BNY Mellon has appointed James T. Crowley as chief executive officer of BNY Mellon's Pershing, effective July 1. He succeeds Lisa Dolly, who will serve as chairman of Pershing through year-end, according to a news release.
Crowley, currently Pershing's chief operating officer, will report to Todd Gibbons, BNY Mellon’s vice chairman and chief executive officer of clearing, markets and client management. Crowley will join BNY Mellon's Executive Committee.
The release noted that Crowley has worked in various operating areas at Pershing, including a role on the floor of the New York Stock Exchange before leading marketing and business development. Subsequently, he moved into relationship management, taking on increasingly senior roles while building the firm's relationship management team. Prior to his current role, Crowley served as Pershing's chief relationship officer, working side-by-side with clients to help them build sustainable and profitable businesses, serve their clients more effectively and deliver an exceptional end-to-end experience.
Dolly, who has been with Pershing for 31 years, was appointed CEO in 2016. The release said she will act as an advisor to Crowley, assist in onboarding significant new business, and will continue to work with many of Pershing's most significant client relationships. Dolly will continue to represent Pershing and BNY Mellon within the financial services industry throughout this period.