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Waterville Valley, Banking Capital of the World

by: Dean Barker

Wed Feb 25, 2009 at 22:51:32 PM EST


So many boards, so little time:
NEW YORK, Feb. 25 PRNewswire-FirstCall -- BNY ConvergEx Group, LLC, a leading provider of global agency brokerage and investment technology solutions, today announced that former United States Senator John Edward Sununu has been appointed to the Board of Managers of ConvergEx Holdings, LLC, the holding company of BNY ConvergEx Group.

...BNY ConvergEx Group, LLC provides global agency brokerage and investment technology solutions to institutional clients worldwide. The Company's key business lines -- Liquidity and Execution Management, Investment Technologies and Intermediary and Clearing Services -- focus on a broad array of services designed to deliver a comprehensive, integrated platform of performance-driven, global multi-asset class trading capabilities.

Dean Barker :: Waterville Valley, Banking Capital of the World
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What's really obvious is that none of these "management" (0.00 / 0)
outfits has a clue what managing resources and assets actually means.  Might as well be batting balloons back and forth.

Isn't this a pretty clear conflict of interest (4.00 / 1)
for someone on the TARP Oversight Board?

Yes. (0.00 / 0)
But BNY ConvergEx apparently doesn't think so:
He currently is a member of the Congressional Oversight Panel created to oversee the expenditure of Troubled Asset Relief Program (TARP) funds and to provide recommendations on regulatory reform.


[ Parent ]
LOL (0.00 / 0)
I wonder how long this company will stay in business.  John E. probably should have gotten a real job providing an actual service or producing an actual product instead.

[ Parent ]
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