Chief Credit Strategist

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					Contact: Elizabeth Anderson

For Immediate Release

      BNY ConvergEx Group Names Nicholas Colas Chief Market Strategist

New York, February 12, 2009 – BNY ConvergEx Group, LLC, a leading provider of global agency
brokerage and investment technology solutions, announced today that Nicholas Colas has been
appointed as the firm’s chief market strategist.

“Nick’s many years of experience tracking and analyzing the markets makes him ideally suited for this
role,” said Joseph M. Velli, chairman and chief executive officer of BNY ConvergEx Group. “In
today’s tumultuous and often challenging marketplace, his insight will be a tremendously valuable
resource for clients.”

Mr. Colas, who joined the organization in 2006, also serves as the director of research for BNY
Jaywalk, the independent equity research consultancy of BNY ConvergEx Group.

Before joining ConvergEx, Mr. Colas spent three years at Rochdale Securities, LLC, a provider of
brokerage and independent research services, where he founded the equity research team and was
responsible for the development of the firm’s proprietary valuation model.

Prior to his tenure at Rochdale, Mr. Colas served as a portfolio manager at SAC Capital and Silver
Capital Management. Earlier in his career, he was a senior equity analyst at Credit Suisse First
Boston. Mr. Colas holds an M.B.A. from the University of Chicago Graduate School of Business and a
B.A. from Haverford College.


About BNY ConvergEx Group
BNY ConvergEx Group, LLC provides global agency brokerage and investment technology solutions
to institutional clients worldwide. The Company’s key business lines – Liquidity and Execution
Management, Investment Technologies and Intermediary and Clearing Services – focus on a broad
array of services designed to deliver a comprehensive, integrated platform of performance-driven,
global multi-asset class trading capabilities. BNY ConvergEx Group is comprised of the following
businesses: BNY ConvergEx Execution Solutions LLC (member NYSE/FINRA/SIPC), LiquidPoint,
LLC (member CBOE/SIPC); Eze Castle Transaction Services LLC (member FINRA/SIPC);
Westminster Research Associates LLC (member FINRA/SIPC); G-Trade Services LLC (member
FINRA/SIPC); BNY Jaywalk LLC; ConvergEx Global Markets Ltd. and Eze Castle Software LLC. BNY
ConvergEx Group is an affiliate of The Bank of New York Mellon Corporation. Additional information
is available at

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