LONDON, July 24 Pershing-launches
LONDON, July 24 /PRNewswire-FirstCall/ -- Pershing Limited, an affiliate
of Pershing LLC and a subsidiary of The Bank of New York Mellon Corporation,
announced today that it has launched Nexus Loans, a collateralised lending
service for advisors and wealth managers who serve high-net-worth investors.
This new offering expands Pershing's suite of solutions for the private client
and private wealth management market.
Nexus Loans enables advisors and wealth managers to provide their
investors with the opportunity to borrow cash secured against their portfolios
at competitive interest rates. The solution accepts a wide range of
securities to be used as collateral and allows investors to maintain their
investment holdings whilst accessing this source of multi-purpose funding.
Nexus Loans also offers borrowers flexible loan amounts without a fixed
repayment schedule. Pershing will provide operational and technology support
for this solution, allowing advisors and wealth managers to focus on the
investment needs of their clients.
Charles van der Merwe, chief executive officer of Pershing Limited, said,
"Our Nexus Loans solution reinforces our commitment to provide advisors and
wealth managers with the tools and capabilities they need to grow their
businesses. This new offering is easy to arrange and administer, and provides
investors with a powerful and flexible source of borrowing to use for business
or personal expenses, investments or even to purchase other securities."
Pershing Limited provides broker-dealers, asset managers, intermediary
firms, and financial institutions across Europe with a comprehensive range of
products, services, and solutions including retail clearing, fully disclosed
institutional global clearing, broker services, and execution services.
Established in London in 1987, Pershing Limited and its subsidiary, Pershing
Securities Limited, are members of the London Stock Exchange and Euroclear UK
& Ireland. Pershing Limited has direct memberships with LCH.Clearnet and SWX
Europe. Pershing Securities Limited is a member of Deutsche Borse, Eurex
Clearing, and Clearstream. Pershing Limited is an affiliate of Pershing LLC,
a leading global provider of financial business solutions to more than 1,150
institutional and retail financial organisations and independent investment
advisers who collectively represent over five million active investors.
Pershing LLC (member FINRA/NYSE/SIPC) is a member of every major U.S.
securities exchange, and a subsidiary of The Bank of New York Mellon
Corporation. Additional information is available at www.pershing.co.uk.
The Bank of New York Mellon Corporation 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. The company 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 more than $23
trillion in assets under custody and administration, more than $1.1 trillion
in assets under management, and services $11 trillion in outstanding debt.
Additional information is available at www.bnymellon.com.
SOURCE The Bank of New York Mellon Corporation
