Penserra Continues Expansion of Transition Management
PR Newswire Association LLC |
In March, BNY Mellon became the latest firm to cease offering transition management services. Last year, JP Morgan, Convergex, and Credit Suisse, also closed their transition management units. The speculation has been that these firms exited transition management services because of contracting margins and regulatory changes.
"Both Calvin and Sam bring a long track record of creating thoughtful trade strategies and successfully managed transition events across a broad range of institutional clients," said
"The number of transition events each year has remained relatively stable yet there are fewer firms that now offer transition management services," added
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