BNY Mellon's Pershing Unit Recognized by CIO Magazine as a CIO 100 Award Honoree

JERSEY CITY, N.J., July 19 /PRNewswire-FirstCall/ -- Pershing LLC, a BNY Mellon company, announced today that it has been named as one of the CIO 100 award honorees by CIO magazine. The 23rd annual award program recognizes organizations around the world that exemplify the highest level of operational and strategic excellence in information technology (IT).

Pershing was recognized by CIO magazine for the successful introduction of its NetX360™ technology platform in 2009. NetX360 offers Pershing's introducing broker-dealer and registered investment advisor customers one complete solution to efficiently manage and grow their businesses. The platform is the product of an 18-month development effort involving more than 500 Pershing associates. It now meets the needs of more than 1,150 broker-dealers and registered investment advisor firms and provides trade settlement in more than 60 countries.

The recipients of this year's CIO 100 award were selected first by a team of judges that reviewed all award applications and made recommendations, and then by CIO magazine editors who reviewed the judges' recommendations and voted on the final 100. Complete coverage of the 2010 CIO 100 award is online at www.cio.com, and will be in the August 1 issue of CIO magazine.

"This year's CIO 100 award draws well-deserved attention to companies that are not only innovating with IT but creating genuine business value as well," said Maryfran Johnson, Editor in Chief of CIO magazine & Events. "These winning companies and their IT organizations are an inspiration to businesses everywhere."

"This is an achievement that all of us at Pershing take great pride in," said Brian Shea, chief operating officer at Pershing LLC. "The CIO 100 award shows how NetX360, our flexible, open architecture platform, exemplifies the best of Pershing and our people's focus on innovation, teamwork and outperformance in support of our customers."

Pershing LLC (member FINRA/NYSE/SIPC) is a leading global provider of financial business solutions to more than 1,150 institutional and retail financial organizations and independent registered investment advisors who collectively represent approximately five million active investors. Located in 20 offices worldwide, Pershing and its affiliates are committed to delivering dependable operational support, robust trading services, flexible technology, an expansive array of investment solutions, practice management support and service excellence. Pershing 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 BNY Mellon company. Additional information is available at www.pershing.com.

BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation. BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 34 countries and serving more than 100 markets. BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a worldwide client-focused team. It has $22.4 trillion in assets under custody and administration, $1.1 trillion in assets under management, services $11.8 trillion in outstanding debt and processes global payments averaging $1.5 trillion per day. Additional information is available at www.bnymellon.com.

SOURCE Pershing LLC; BNY Mellon