BNY CONVERGEX GROUP APPOINTS STEPHEN WONTNER AS HEAD OF SALES FOR CONVERGEX GLOBAL MARKETS

London - 12 March 2007

BNY ConvergEx Group, LLC, a leading provider of agency brokerage and investment technology solutions, has appointed Stephen Wontner as head of sales for ConvergEx Global Markets (formerly known as G-Port). Stephen, who is based in London, will be responsible for sales of global agency brokerage services to the institutional investment community in Europe. He will report to Anthony Blumberg, President of ConvergEx Global Markets, who is based in New York.

With more than 20 years experience in the financial services industry, Stephen joins ConvergEx Global Markets from E*Trade where he managed business development of execution services to institutional and hedge fund clients. Prior to E*Trade, Stephen spent five years at Commerzbank Securities on the European equity sales team utilising his knowledge of the UK fund management industry to sell electronic trading and dynamic swaps.

Anthony Blumberg, President, ConvergEx Global Markets said, “Stephen is a valuable recruit to the ConvergEx team and his wealth of experience in business development, and knowledge of the wider industry bolsters our commitment to providing our clients with first class trading technology and execution expertise.”

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