Article: Manager Briefs: BNY, Eze Castle, private equity firm form joint venture.(Briefs)(Bank of New York,Eze Castle Software and GTCR Golder Rauner)(Legg Mason realigned)(Victory Capital Management Inc.hires personnrl from Fiduciary Global Advisors)

NEW YORK - The Bank of New York will team up with Eze Castle Software and private equity firm GTCR Golder Rauner to form BNY ConvergEx Group, BNY spokesman Kevin Heine confirmed. The joint venture will combine BNY's trade execution, commission management and transition management business with Eze's trade-order management business. It is expected to open by the end of September, pending regulatory approval.

BNY ConvergEx will offer pre-trade, trade and post-trade services aimed at money managers, hedge funds, broker-dealers, corporations and plan sponsors. Joseph Velli, senior vice president at BNY, will be chairman and chief executive officer.

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