December 10, 2010, Bloomberg Businessweek
Cantor Fitzgerald LP, the bond broker transforming itself into an investment bank, hired five people in London to broaden its fixed-income sales and trading business in Europe.
The firm hired Brian Jensen and Mark Perry from Conduit Capital Markets Ltd. and Geoffrey Snell and Luke Walton from Mitsubishi UFJ Financial Group Inc. for investment-grade corporate bonds, according to John Baldo, global head, fixed income sales manager at Cantor. Neill Keaney has joined from Citigroup Inc. to trade high-yield bonds.
New York-based Cantor, one of 18 primary dealers authorized to trade U.S. government securities with the Federal Reserve Bank of New York, aims to more than double its staff in Europe within two years from 180 as financial markets recover from the worst recession since the Great Depression.
“We are quickly but selectively adding people,” Baldo said in an interview.
Jensen will trade corporate bonds and Perry will focus on debt of financial institutions. Snell and Walton will be responsible for corporate and financial bond sales.
Since September 2009, Cantor has hired more than 20 people for its asset-backed securities, high-yield debt and emerging markets businesses. The expansion since 2008 into investment banking and out of its traditional stronghold of bond brokering has included new offices in São Paulo, Moscow, and Beijing.