Cantor Fitzgerald Adds Veteran Scott Schefrin To Its Global Equities Team
New York, NY – February 23, 2010 - Cantor Fitzgerald announced that Scott Schefrin, formerly with Bear Stearns, has joined Cantor and will lead the firm’s Merger Arbitrage business for the Global Equities Group.
“Scott's demonstrated leadership and deep client relationships with institutional clients and hedge funds strategically complement our business, enabling Cantor to further amplify and sharpen our focus on meeting clients’ needs,” said Ken Savio, Global Head of Equities for Cantor Fitzgerald & Co.
Mr. Schefrin commented, "I am excited at the opportunity to help Cantor's clients maximize their investments in companies involved in mergers, acquisitions and other special situations. Cantor's equity and debt capital markets platform will allow us to assist clients throughout all aspects of the capital structure. Companies with overprotected balance sheets and pent-up demand, coupled with strong financing markets, lead us to believe that the markets are poised for a significant increase in M&A activity."
Mr. Schefrin spent 15 years at Bear Stearns where he was a Senior Managing Director and Global Head of Merger Arbitrage. He earned a B.S in International Economic Relations from the University of Michigan and an MBA from Columbia Business School.
Cantor Fitzgerald added over one hundred sales and trading professionals over the past year. Focused on a capital structure-centric business model and cross-market strategy, Cantor is continuing to grow its fixed income, equity and investment banking businesses.
About Cantor Fitzgerald
Cantor Fitzgerald, a leading global financial services firm at the forefront of financial and technological innovation, has been a proven and resilient leader for over 60 years. The Cantor Fitzgerald franchise includes capital market sales and trading, investment banking, and other businesses and ventures. Cantor Fitzgerald is one of 18 primary dealers authorized to trade U.S. government securities with The Federal Reserve Bank of New York.
A recognized leader in the global third market, Cantor’s equities sales and trading professionals provide solutions that address clients’ requirements for execution, return optimization and risk management, offering services in domestic and international equities, derivatives, convertibles and structured products, stock loan, and contracts for differences, as well as research.
A world-class dealer across a broad spectrum of fixed income products, Cantor offers services in repo and securities lending, mortgage-backed and asset-backed securities, corporate bonds, interest rate products, agencies, SBA securities and structured products, as well as fixed income rates strategy.
Cantor’s investment banking division focuses on providing capital raising and advisory services to growth-oriented companies. The group’s structuring and distribution capability is focused on addressing innovative solutions to complex issues and challenges for clients across the globe.
Cantor Fitzgerald’s 1,400 employees serve clients through 35 locations, including major financial centers around the world in the Americas, Europe, Asia/Pacific, and the Middle East.
For more information, please visit www.cantor.com.
Note to editors: Cantor Fitzgerald, L.P. is the parent company of Cantor Fitzgerald & Co.
Contact
Melanie Gordon-Felsman
212 610-2314
mgordon@cantor.com
