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Friday, January 6, 2023

Maura Creekmore Leaves BNY Mellon | Pershing

After virtually three a long time with BNY Mellon | Pershing, Maura Creekmore left her place as co-head of Wealth Options on Dec. 31, in line with the agency. The transfer leaves Ben Harrison with full management of the division going ahead.

Creekmore began at BNY Mellon in 1994 as a person contributor working with shopper govt administration groups, in line with her LinkedIn profile. Throughout her time with the corporate, she held positions as staff chief, managing director and head of world shopper relationships.

Creekmore and Harrison had been named co-heads of the Wealth Options division in 2021, following a reorganization that positioned RIA custody and dealer/supplier clearing providers into the identical vertical. Throughout her time within the place, Wealth Options introduced in Ainslie Simmonds to roll out Pershing X, an formidable new multicustodial, cross-functional suite of digital instruments meant to assist advisors streamline tedious processes.

Harrison, who will now lead the division single-handedly, joined Pershing in 2020 when he changed Mark Tibergien, longtime head of the agency’s custody enterprise. Previous to that, he was vice chairman of RIA gross sales for TD Ameritrade.

The explanation for Creekmore’s departure was not disclosed and Harrison was unable to be reached for touch upon Friday. It stays to be seen whether or not he intends to implement any main modifications in his expanded position.

The nation’s third-largest custodian, Pershing at present oversees round $2 trillion in shopper belongings, per a Q3 2022 submitting. This places them behind Charles Schwab, which claims $6.6 billion in belongings following the merger with TD Ameritrade, and Constancy, which doesn’t disclose AUM.

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