Bank of New York Expands Global Transition Management Business
The Bank of New York has expanded its Global Transition Management team to support the growth of its business worldwide and increased client base it gained from the recent acquisition of Lynch, Jones & Ryan. (LJR).
BNY appointed Ken Temple as senior vice president, and Richard Dixon, vice president. Both will serve as product specialists working from New York.
“The expanded capabilities of BNY Global Transition Management are a perfect fit for LJR’s clients. In addition to a comprehensive offering that focuses on risk management and cost minimization, our clients will benefit from the broad expertise of BNY Global Transition Management and its ability to offer those capabilities through a single point of contact,” said Todd Burns, president of LJR, in a release.
BNY Global Transition Management, a unit of Bank of New York subsidiary BNY Brokerage, handles transitions involving global equities, global fixed income securities and foreign exchange.
BNY Brokerage is an institutional agency brokerage firm providing solutions to institutional asset owners, asset managers and broker-dealers worldwide. It offers specialized global transition management capabilities, commission management services, research and wholesale services.