Former J.P. Morgan transition management chief John Minderides has been hired to head State Street’s transition efforts in the United Kingdom. Rick Boomgaardt, head of EMEA transition management, has left the firm.
US trading technology company and agency brokerage ConvergEx Group has appointed Jim Karelas as head of transition management for the Asia-Pacific region. Karelas is based in Sydney, Australia and reports to Kal Bassily, head of global transition management.
Agency broker ConvergEx has retained James Elkins, a founder of transaction cost analysis firm Elkins/McSherry, as a consultant to its plan sponsor business. Elkins will advise ConvergEx on how customised transition management strategies can be used to reduce the costs associated with portfolio restructuring.
Agency brokerage and technology provider BNY ConvergEx has agreed to provide clients of BNP Paribas Securities Services, the post-trade administration division of French bank BNP Paribas, with transition management services.