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March 03, 2020 at 06:04 PM
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.
