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BTIG Prime Brokerage adds Pershing as global custodian and clearing broker

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BTIG has added Pershing LLC, a BNY Mellon company, as a global custodian and clearing broker for BTIG’s multi-custodial and clearing Prime Brokerage platform.

With this new relationship in place, BTIG provides two custodian and clearing broker options, Pershing and Goldman Sachs Execution & Clearing, LP, for the firm’s Prime Brokerage clients and their assets. 

“During our review of their offering, we were very impressed by Pershing’s technology, understanding of the operational environment and their attention to detail. This relationship will help us to continue to service our clients at the highest level, connecting them with top-tier services that help them meet their specific needs and requirements,” says Justin Press, Managing Director and Co-Head of Prime Brokerage at BTIG. “We are excited to be working with another one of the industry’s largest providers of global clearing and settlement solutions, and believe that they are an ideal partner for our platform.”

“We are very pleased to be collaborating with BTIG and this relationship demonstrates Pershing’s continued commitment to grow our offering in the Prime Brokerage space,” says Jim Crowley (pictured), Chief Relationship Officer for Pershing. “More broadly, it reflects how we are personally invested in delivering unique solutions that leverage the full scope of the BNY Mellon enterprise to meet clients’ individual needs.”

BTIG’s Prime Brokerage business delivers comprehensive solutions for hedge funds and separately managed accounts with a focus on emerging fund managers. Prime Brokerage clients yield meaningful results with access to the firm’s sophisticated global capabilities and insights from their team of seasoned industry professionals. 

“BTIG works closely with clients to ensure they succeed in today’s competitive marketplace. Collaborating with clients, we understand that many fund managers look for multi-prime solutions that can offer a diverse line-up of custodians and clearing providers. Pershing and Goldman Sachs Execution & Clearing both serve some of the world’s premier asset owners, which will allow us to continue to strategically build out and enhance BTIG’s offering” says Brian Petitt, Managing Director and Co-Head of Prime Brokerage at BTIG.

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