Products May 10, 2003
BoNY Creates DB Transition Services Group
October 29, 2001 (PLANSPONSOR.com) - The Bank of New
York (BoNY) has launched a new unit, BNY Global Transition
Management, to assist defined benefit pension plan sponsors
with rebalancing their plans or transferring assets between
investment strategies, asset classes and investment
managers.
Reported by Camilla Klein
The unit offers a single point of coordination to provide a transition for the client from pre-trade analysis and setting the trading strategies through trade execution, clearing, and post-transition reporting.
BNY Global Transition provides transition management strategies in:
- US and international equities
- fixed income
- currency instruments
The new unit will operate as a separate division of
BoNY’s agency brokerage subsidiary, BNY ESI & Co.,
Inc. Frederick E Graboyes, managing director at BNY
ESI, will oversee the new group.