Benjamin Harrison has been named head of the registered investment advisor custody division of  BNY Mellon's Pershing unit. He succeeds Mark Tibergien, effective June 1, 2020.

Harrison, currently the head of business development and relationship management for the advisory segment, reports to Jim Crowley, CEO of Pershing, and will become a member of Pershing's Executive Committee.

Tibergien has run Pershing's RIA custody business since 2008. He plans to retire on May 31. Before joing Pershing, Tibergien had headed the advisor consulting and valuation unit of Moss Adams, a Seattle-based accounting firm for several decades.

Pershing’s custody was relatively small when Tibergien joined the firm. Today, it has nearly $800 billion in assets.

"We are tremendously grateful to Mark for all his contributions," Crowley said in a press release. "Mark's unique vision and humble leadership has helped build our advisory business from the ground up and made Pershing one of the top players in the RIA custody space.

Harrison has spent more than two decades of experience in the business, working in business and product development, as well as client relationship management.In 2015, Harrison was named the head of business development for the RIA custody business and he assumed the additional role of relationship management in 2019.

"The growth potential for our advisory business has never been better," Harrison said in a prepared statement. "The changes in the RIA custody space are not only reaffirming our long-held strategy of focusing on growth-minded RIAs, but also creating brand new opportunities for us as the only remaining major business-to-business custodian. As we continue to align ourselves ever more closely with the way advisors want to do business, we are excited about the opportunities that lie ahead." 


 

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