ConvergEx Makes Senior Commission Management Appointment

New York - 8 September 2010

ConvergEx Group, a leading technology company, today announced that Maureen Shankar has joined the firm’s Westminster Research Associates business, the largest and most respected provider of commission management technologies and services to the institutional investment community. In her new role, Ms. Shankar will be a senior vice president and located in New York.

Before joining ConvergEx, Ms. Shankar was head of Commission Management Services at Instinet, LLC and was responsible for the sales, operations and business development for the firm’s soft dollar business.

“We are delighted to welcome Maureen to ConvergEx,” said John Meserve, executive managing director and head of the commission management business at ConvergEx Group. “She brings a wealth of talent and experience to our team and will be a key asset as we continue to grow this business and further develop our world-class commission management technology solutions.”

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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