Cantor Fitzgerald & Co. Adds Ken Savio To Its Growing Capital Markets Business
New York, NY – September 30, 2009 - Cantor Fitzgerald & Co. announced today that Ken Savio is joining the firm as Global Head of Equities. Mr. Savio, who joins Cantor from Bear Stearns where he was Senior Managing Director, will be responsible for further expanding and strengthening Cantor’s global equity capital markets franchise.
“Cantor’s hallmark has always been an unremitting focus on serving the needs of our clients. Ken’s talent and experience, breadth of relationships in the marketplace developed over 25 years, and his commitment to excellence in client service, are terrific complements to our business model,” said Shawn Matthews, CEO, Cantor Fitzgerald & Co.
Mr. Savio said “I am extremely pleased to become part of this great firm. The quality of Cantor’s capital markets operation and the range of expertise across the firm’s sales, trading and research platform, combined with Cantor’s financial strength and commitment to continuing global growth, all make for exciting prospects ahead.”
Previously, Mr. Savio was co-head of Global Equities at BTIG where he led successful teams in buy-side relationships. Mr. Savio held a senior management position at Bear Stearns, serving as Senior Managing Director responsible for a global staff of 300 generating revenues of $1 billion, while increasing U.S. cash trading market share by over 25 percent and global cash trading market share by more than 33 percent.
Cantor Fitzgerald added nearly a hundred sales and trading professionals in 2008 and another 125 new strategic hires since the first of this year. Focused on a capital structure-centric business model and cross-market strategy, we are continuing to grow the 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 markets, sales and trading, investment banking, real estate private equity, 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, derivates, 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 36 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
