Pershing, a BNY Mellon fund admin company, is expanding its trading services in Europe, Middle East, and Africa (Emea).
The firm, which has just under $2 trillion of assets under administration, now offers its global equity trading services to businesses which do not hold custody on the Pershing platform, and beyond the UK and Ireland.
According to Pershing, heightened market volatility, regulation, and cost pressures has led to ongoing demand from financial institutions experiencing trading activity complications seeking to outsource aspects of their business.
Michael Horan, head of trading at Pershing Emea, said: “In this uncertain environment, it is more important than ever to support clients in effectively and efficiently navigating the market volatility. This means acting as a partner and trusted advisor with clients to support their growth over the long-term.”
The BNY Mellon subsidiary offers external trading and custody support for clients with “the operational challenges they are facing to drive new efficiencies”, Horan added.
Clients of the expanded platform consist of wealth and asset managers based across Emea, including in the UK, the Netherlands, Denmark, Dubai and Luxembourg.
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