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ConvergEx Receives Top Rankings in PLANSPONSOR's 2009 Transition Management Survey

Posted on: Thursday, 21 May 2009, 09:46 CDT

NEW YORK, May 21 /PRNewswire/ -- ConvergEx, a premier provider of investment technology solutions and global agency brokerage services, today announced that its Global Transition Management business has tied for most Best in Class awards in PLANSPONSOR magazine's 2009 Transition Management Survey.

ConvergEx scored highest for its Execution services, where it won Best in Class honors and was "Top-Rated" by consultants and "Commended" by institutional clients. ConvergEx also received Best in Class honors and was "Commended" by consultants for its "Pre-Trade, Post-Trade, and Organization & Support Services."

The magazine noted that ConvergEx "won praise for its clear-cut timelines and responsiveness to clients' changing needs," and "one institutional client raved, 'I would highly recommend them to anyone.'"

"Our tremendous results in this year's PLANSPONSOR survey show once again that ConvergEx's unique combination of advanced technologies and global execution capabilities is ideally positioned for our clients' success," said Carey S. Pack, chief executive officer of BNY ConvergEx Execution Solutions.

"We are proud of our tradition of putting client service above all else and are honored to receive this recognition," commented Kal Bassily, CFA, managing director and head of Global Transition Management at ConvergEx. "Our goal is to maximize the value of our clients' investment decisions and these results confirm that our clients appreciate our positive contributions to their objectives."

With a dedicated team of Global Transition Management professionals worldwide, ConvergEx's experience, world-class capabilities and dedicated expertise help to provide clients with customized transition strategies that can preserve assets, minimize market impact, manage risk and minimize cost.

The listings in the 2009 Transition Management Survey represent data collected by PLANSPONSOR from transition managers and feedback from their clients on their portfolio transitions in 2008. For more information about the magazine, visit http://www.plansponsor.com/.

About ConvergEx

BNY ConvergEx Group, LLC provides investment technology solutions and global agency brokerage services to institutional clients worldwide. The Company's key business lines -- Investment Technologies, Liquidity & Execution Management and Intermediary & Clearing Services -- provide a full array of leading technologies and an integrated platform of performance-driven, global trading capabilities. BNY ConvergEx Group is comprised of the following businesses: BNY ConvergEx Execution Solutions LLC (member NYSE/FINRA/SIPC), LiquidPoint, LLC (member CBOE/SIPC); Eze Castle Transaction Services LLC (member FINRA/SIPC); Westminster Research Associates LLC (member FINRA/SIPC); G-Trade Services LLC (member FINRA/SIPC); BNY Jaywalk LLC; ConvergEx Global Markets Ltd. and Eze Castle Software LLC. Additional information is available at www.bnyconvergex.com.

SOURCE ConvergEx

Source: PR Newswire

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