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