ConvergEx Appoints Jim Karelas Head of Asia-Pacific Transition Management

NEW YORK, Aug. 23, 2011 /PRNewswire/ -- ConvergEx Group, a leading technology company, today announced that Jim Karelas has joined the firm as head of Asia-Pacific Transition Management.  In his new role, Mr. Karelas is based in Sydney, Australia and reports to Kal Bassily, head of Global Transition Management.

"Jim brings with him many years of experience in the transition management space, excellent product knowledge and a wealth of relationships," said Mr. Bassily. "He joins us at a time when we expect to achieve tremendous growth in Asia and Australia."

Mr. Karelas was previously with J.P. Morgan in Sydney, where he was responsible for establishing the company's transition management capabilities throughout Australia and Asia.  Before that, he held a number of relevant positions at MLC Investment Management and State Street.

With a dedicated team of transition management professionals worldwide, ConvergEx's experience and world-class expertise provide clients with customized transition strategies that can preserve assets, minimize market impact, manage risk and minimize cost.

ConvergEx recently received three Best-in-Class honors in PLANSPONSOR magazine's 2010 Transition Management Survey.

About ConvergEx Group

ConvergEx Group is a leading technology company providing mission-critical proprietary software products and technology-enabled services to asset managers and financial intermediaries globally.  Its products and services span the investment life cycle and are designed to enable customers to achieve improved results through operational and workflow efficiencies, execution and analytical tools and highly personalized service. The firm serves customers accessing over 100 global markets.  Formed in 2006, the firm has over 1,200 employees in 22 locations throughout the U.S., Europe, Asia, Australia and Africa.

BNY ConvergEx Group, LLC is comprised of the following businesses: BNY ConvergEx Execution Solutions LLC (member NYSE/FINRA/SIPC), LiquidPoint, LLC (member CBOE/SIPC); Eze Castle Transaction Services LLC (member FINRA/SIPC); Westminster Research Associates LLC (member FINRA/SIPC); G-Trade Services LLC (member FINRA/SIPC); NorthPoint Trading Partners, LLC (member FINRA/SIPC); Eze Castle Software LLC,  RealTick LLC and ConvergEx Research Solutions LLC, of which Jaywalk, Cogent Consulting and LDB are divisions.   Additional information is available at www.convergex.com.

Contact:
Elizabeth Anderson
[email protected]
212.468.7713

SOURCE ConvergEx Group