The Metro Orlando Economic Development Commission (EDC) has announced that Pershing LLC, a BNY Mellon company, will expand their operations in Lake Mary, Florida.
Pershing currently has over 450 employees at their Lake Mary facility and will now add 300 new jobs over the next three years. The company will also add an additional 23,000 square feet to their existing footprint in Colonial TownPark with an expected capital investment of $4.5 million. Pershing is headquartered in Jersey City, New Jersey and has operated in Lake Mary since 2006.
Richard Brueckner, chief executive officer of Pershing LLC, said "After exploring other domestic and international locations, Pershing committed to expansion in Lake Mary as an optimum location to grow our business. The BNY Mellon enterprise will continue to realize benefits in support of our business in Lake Mary and the greater Orlando region through our collaboration with local agencies and by leveraging the skills of the local workforce. We look forward to strengthening our partnerships in support of the local community."
The Metro Orlando Economic Development Commission (EDC) provided assistance with Qualified Target Industry Tax Refund (QTI) and Quick Response Training (QRT) applications. The company will receive $900,000 in QTI tax refunds from Seminole County and the State of Florida. QRT is still in processing.
"We were pleased to work with Pershing to help ensure they stay and grow their operations here in Metro Orlando," said Ray Gilley, president and CEO of the Metro Orlando EDC.
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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 approximately five million active investors. Located in 20 offices worldwide, Pershing and its affiliates are committed to delivering dependable operational support, robust trading services, flexible technology, an expansive array of investment solutions, practice management support and service excellence. Pershing is a member of every major U.S. securities exchange and its international affiliates are members of the Deutsche Börse, the Irish Stock Exchange and the London Stock Exchange. Pershing LLC is a BNY Mellon company. Additional information is available at www.pershing.com.
