ConvergEx Group has changed the name of NorthPoint Trading Partners to ConvergEx Prime Services. The name change is “a logical step in the evolution of this business,” says Joseph Velli, chairman and chief executive officer of ConvergEx Group.
“Our organisation has expanded and changed in tremendous ways. The synergies that have been created [have] allowed us to offer our customers differentiated services,” says Douglas Nelson, chief executive officer of ConvergEx Prime Services. Nelson and Michael DeJarnette, president of ConvergEx Prime Services, will each continue in their respective roles. The business will continue to be based out of Atlanta, Georgia, and all of its clearing and custody arrangements, products, partnerships and projects will continue uninterrupted.