New York, NY – December 15, 2014 – Cantor Fitzgerald, a leading global services financial firm, today announced the expansion of its whole loan sales and trading team with the appointment of Gary Wang and Karl Partch as Managing Directors. Messrs. Wang and Partch, who are joining from Wunderlich Securities, will expand Cantor’s whole loan trading platform and focus on portfolio disposition, evaluation, and structuring advisory. They will be based in Los Angeles, and will report to Cass Tokarski, Senior Managing Director, Head of Mortgage and Asset-Backed Securities Sales and Trading.
“We are delighted to welcome Gary and Karl to Cantor to help accelerate our growth in the whole loan market,” said Shawn P. Matthews, Chief Executive Officer of Cantor Fitzgerald & Co. “Their appointment is another example of our continued expansion across our Fixed Income business, and our ability to attract top talent in the industry. Karl and Gary’s extensive experience and deep industry knowledge will enhance Cantor’s already deep expertise in mortgage and asset-backed securities, and broaden our reach and ability to serve clients.”
“We view whole loans as the next scalable trade, as investors start to look for alternatives to a shrinking legacy non-agency RMBS market,” added Mr. Tokarski. “Gary and Karl’s background and industry contacts are a tremendous asset to Cantor, and we expect them to strengthen our ability to cover clients in California, one of the biggest mortgage markets in the U.S.”
Mr. Wang previously served as Senior Vice President of Loan Trading at Wunderlich Securities, where he managed the whole loan trading desk. Prior to this, he oversaw the Conforming Conduit trading desk at WaMu Capital Corp. Earlier, he held a senior position at Countrywide Securities Corporation, where he traded CRA and whole loans. Mr. Wang holds a B.S. from California State University at Northridge.
Previously, Mr. Partch served as Senior Vice President of Loan Trading at Wunderlich Securities. In addition, he has held a number of senior trading positions at Countrywide Capital Markets and Bank of America Merrill Lynch, where he bought and sold custom whole loan and mortgage backed securities portfolios and managed fixed rate and adjustable rate mortgages. Mr. Partch holds a B.A. in Economics from the University of California at Los Angeles.
About Cantor Fitzgerald
Cantor Fitzgerald, a leading global financial services group at the forefront of financial and technological innovation has been a proven and resilient leader for over 65 years. Cantor is a preeminent capital markets investment bank serving more than 7,000 institutional clients around the world, recognized for its strengths in fixed income and equity capital markets, investment banking, prime brokerage, and commercial real estate financing and its global distribution platform. Cantor Fitzgerald & Co. is one of 22 primary dealers authorized to trade U.S. government securities with The Federal Reserve Bank of New York. Cantor Fitzgerald’s 1,600 employees serve clients through over 30 locations, including major financial centers around the world in the Americas, Europe, Asia/Pacific, and the Middle East. For more information please visit aws-dev2.cantor.com.
Note to editors: Cantor Fitzgerald, L.P., led by Chairman and Chief Executive Officer Howard Lutnick, is the parent entity of Cantor Fitzgerald & Co., led by Chief Executive Officer Shawn P. Matthews.