Lisa Dolly steps down as Pershing CEO

Lisa Dolly steps down as Pershing CEO
Current COO James Crowley will take over as chief executive July 1.
MAY 08, 2019

Lisa Dolly will step down from her position as CEO of BNY Mellon Pershing on July 1. The company's current COO, James Crowley, will succeed her as chief executive. Ms. Dolly joined Pershing right out of college in 1988 and was named CEO in 2016. She will serve as chairman through the end of the year, acting as an adviser to Mr. Crowley, assisting with onboarding of new business and working with Pershing's largest clients. [More: Pershing's Lisa Dolly asks one key question to judge a job candidate] Mr. Crowley has been with Pershing for more than 35 years. He will join BNY Mellon's executive committee and report to Todd Gibbons, vice chairman and CEO of clearing, markets and client management. [More: Pershing's Crowley: The case for business transformation] In a statement, Mr. Gibbons attributed the move to Ms. Dolly's "desire to do something different after over 30 years at one firm." "Lisa and Jim have worked closely together for several years in both running the firm and in setting the strategic direction," Mr. Gibbons said. "Given this history and partnership, our clients can expect a seamless transition between now and the end of the year."

Latest News

The power of cultivating personal connections
The power of cultivating personal connections

Relationships are key to our business but advisors are often slow to engage in specific activities designed to foster them.

A variety of succession options
A variety of succession options

Whichever path you go down, act now while you're still in control.

'I’ll never recommend bitcoin,' advisor insists
'I’ll never recommend bitcoin,' advisor insists

Pro-bitcoin professionals, however, say the cryptocurrency has ushered in change.

LPL raises target for advisors’ bonuses for first time in a decade
LPL raises target for advisors’ bonuses for first time in a decade

“LPL has evolved significantly over the last decade and still wants to scale up,” says one industry executive.

What do older Americans have to say about long-term care?
What do older Americans have to say about long-term care?

Survey findings from the Nationwide Retirement Institute offers pearls of planning wisdom from 60- to 65-year-olds, as well as insights into concerns.

SPONSORED The future of prospecting: Say goodbye to cold calls and hello to smart connections

Streamline your outreach with Aidentified's AI-driven solutions

SPONSORED A bumpy start to autumn but more positives ahead

This season’s market volatility: Positioning for rate relief, income growth and the AI rebound