Record New Client Numbers For BNY ConvergEx Group's Business LJR Recapture Services

BNY ConvergEx Group, LLC, a provider of agency brokerage and investment technology applications, had record new client numbers for its commission recapture business in 2006. Globally, 279 new clients entered into commission recapture programs with LJR Recapture Services, up from

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BNY ConvergEx Group, LLC, a provider of agency brokerage and investment technology applications, had record new client numbers for its commission recapture business in 2006.

Globally, 279 new clients entered into commission recapture programs with LJR Recapture Services, up from 217 in 2005, a 29% increase, year-over-year.

This number represents a record high for LJR Recapture Services since joining The Bank of New York’s affiliate BNY ConvergEx Group in 2005.

“On behalf of all commission recapture providers, this is very encouraging news,” says Todd W. Burns, Senior Managing Director and Division Head of LJR Recapture Services. “The continued customer growth in our business reflects ConvergEx’s ongoing commitment to providing the best service and product innovations to our clients.”

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