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People moves news

New appointments at Cantor Fitgerald


09 March 2012 New York
Reporter: Ben Wilkie

Generic business image for news article
Image: Shutterstock
Cantor Fitzgerald has strengthened its Prime Services Group with the additions of John Fiore and Marc Young.

Fiore, formerly of Bank of America, and Young, formerly of BNP Paribas, will serve as managing directors of sales, responsible for business development and origination for hedge fund clients. Fiore will be located in New York, while Young will be based in San Francisco.

The appointments reflect Cantor's commitment to growing its prime brokerage business through enhanced client coverage, and broader distribution of its full-service equity and fixed income prime brokerage capabilities to hedge funds and money managers.
Noel Kimmel, senior managing director and global head of prime services at Cantor Prime Services said, "Cantor Prime Services is committed to meeting each client's needs with exceptional service and execution. John and Marc have proven track records with deep knowledge and strong relationships within the hedge fund industry and prime brokerage space. Their appointments strengthen our team and help to drive our business forward as we build an even greater market franchise."

"This is an exciting time to be part of the growth story at Cantor Prime Services as the mid-market hedge fund space continues to be underserved by investment firms," Fiore and Young said in a joint statement. "We believe Cantor is uniquely positioned to seize opportunities in this marketplace while leveraging its relationships and brand awareness."
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