GNA Securities Inc., a leading supplier of brokers to banks, has hired Pershing to clear mutual fund trades.

Seattle-based GNA, which is a subsidiary of General Electric Co., previously cleared trades itself. It wants to expand services by outsourcing the business to Pershing, a division of Donaldson, Lufkin & Jenrette.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.