ConvergEx, Marwood Group Form Alliance

Under the agreement, ConvergEx clients could use its execution technologies to generate credits for Marwood’s healthcare research.

Edward Kennedy Jr., President and co-founder of the Marwood Group, said in a statement, “ConvergEx has committed itself to building imaginative and innovative investment technologies that their clients have come to value tremendously. We are very pleased to introduce our clients to ConvergEx so they will benefit from the access to Wall Street’s largest aggregator of soft-dollars as well as their advanced, global capabilities.” Added Joseph Velli, chairman and chief executive officer of ConvergEx Group, “We are honored to be able to form this agreement with the Marwood Group. Their clients understand the difference high-quality investment products make and we look forward to working with them and offering our customized technologies and services.”