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New COO for Pershing Advisor Solutions

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Pershing Advisor Solutions (PAS) has named Karen Novak as COO. Novak, who joined Pershing in 1996 and most recently was a managing director and chief operations manager for PAS, will report to Mark Tibergien, CEO of Pershing’s advisor custody arm. John Iachello was the last person to fill the role of COO at Pershing Advisor Solutions; he retired in late 2007 following Tibergien’s hiring from Moss Adams.