BNY Mellon Pershing CEO Lisa Dolly to step down

Lisa Dolly announces intentions to step down as CEO of Pershing after more than three years in the role.

BNY Mellon veteran Lisa Dolly has announced her intentions to step down as CEO of Pershing after three years in the role.

The company confirmed in a statement that Dolly will leave her position as of 1 July, but will remain chairman of Pershing until the end of the year. As chairman, Dolly will act as an advisor to her successor, Jim Crowley, who is currently the firm’s chief operating officer..

Dolly was appointed CEO of Pershing in February 2016, having spent more than 25 years with the firm. She previously served as chief operating officer, overseeing Pershing’s operational controls, administrative and reporting procedures, people and systems.

“We respect Lisa’s desire do something different after over 30 years at one firm, and we are grateful to her for her leadership and many contributions,” said Todd Gibbons, vice chairman and CEO of clearing, markets and client management at BNY Mellon. “Lisa and Jim have worked closely together for several years in both running the firm and in setting the strategic direction. Given this history and partnership, our clients can expect a seamless transition between now and the end of the year.”

Crowley, a 35-year Pershing veteran, will report to Gibbons upon taking up the senior position later this year. Prior to his current role as COO at Pershing, Crowley worked directly with clients as Pershing’s chief relationship officer, and spent a period on the floor of the New York Stock Exchange before leading business development for the fixed income division.

“Jim brings to the role unrivalled knowledge of our clients, systems and operations. This is an exciting time for Pershing as the company continues its investment to accelerate growth in the wealth management and financial advisory industry,” Gibbons added.