ConvergEx Receives Three Best in Class Honors in PLANSPONSOR's 2010 Transition Management Survey

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May 19, 2010, 10:06 ET

NEW YORK, May 19 /PRNewswire/ -- ConvergEx Group, a leading provider of investment technologies and execution solutions to institutional clients worldwide, today announced that its Global Transition Management business has once again received high rankings in PLANSPONSOR magazine's annual Transition Management Survey.

ConvergEx received three Best in Class honors, including two Commended awards from Institutional Investors for "Execution" and "Pre-Trade, Post-Trade and Organization & Support." ConvergEx also received a Commended award from Consultants for "Execution." Institutional Investors rated ConvergEx particularly highly for "Timeliness of Responses to Inquiries."

The magazine noted that ConvergEx won praise for its "excellent project management and interaction with managers and custodians." Additionally, clients cited ConvergEx as "efficient, responsive, on top of the various parties and communicating every step of the way."

"Our solid results in this year's PLANSPONSOR survey demonstrate again how much our clients value the combination of our state-of-the-art technologies and global reach," said Carey S. Pack, chief executive officer of ConvergEx Execution Solutions.

"As managing transitions has become increasingly complex, we have dedicated our time to building out multi-asset class technologies that enhance our high-touch client service," commented Kal Bassily, CFA, managing director and head of Global Transition Management at ConvergEx. "We are honored to receive this recognition confirming that our clients appreciate our positive contributions to their transition objectives."

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

The listings in the 2010 Transition Management Survey represent data collected by PLANSPONSOR from transition managers and feedback from their clients. All data are as of December 31, 2009. For more information about the survey, visit http://www.plansponsor.com/.

ConvergEx Group is a leading financial technology company that provides investment technologies and execution solutions in over 100 global markets. The combination of its sophisticated proprietary technologies and vast global markets expertise enables the firm to present a unique offering in an evolving, competitive marketplace. Its 6,000 institutional clients include many of the world's most prominent asset managers, hedge funds, corporations, plan sponsors, broker-dealers and financial intermediaries. Formed in 2006, the firm has over 1,000 employees in 22 locations throughout the U.S., Europe, Asia, Australia and Africa.

BNY ConvergEx Group, LLC 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); NorthPoint Trading Partners, LLC (member FINRA/SIPC); Eze Castle Software LLC, and ConvergEx Research Solutions LLC, of which Jaywalk and Cogent Consulting are divisions. Additional information is available at www.convergex.com.