Inside Scoop: BNY Mellon's Secret Layoff Strategy — Key Highlights
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Pershing advisor solutions coo karen novak is among those leaving the ria custodian.
Bny mellon is laying off employees within its pershing clearing and custody division, including its longtime ria business coo, according to sources with knowledge of the situation.
Bank of new york mellon corp is planning to cut around 3% of its workforce this year, a source familiar with the matter told reuters on friday, joining a number of wall street firms in trimming headcount to cope with turbulent markets.
Layoffs at bny mellon have impacted employees across several departments, with the bank making efforts to ease the transition for those affected.
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