ConvergEx Bolsters Prime Brokerage Business

New York-based BNY ConvergEx Group has expanded its NorthPoint Trading Partners prime brokerage subsidiary after acquiring it in December 2009. Four new hires have been added to the firm's headcount: Michael McLoughlin, Jay Mercier, Raoul Scott and Erik Fuchs.

McLoughlin and Mercier have signed with NorthPoint's Electronic Execution group, while Scott and Fuchs have joined NorthPoint's Client Serving team.

According to NorthPoint, the expansion was necessary due to the large number of ConvergEx

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