ConvergEx, Standish Team On Distressed-Asset Advisory Services

Posted by Orb Staff on August 06, 2009 No Comments
Categories : Mortgage Servicing

ttp://www.bnyconvergex.com]ConvergEx[/url], a provider of investment technology solutions, is collaborating with [link=http://www.standish.com][u]Standish Asset Management Co.[/u][/link] LLC's Global Workout Solutions group to provide clients access to a fiduciary advisory business designed to manage exposures related to distressed, illiquid and hard-to-value assets. ‘By working together with Standish, we are offering our clients a solution to some of the very real challenges they still face with specific fixed-income products,’ says ConvergEx's managing director, Kal Bassily. Through the agreement, ConvergEx will be able to offer its plan sponsor and pension fund clients access to Standish's Global Workout Solutions' services in assessing the risk and value of mortgage- and asset-backed securities, collateralized debt obligations, structured investment vehicles, and other structured and corporate finance investments. SOURCES: [link=http://www.bnyconvergex.com]ConvergEx[/link], [link=http://www.standish.com]Standish

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