Transition Trading

Agency broker ConvergEx has retained James Elkins, a founder of transaction cost analysis firm Elkins/McSherry, as a consultant to its plan sponsor business. Elkins will advise ConvergEx on how customised transition management strategies can be used to reduce the costs associated with portfolio restructuring. read more »

Agency brokerage and technology provider BNY ConvergEx has agreed to provide clients of BNP Paribas Securities Services, the post-trade administration division of French bank BNP Paribas, with transition management services. read more »

BNY ConvergEx, a trading technology provider and global agency brokerage, has appointed Sam Lundqvist as its new head of European transition management. read more »

Instinet Pacific Limited, a subsidiary of agency broker Instinet, has launched a transition management service for the Australian marketplace. read more »

Agency broker and technology provider BNY ConvergEx has launched a clearing solution for small- and medium-sized pension funds that will allow them to take advantage of transition management services. read more »

Investment banks on the fringes of the transition management business may soon start to withdraw, analysts at the Tabb Group told theTRADEnews.com. read more »

The number of banks that actively pursue transition mandates is expected to drop over the next two years, according to new a study from research and consulting firm Tabb Group. read more »

The T-Charter, a voluntary code of best practice for transition managers, has been declared “a significant step forward for the industry” by BlackRock Merrill Lynch. read more »

Citi announced yesterday that it has promoted Richard Evans to global head of its electronic execution business. read more »