Pershing Advisor Solutions LLC today announced it hired Mark Tibergien as its new chief executive officer. The hiring of Tibergien, a well-regarded financial services industry consultant who comes over from Moss Adams LLP in Seattle, is a coup for Jersey City, N.J.-based Pershing.
Tibergien will report to Richard Brueckner and Brian Shea, Pershing LLC's chairman and chief executive officer and president and chief operating officer respectively. Tibergien will also be a member of Pershing LLC's Executive Committee.
"Mark is a renowned expert in his field, and his knowledge and broad range of experience will help us to take further advantage of the significant opportunities in the RIA marketplace," said Brueckner.
Pershing Advisor Solutions LLC is an affiliate of Pershing LLC, a subsidiary of The Bank of New York Mellon that is a leading global provider of financial business solutions to more than 1,150 institutional and retail financial organizations and independent registered investment advisors who collectively represent more than five million active investors.
Tibergien's hiring is expected to strengthen Pershing Advisor Solutions' management team and enhance its ability to deliver solutions to the rapidly growing RIA marketplace. Tibergien is a nationally recognized expert and consultant on management issues within the financial services industry. At Moss Adams he was partner-in-charge of the Business Consulting Group, chairman of the Financial Services Industry Group and partner-in-charge of the Business Valuation Group.
Tibergien has consulted for some of the biggest financial advisory firms in the country, as well as some of the biggest custodians such as Fidelity and Schwab. His contacts are valuable for Pershing, which is targeting the industry's larger firms. Tibergien says Pershing approached him regarding its growth plans and his interest in coming on board to be a part of it. He had consulted with Pershing for several years, was familiar with the company, and was intrigued by the notion of using his industry knowledge and applying it in different ways from an executive-level perspective.
The new job starts on October 1, and Tibergien and his wife will relocate from Seattle to the East Coast. "We're looking forward to the move," he says. "It's time to shake up things in our lives."