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A Star Is Reborn: The Bank of New York's securities group has been recreated as a one-stop agency t

Traders Magazine, September 2002

Peter Chapman

Goodbye BNY ESI. Hello BNY Securities. After spending the last five years building up its agency brokerage services, the Bank of New York is launching the finished product. The newly-christened BNY Securities Group boasts twelve divisions and 925 employees servicing money managers, plan sponsors and broker dealers around the world. The BNY ESI moniker is scrapped. The decision to jettison the venerable ESI brand reflects the dramatic transformation of ESI & Co. since the bank bought it in 1997. From its roots as a 135-employee small-order electronic routing shop, ESI has blossomed into a full-service global player.

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