Pershing announced that Lisa Dolly has been named as the company's new chief executive officer, effective February 16, 2016.
Dolly, currently the firm's chief operating officer, succeeds Ron DeCicco, who after a long and distinguished 45-year career with Pershing, has decided to retire from his role as chief executive officer of Pershing. As part of the leadership transition, he will serve as an executive advisor over the next year working closely with Dolly, Pershing's executive committee and key clients.
"We've selected a very capable and committed leader at a time when Pershing is in a strong position," said Brian Shea, BNY Mellon vice chairman and CEO of Investment Services. "For the past three years, Lisa has been an exemplary chief operating officer and in her new role as Pershing's CEO, I am confident that she will lead the company to continued success."
"I also want to recognize and thank Ron for being an outstanding leader, consistently putting the good of our clients, the company, the industry and the well-being of employees as his highest priorities", said Shea. "Ron has been a strong, highly effective and responsible leader and we have been extremely fortunate to have had him as CEO and now as an executive advisor."
Dolly is a member of Pershing's executive committee and BNY Mellon's Operating Committee. Over her 25-year career at Pershing, she has held numerous leadership roles prior to becoming Pershing's COO. She was responsible for the firm's Managed Investment business and Lockwood Advisors, Inc., managed global operations, and served as chief administrative officer overseeing a number of internal and operational functions. Dolly has served as chairperson of the Securities Industry and Financial Markets Association (SIFMA) Operations and Technology Steering Committee and has served on cross-industry committees with DTCC. In addition, she volunteers her time with the 30% Club mentoring aspiring professional women.
An announcement of Dolly's successor as chief operating officer of Pershing is expected in the coming weeks.