20 October 2017
visit www.avoka.com

BNY ConvergEx brings transition management to small and medium-Sized pension funds

04 November 2008  |  1269 views  |  0 Source: BNY ConvergEx

BNY ConvergEx Group, a leading provider of global agency brokerage and investment technology solutions, today announced that it has created a new solution that enables small and medium-sized pension funds to leverage the benefits of international asset reallocation opportunities.

Through its global transition management business, ConvergEx has created a new clearing solution that gives small and medium sized pension fund clients investing in commingled funds the ability to use transition management to make changes in investment strategy. ConvergEx's global clearing arrangements allow it to offer efficient global trading and settlement to those clients without their own global clearing and settlement framework in place.

"As the recent uncertainty in the equity markets has demonstrated, having access to a multitude of markets and asset classes is essential when seeking enhanced returns, beating benchmarks, or simply staying above water," stated Carey S. Pack, Chief Executive Officer, BNY ConvergEx Execution Solutions. "This is another prime example of ConvergEx's ongoing commitment to creating unique solutions to the increasingly sophisticated demands of our global transition management clients."

Kal Bassily, CFA, Managing Director and Global Head of BNY ConvergEx Group's global transition management business, commented, "Clients who lack the ability to trade and settle their portfolios in non-US securities are exposed to greater risk during the transition process if the trade involves a large cash funding component. We have created a unique remedy to this problem by allowing small and medium-sized pension funds to participate in transitions as they never have before, while both expanding the breadth of opportunities available to them during changes in investment strategy and increasing our ability to hedge and mitigate risk."

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
Register nowvisit www.innotribe.com

Who is commenting?

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
15902 views comments | 12 tweets | 4 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
9007 views comments | 16 tweets | 23 linkedin
satelliteGates Foundation backs Ripple collaboratio...
8138 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
7182 views comments | 9 tweets | 17 linkedin
Santander InnoVentures leads $6m funding round for Mexico's ePesosSantander InnoVentures leads $6m funding r...
6327 views comments | 6 tweets | 3 linkedin

Featured job

Competitive base, commission, benefits
London, UK

Find your next job