Cantor Fitzgerald continues prime services expansion
10 February 2011 New York
Image: Shutterstock
Cantor Fitzgerald & Co. have announced that the management team of PCS Dunbar 网爆吃瓜 is joining its Prime Services division. In a move to further increase the firm鈥檚 growing Prime Services business and breadth of products, the addition of the PCS Dunbar team expands our product reach, offering broader distribution of Cantor鈥檚 full-service, multi-asset prime brokerage platform.
鈥淭he deal marks an important step for our business and Cantor as we continue to increase our client base鈥� said Noel Kimmel, Senior Managing Director and Global Head of Cantor Prime Services. 鈥淲e are very pleased to have the PCS Dunbar team joining our platform, as they have a long and impressive track record of building customer relationships and share our focus on delivering a superior, custom- tailored client service experience. As the Prime Brokerage landscape continues to evolve, we think that further consolidation is likely and Cantor is uniquely positioned to benefit from those trends.鈥�
鈥淲e are thrilled to join Cantor鈥檚 team and are very enthusiastic about offering our clients a more robust Prime Services platform along with the broader capabilities of a global investment bank. Cantor Prime Services鈥� significant investment in technology accompanied by their client service focus has proven to be vital in landing some high profile clients,鈥� said Harry Freda, formerly the Chief Executive Officer of PCS Dunbar 网爆吃瓜 and now a Managing Director at Cantor.
PCS Dunbar鈥檚 Purchase, NY location will now operate under the Cantor Fitzgerald name and its members will report into Mr. Kimmel in New York City.
Cantor Fitzgerald added nearly a hundred sales and trading professionals in 2010 strengthening Cantor鈥檚 global presence in response to client interest and demand for broader product and service penetration. Focused on a capital structure-centric business model and cross-market strategy, Cantor Fitzgerald is continuing to grow the fixed income, equity and investment banking businesses.
鈥淭he deal marks an important step for our business and Cantor as we continue to increase our client base鈥� said Noel Kimmel, Senior Managing Director and Global Head of Cantor Prime Services. 鈥淲e are very pleased to have the PCS Dunbar team joining our platform, as they have a long and impressive track record of building customer relationships and share our focus on delivering a superior, custom- tailored client service experience. As the Prime Brokerage landscape continues to evolve, we think that further consolidation is likely and Cantor is uniquely positioned to benefit from those trends.鈥�
鈥淲e are thrilled to join Cantor鈥檚 team and are very enthusiastic about offering our clients a more robust Prime Services platform along with the broader capabilities of a global investment bank. Cantor Prime Services鈥� significant investment in technology accompanied by their client service focus has proven to be vital in landing some high profile clients,鈥� said Harry Freda, formerly the Chief Executive Officer of PCS Dunbar 网爆吃瓜 and now a Managing Director at Cantor.
PCS Dunbar鈥檚 Purchase, NY location will now operate under the Cantor Fitzgerald name and its members will report into Mr. Kimmel in New York City.
Cantor Fitzgerald added nearly a hundred sales and trading professionals in 2010 strengthening Cantor鈥檚 global presence in response to client interest and demand for broader product and service penetration. Focused on a capital structure-centric business model and cross-market strategy, Cantor Fitzgerald is continuing to grow the fixed income, equity and investment banking businesses.
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