
JERSEY CITY, N.J., March 13, 2007 -- Pershing LLC, a subsidiary of The Bank of New York Company, Inc., has announced the grand opening of a new office in Lake Mary, Florida. Pershing expects the new facility to be fully staffed with more than 300 associates by the fourth quarter of 2007. The 67,000 square-foot location can accommodate more than 400 associates, providing Pershing with room for future growth Associates in Lake Mary will perform a wide array of duties, including customer service, operational support and account management.
Richard F. Brueckner, chief executive officer of Pershing, said, "Our presence in Central Florida is a key component of our ongoing geographic diversification to enhance the reliability of our global operations, and this new location will enable us to support our growth as we expand our customer base. We've been gratified by the support of local economic and government officials and impressed by the deep pool of qualified candidates."
Diane Parker, president of the Seminole County Regional Chamber of Commerce located in Lake Mary, Florida, said, "As a premier global financial services firm, Pershing will enhance the vitality of our local business environment and provide our growing financial services community with a wide range of exciting employment opportunities."
This expansion complements The Bank of New York's existing locations in Lake Mary and East Orlando, Florida, which together house 675 associates. The Bank opened its Lake Mary operation in March 2001 and now has approximately 475 associates working at the facility. In July 2003, the Bank opened a facility in East Orlando, where it currently employs approximately 200 associates.
Pershing LLC is a leading global provider of clearing and financial services outsourcing solutions to more than 1,100 institutional and retail financial organizations and independent investment advisors who collectively represent nearly six million individual investors. Located in 19 offices worldwide, Pershing provides customers with innovative technology solutions and a wide range of value-added products and services, including asset-gathering products and managed account services, extensive trading and financing capabilities, and web site development. Pershing LLC (member NYSE/NASD/SIPC) is a member of every major U.S. securities exchange and its international affiliates are members of the Deutsche Borse, the Irish Stock Exchange and the London Stock Exchange. Pershing LLC is a subsidiary of The Bank of New York Company, Inc. Additional information is available at www.pershing.com.
The Bank of New York Company, Inc. (NYSE: BK) is a global leader in providing a comprehensive array of services that enable institutions and individuals to move and manage their financial assets in more than 100 markets worldwide. The Company has a long tradition of collaborating with clients to deliver innovative solutions through its core competencies: securities servicing, treasury management, asset management, and private banking. The Company's extensive global client base includes a broad range of leading financial institutions, corporations, government entities, endowments and foundations. Its principal subsidiary, The Bank of New York, founded in 1784, is the oldest bank in the United States and has consistently played a prominent role in the evolution of financial markets worldwide. Additional information is available at www.bankofny.com.
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