BNY ConvergEx Group, LLC, a provider of agency brokerage and investment technology applications, has announced name changes for two of its member companies. BNY Brokerage LLC, the firm’s US execution business, has changed its name to BNY ConvergEx Execution Solutions LLC. G-Port, which specialises in global program trading, has changed its name to ConvergEx Global Markets.
These name changes are the first in a planned series to take place throughout 2007 establishing BNY ConvergEx Group’s companies under the ConvergEx brand identity. BNY ConvergEx Group was formed in October 2006 through the merger of BNY Securities Group and Eze Castle Software LLC.
“Three months after its formation, BNY ConvergEx Group has emerged as a premier agency brokerage with the most diversified offering that includes global execution, investment technologies, transition management, commission management, research, and wholesale and outsourcing solutions,” says Joseph M. Velli, Chairman and CEO of BNY ConvergEx Group. “The name changes for our member companies firmly reinforce the ConvergEx brand as a source of top trading technology and execution expertise.”
“Our new name accomplishes two very important goals for us,” adds Carey S. Pack, the President of BNY ConvergEx Execution Solutions. “First, it highlights our role as the US trading arm for BNY ConvergEx Group. Additionally, it emphasises our core competency and our focus on our mission.”