Pershing has named long-serving employee and its most recent chief operating officer, Lisa Dolly, as its new CEO while also moving quickly to fill the vacant COO spot.
The BNY Mellon-owned company promoted Dolly to the chief executive role after Ron DeCicco retired following a 45-year career with Pershing.
Dolly’s role will be filled by Lori Hardwick who joins Pershing from Envestnet, where she had worked for 16 years, most recently as president of advisory services. In that role Hardwick oversaw all of Envestnet’s enterprise relationship management, institutional and global advisory sales, strategic partnerships, and practice management programs.
“Lisa and Lori will be a dynamic and complementary leadership combination, adding strength and depth to an industry leading team,” said Brian Shea, BNY Mellon vice chairman and CEO of Investment Services.
Referring to Dolly, Shea added: “We’ve selected a very capable and committed leader at a time when Pershing is in a strong position. 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.”
Over her 25-year career at Pershing, Dolly has held numerous leadership roles including overseeing the firm’s Managed Investment business and Lockwood Advisors. Dolly has also served as chief administrative officer at Pershing and chairperson of the Securities Industry and Financial Markets Association (SIFMA) Operations and Technology Steering Committee.
Dolly also volunteers her time with the 30% Club mentoring aspiring professional women.
Pershing welcomes new ‘dynamic’ duo
Pershing has named long-serving employee and its most recent chief operating officer, Lisa Dolly, as its new CEO while also moving quickly to fill the vacant COO spot.