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2014-11-24T00:00:00.000Z

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Wrong Francis La Salla?

Mr. Francis La Salla Frank

Managing Director

Pershing LLC

HQ Phone: (201) 413-2000

Pershing LLC

One Pershing Plaza

Jersey City, New Jersey 07399

United States

Company Description

Pershing LLC (member FINRA/NYSE/SIPC) is a leading global provider of financial business solutions to more than 1,150 institutional and retail financial organizations and independent registered investment advisors who collectively represent over five mill ... more

Find other employees at this company (2,399)

Background Information

Employment History

Board Member
Euroclear SA/NV

President-BNY Clearing Services LLC
The Bank of New York Company , Inc.

President
BNYC

Affiliations

Member of Operating Committee
BNY Mellon Asset Management Limited

Member
Security Industries Inc

Education

Bachelor of Science degree
Economics
The City University of New York

Bachelor of Science degree
Economics
The City University of New York at Staten Island

Master of Business Administration degree
Finance
Wagner College

Web References (184 Total References)


Press Releases | Pershing

www.pershing.com.au, $reference.date [cached]

Pershing's Frank J. LaSalla Named to Euroclear Board of Directors


Pershing Limited: share the burden – Frank La Salla - Future Banking

www.banking-gateway.com, $reference.date [cached]

Pershing Limited: share the burden – Frank La Salla | Pershing Limited: share the burden – Frank La Salla,

...
Pershing Limited: share the burden – Frank La Salla | Pershing Limited: share the burden – Frank La Salla,
...
Pershing Limited: share the burden - Frank La Salla
...
"The message that we give to financial services firms is that if you want to survive over the next three to five years, you will need to change your business model," says Frank La Salla, chairman of Pershing Limited.
As businesses respond to declining margins, increased regulation and left-over debt, many are looking to transform themselves operationally, starting with their cost structures and expenses.
"If you're a CEO or anyone in a C-suite right now, you can't just sit there and wait for this storm to pass," La Salla says. "At Pershing, we're actively engaging with people at the top level to talk to them about how they can continue to reduce expenses."
An open mind on outsourcing
For La Salla, this willingness to talk is one of the most eye-opening aspects of the current recession.
...
For La Salla, it is no longer enough to go from fixed to variable cost. What is important is producing the relevant front and back-end solutions that will help firms make the right decision.
"As the tools and methodologies get more sophisticated, being able to let go is a little easier for today's firms," he says. "People are embracing it.
...
"The numbers validate our thinking about the model in an indirect way," La Salla says.
...
"It's about sharing numbers with our clients and them telling us what their fixed costs are to run the business," La Salla says.
...
"We have more than 120 clients in the UK," says La Salla.
...
"It's not just that we can satisfy regulatory requirements today," La Salla says.
...
"From the beginning, we designed our solution to provide choice to all of our clients," explains La Salla.
...
"Being held in such high regard creates greater expectations and even higher standards," La Salla says.
...
Frank La Salla is chairman of Pershing Limited.


Pershing Limited: share the ...

www.banking-gateway.com, $reference.date [cached]

Pershing Limited: share the burden - Frank La Salla

Financial services firms need to change their business model if they want to...
Frank La Salla is chairman of Pershing Limited.


Press Releases | Pershing

xat-www.pershing.inautix.com, $reference.date [cached]

Pershing's Frank J. LaSalla Named to Euroclear Board of Directors


Press Releases | Pershing

www.pershing.com, $reference.date [cached]

Pershing's Frank J. LaSalla Named to Euroclear Board of Directors

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