ConvergEx Appoints Adam Esposito to its Global Transition Management Team

New York - 16 November 2010

ConvergEx Group, a leading technology company, today announced that Adam C. Esposito has joined the firm’s Global Transition Management team in New York. In his role, Mr. Esposito works with new and existing clients to develop customized strategies to implement cost-effective portfolio restructurings. He reports to Kal Bassily, CFA, managing director and head of Global Transition Management.

Prior to joining ConvergEx, Mr. Esposito spent 13 years at Goldman Sachs, most recently in the firm’s Transition Management and Pension groups.

“We are delighted to welcome Adam to our team. His highly technical background, which includes extensive derivatives experience, will be a further enhancement to our broad product offerings,” commented Mr. Bassily. “This appointment demonstrates our commitment to growing our Transition Management business and is a reflection of our ability to give our clients access to top industry talent.”

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.

ConvergEx is a leading technology company providing products and services to asset managers and financial intermediaries globally. Its products and services span the investment life cycle and center on the development, marketing and servicing of technology-based solutions that enable clients to achieve improved investment results through operational and workflow efficiencies, execution and analytical tools and highly personalized service. The firm serves more than 6,000 institutional clients in 100 global markets. Formed in 2006, the firm has over 1,000 employees in 22 locations throughout the U.S., Europe, Asia, Australia and Africa.

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