October 13, 2008
The market events of the last several weeks have been historic for the financial services industry around the world. Our political and regulatory leaders are carving new trails through unchartered territory to lead the financial services industry through significant liquidity challenges. Pershing is helping our customers adapt to rapid regulatory and market developments and effectively navigate through the current market disruption.
It's during challenging times that financial organizations have a significant opportunity to strengthen relationships with their clients by sharing perspective and helping them make appropriate adjustments to achieve their long-term investment goals. These turbulent times also illustrate how critical it is for financial organizations to align themselves with a reliable solution provider that combines a collaborative business approach with access to a comprehensive range of services and capabilities.
Pershing is in a strong financial position—as is our parent, The Bank of New York Mellon Corporation—and we remain well positioned to strengthen our industry leadership. We have been serving financial organizations through changing markets and business cycles for nearly 70 years—and more importantly—have been a consultative partner in helping our customers manage and embrace numerous business challenges. We continue to help set the industry standard for delivering innovative solutions and collaborate with industry regulators, utilities, intermediaries, and service providers to constructively support stability, reliability, and confidence in the global investment process.
The financial services industry as we know it has changed. However, over the course of history, financial markets have been resilient and there will be renewed growth. We at Pershing are committed to delivering exceptional service to our customers—especially during this extraordinary period—and as always, remain focused on providing financial organizations with best-of-breed capabilities to help them take advantage of the opportunities in this new world of financial services.
