BNY ConvergEx Group Hires William Burke as Director of Sales for Research Business

New York, NY - 28 February 2007

BNY ConvergEx Group, LLC, a leader in agency brokerage and investment technology solutions, today announced that William W. Burke has joined the organization as Director of Sales for BNY Jaywalk, the firm's independent research consultancy.

In this new position, Mr. Burke will lead sales outreach to Jaywalk's institutional client base. He will focus on introducing money managers to the recently launched Jaywalk 360 service, which matches research from Jaywalk's global network of more than 150 independent research providers (IRPs) with each client's unique investment parameters and individual areas of interest, using performance screening to identify the IRPs best qualified to serve those interests. He will report to John D. Meserve, Director of BNY ConvergEx Group.

Mr. Burke comes to BNY ConvergEx Group with more than twenty years of equity sales trading experience, serving most recently as Managing Director and Head of Equity Sales Trading for Robertson Stephens. Previously, Mr. Burke worked as a sales trader at Cowen & Company, Furman Selz, and Paine Webber. He holds a B.S. from Fordham University in New York City.
"Bill's extensive experience in equity sales trading will be a critical component in our efforts to broaden the reach of our Jaywalk offering within the buy-side community," said Joseph M. Velli, Chairman and Chief Executive Officer of BNY ConvergEx Group, LLC.

John D. Meserve, Director of BNY ConvergEx Group, LLC said, "Bill has a sterling track record leading equity sales trading teams, which makes him the ideal person to communicate the unmatched breadth and quality of Jaywalk's independent research offering to our rapidly growing client base of hedge fund and traditional money managers."

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