The PNC Financial Services Group has announced that its PFPC business unit has been renamed PNC Global Investment Servicing.
“Our new name reflects PNCs investment in our business and illustrates PNCs commitment to our shared vision for growth,” says Timothy G. Shack, chairman, PNC Global Investment Servicing. “It also affirms that PNC provides a comprehensive range of financial services worldwide.”
In Europe, PFPC International Limited will now operate as PNC Global Investment Servicing (Europe) Limited and PFPC Bank Limited as PNC International Bank Limited. ADVISORport, Albridge Solutions, Inc. and Coates Analytics, LP will retain their respective naming architecture as PNC companies. In addition, PFPC Distributors, Inc. and PFPC Trust Company will continue doing business under their current names.
“This new brand reinforces our continuing strategy to evolve our business model,” says Stephen M. Wynne, chief executive officer, PNC Global Investment Servicing. “We have retained our leadership position within the U.S. processing business and expanded our international operations. Recently we added new and unique business intelligence and analytics services that allow us increasingly to serve as an information provider as well as an information processor.”