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Practice Management > Building Your Business

Pershing's Mark Tibergien Is Retiring

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Mark Tibergien, head of the RIA custody business for BNY Mellon’s Pershing, is retiring at the end of May, Pershing announced late Tuesday.

Benjamin Harrison, the firm’s current head of business development and relationship management for the advisory segment, will succeed him on June 1. Harrison will report to Pershing CEO Jim Crowley and join Pershing’s Executive Committee.

No further details were given for the timing of Tibergien’s retirement from corporate life or his future activities.

In the interim, Harrison will work closely with Tibergien to assist in the transition.

“We are tremendously grateful to Mark for all his contributions,” Crowley said in a statement. “Mark’s unique vision and humble leadership has helped build our advisory business from the ground up and made Pershing one of the top players in the RIA custody space.

“Ben has been a key member of Mark’s leadership team since day one and played an important role in building and growing our footprint in the RIA segment,” he added.

(See Tibergien’s column in March’s Investment Advisor: What’s the Real Deal With M&As?)

Harrison, who joined Pershing in 2006, became head of business development for the RIA custody business in 2015 and took on the additional role of relationship management in 2019.

Tibergien, a financial journalist early in his career, joined Pershing in 2007 after he spent nearly 14 years as a principal at the accounting and consulting firm Moss Adams LLP; at the consultancy, he led its Business Consulting and Business Valuation groups and served as chairman of  ts Financial Services Industry group.

He has worked on business management issues, transition planning and strategy formulation since 1976.

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In 2017, a survey by Investment Advisor magazine, ThinkAdvisor’s print publication, named  Tibergien “The Most Influential Person in Financial Services.” The magazine recognized him as one of the “25 Most Influential People” in the financial services industry 15 times.

Tibergien is the author of four books on the industry, including The Enduring Advisory Firm, which he co-authored with Kim Dellarocca, and he has has been a regular columnist for Investment Advisor magazine and monthly contributor to ThinkAdvisor on management issues since 2005.

He also is a  member of the Advisory Council for the CFP Board Center for Financial Planning and Chair of its Workforce Development Committee.

– Tibergien’s column in December’s Investment Advisor: When Giving Back Means Lifting Up


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