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July 21, 2020

BNY Mellon’s Pershing hires COO from Goldman Sachs

BNY Mellon’s Pershing, which offers financial business solutions, has tapped Goldman Sachs executive Emily Schlosser as its new COO.

Schlosser as COO will also sit on the Pershing executive committee.

In the new role, she will be in charge of the firm’s operational functions and guide the firm’s strategic direction.

At Goldman Sachs, Schlosser served as the head of change for the Global Markets Division with responsibility for heading the transformation of institutional client experience and initiatives to drive new revenue streams.

Previously, she also had a stint at E*TRADE, where she was the COO of Corporate Services.

Her supervisory remit at E*TRADE included client service, participant engagement, technology, marketing, operations, risk, finance as well as human resources.

Pershing CEO Jim Crowley said: “With her proven track record of driving major corporate transformations across financial services, experience structuring complex change programmes, and success creating best-in-class client onboarding solutions, Emily will be integral in our efforts to continually elevate the adviser and investor experience.”

Crowley was handed over the role of CEO a year ago, replacing Lisa Dolly.

Pershing service suite includes clearing and custody, investment and retirement solutions, enterprise data management, and trading services.

The business also offers prime brokerage, managed account technology and business consulting services.

Its parent BNY Mellon had $37.3trn in assets under custody and/or administration, and $2trn in assets under management at the end of June 2020.

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