ConvergEx Prime Services Announces Record Growth in 2013
NEW YORK, Jan. 8, 2014 /PRNewswire/ -- ConvergEx Group, a leading provider of global brokerage and trading-related services, today announced that ConvergEx Prime Services continued its strong growth throughout 2013. In the past twelve months, ConvergEx Prime Services added a record number of new client accounts and saw its revenue grow more than 20% year over year. Additionally, the business reached a new high in clients' assets under management.
"This year we have demonstrated tremendous growth on multiple fronts," said Doug Nelson, chief executive officer of ConvergEx Prime Services. "The strategy for our success lies in the breadth and diversity of our market-leading platform and our unwavering commitment to delivering services designed to help position our clients for growth."
"Our prospect pipeline is robust and we are very excited about the outlook for 2014," noted Michael DeJarnette, president of ConvergEx Prime Services. "Our commitment to working alongside our clients to provide customized solutions is what sets us apart from the competition and is a contributing factor to our success."
ConvergEx Prime Services is an industry-leading provider of integrated prime services to Hedge Funds, Family Offices, Mutual Funds and Registered Investment Advisors. It offers advanced technology, global execution and reporting tools provided by multiple prime custody options through Goldman Sachs Execution and Clearing, L.P., J.P. Morgan Clearing Corp and Pershing LLC. Its clients are exposed to a broad base of long-standing customer relationships with an experienced team providing high quality service and unique advantages in the marketplace.
About ConvergEx Group
ConvergEx Group is a leading provider of global brokerage and trading-related services for institutional investors and financial intermediaries. ConvergEx combines client-first service with innovative products, sophisticated strategies and proprietary technology to meet the challenges of increasingly dynamic and fast-paced markets. Headquartered in New York with a presence in several other key locations including London, Chicago, San Francisco, Boston and Atlanta, the company serves more than 3,000 clients accessing over 100 global market centers.
ConvergEx Group includes ConvergEx Execution Solutions LLC (member NYSE/FINRA/SIPC); LiquidPoint, LLC (member CBOE/SIPC); G-Trade Services LLC (member FINRA/SIPC); Westminster Research Associates LLC (member FINRA/SIPC); ConvergEx Prime Services LLC (member FINRA/SIPC); ConvergEx Solutions LLC, of which ConnEx, Jaywalk and LDB are divisions; and ConvergEx Limited in the UK and Australia. ConvergEx Group, LLC is a subsidiary of ConvergEx Holdings, LLC. Additional information is available at www.convergex.com.
Contact: Michael Kingsley
SOURCE ConvergEx Group