Derek Penn is a Managing Director for Pershing, a BNY Mellon company, where he is responsible for equity trading and execution services for Trading Services, including Pershing’s Institutional Agency Sales Desk, International Agency Trading Desk, Foreign Exchange Desk, Execution Services Desk, Pershing Advisor Solutions’ Trading Desk and the Options Trading Desk. He also has responsibility for the Market Making Trading Desk, Pershing’s trading operations on the New York Stock Exchange, as well as Pershing’s London trading operations.

Mr. Penn brings more than 20 years of trading and financial services experience to Pershing. Most recently, he was Senior Vice President and Head of Equity and Fixed Income Trading at Fidelity Capital Markets, where he was responsible for overseeing a team of traders across the equity, taxable and nontaxable debt markets. Prior to that, Mr. Penn was Senior Vice President of International Equity Trading at Lehman Brothers Inc., where he oversaw a trading operation covering 36 countries from the Far East to Europe to Latin America. Previously, he held a number of senior trading positions at Merrill Lynch and Morgan Stanley, and has been recognized as one of the leading African-American executives on Wall Street.

Mr. Penn is a graduate of Duke University and earned a Master of Business Administration degree from the Fuqua School of Business at Duke. He serves on Duke University’s Fuqua School of Business Board and Duke’s Athletic Advisory Board.