BNY Mellon's Pershing names new CEO
09 May 2019 New York
Image: Shutterstock
BNY Mellon has named James Crowley as CEO of BNY Mellon’s Pershing, effective 1 July.
Crowley, currently COO at Pershing, succeeds Lisa Dolly, who will serve as chairman of Pershing through year-end. As chairman, Dolly will act as an advisor to Crowley, assist in onboarding new business, and continue to work with Pershing’s client relationships.
In his new role, Crowley will report to Todd Gibbons, vice chairman and CEO of clearing, markets and client management. He will also join BNY Mellon’s executive committee.
Commenting on the new appointment, Gibbons said: "A Pershing veteran of more than 35 years, James Crowley brings to the role unrivalled knowledge of our clients, systems and operations. This is an exciting time for Pershing as the company continues its investment to accelerate growth in the wealth management and financial advisory industry.”
Gibbons added: "We respect Lisa's desire to do something different after over 30 years at one firm, and we are grateful to her for her leadership and many contributions. Lisa and Jim have worked closely together for several years in both running the firm and in setting the strategic direction. Given this history and partnership, our clients can expect a seamless transition between now and the end of the year.”
Crowley, currently COO at Pershing, succeeds Lisa Dolly, who will serve as chairman of Pershing through year-end. As chairman, Dolly will act as an advisor to Crowley, assist in onboarding new business, and continue to work with Pershing’s client relationships.
In his new role, Crowley will report to Todd Gibbons, vice chairman and CEO of clearing, markets and client management. He will also join BNY Mellon’s executive committee.
Commenting on the new appointment, Gibbons said: "A Pershing veteran of more than 35 years, James Crowley brings to the role unrivalled knowledge of our clients, systems and operations. This is an exciting time for Pershing as the company continues its investment to accelerate growth in the wealth management and financial advisory industry.”
Gibbons added: "We respect Lisa's desire to do something different after over 30 years at one firm, and we are grateful to her for her leadership and many contributions. Lisa and Jim have worked closely together for several years in both running the firm and in setting the strategic direction. Given this history and partnership, our clients can expect a seamless transition between now and the end of the year.”
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