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BNY Mellon I Pershing
BNY Mellon | Pershing Average Score 2022 Average Score 2021 Average Score last 3 years Global Average Difference with Global Average Capital Introductions 5.47 5.52 5.38 5.38 0.09 Client Services 6.46 6.49 6.46 6.14 0.32 Consulting 6.08 5.17 5.81 5.91 0.17 Operations 6.42 6.42 6.38 6.00 0.42 Technology 5.77 5.86 5.79 5.79 -0.02 Risk Management 6.05 6.06 6.03 5.88 0.17 Asset Safety 6.46 6.66 6.57 6.15 0.31 Trading and Execution 6.23 6.21 6.11 6.19 0.04 Financing 5.99 5.54 5.86 5.81 0.18 Stock Borrowing and Lending 6.02 6.33 6.13 5.93 0.09 Foreign Exchange Prime Brokerage N / A 6.50 6.53 6.04 N / A Fixed Income 6.43 5.92 6.14 6.00 0.43 OTC Clearing N / A 6.20 6.34 5.92 N / A Listed Derivatives 6.21 6.00 6.21 6.07 0.14 Average 6.13 6.06 6.12 5.94 0.19
BNY Mellon | Pershing has had a good year resultswise , increasing its overall score from 2021 and exceeding the global average in most categories . Highest scoring categories are Client Services and Asset Safety ( 6.46 apiece ). “ Our high touch service model provides clients with a single point of contact within a dedicated , experienced support team ,” says the firm . One manager comments that , “ Our client service representative provides top class service buy being available and providing knowledge and guidance to sort through urgent issues ”, while a number of individual personnel are namechecked . In 2021 , Pershing announced a fresh and focused approach to serving clients through two new segments : Wealth Solutions for wealth-oriented broker-dealers , registered investment advisors ( RIAs ) and trust companies ; and Institutional Solutions for institutionaloriented broker-dealers , investment banks and other capital markets firms , hedge funds and alternative asset managers . “ This realignment of our people , resources and technology was designed to provide clients with even greater access to the comprehensive suite of solutions across the Pershing and BNY Mellon enterprise ,” says the firm . Recent product and service developments include a Cap Intro thought leadership collection , Cap IntroGraphics , launched in 2020 , which provides a visual breakdown of trends uncovered through in-depth conversations with allocators as well as results from investor polling ( see Page 14 ). The firm describes its approach to cap intro as “ pursuing highly targeted , discrete manager introductions , following painstaking research-driven curation , maximising potential best-fit .”
62 Global Custodian Fund Services Annual 2022