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Products March 18, 2008
BNY ConvergEx Teams With Plexus Plan Sponsor Group
March 18, 2008 (PLANSPONSOR.com) - BNY ConvergEx
Group, LLC, a provider of global agency brokerage and
investment technology solutions, has entered into a strategic
alliance with the Plexus Plan Sponsor Group.
Reported by Nevin E. Adams
Plexus Plan Sponsor Group is a division of ITG that offers plan sponsors, endowments and foundations, mutual funds, insurance companies and fund of fund managers’ tools to examine the entire costs of the trading process.
As part of the agreement, ConvergEx will distribute Plexus’ transaction cost analysis products to its global plan sponsor and pension clients, as well as other institutional asset owners, including unions, endowments, and mutual funds. In addition, the two firms will work together on various transaction cost analysis and risk measurement initiatives for the benefit of their respective client bases. For example, Plexus and ConvergEx will join with PLANSPONSOR to host a series of webcasts focused on transition management and commission recapture.
Carey S. Pack, President, BNY ConvergEx Execution Solutions, commented, “Plexus is an industry leader in providing world-class transaction cost analysis products to the institutional investor community, and we are very excited about the substantial benefits that this partnership is going to bring to our clients.”