Cantor Fitzgerald & Co. Creates Prime Brokerage Business
New York, (July 20, 2009) -- Cantor Fitzgerald announced today that Noel Kimmel will be joining the firm as Senior Managing Director, heading Cantor’s new Prime Brokerage business. Mr. Kimmel joins Cantor from JP Morgan, where he has served as North American Head of Sales & Marketing for the Fixed Income Prime Brokerage division.
Shawn Matthews, CEO of Cantor Fitzgerald & Co., said, “Our customers have been asking us to develop a prime services business to help meet their needs. The mid-market in particular has been underserved by the largest banks. Noel will focus on creating our equity and fixed income prime brokerage offering. His talent, experience, and breadth of relationships in the marketplace, combined with Cantor’s financial strength, are an ideal combination as we expand the solutions, services and support we offer across fixed income and equities sales and trading, investment banking as well as prime brokerage.”
Mr. Kimmel stated, “This is an excellent time in the marketplace to capitalize on the opportunity to continue to add value to Cantor’s clients. I am excited and proud to join Cantor’s growing team, and look forward to helping Cantor build an even greater market franchise by listening to our clients and developing services that meet their requirements.”
While at JP Morgan, Mr. Kimmel’s responsibilities have encompassed fixed income securities prime brokerage, credit and interest rate derivatives intermediation, and foreign exchange and commodities prime brokerage. Earlier, he was a Senior Managing Director at Bear, Stearns & Co., where he was responsible for sales and relationships in the fixed income prime brokerage business, and served as a member of the Senior Relationship Management Group, Prime Brokerage Operating Committee, and the firm’s global hedge fund relationship management effort. Mr. Kimmel also served in management roles at SAC Capital Advisors, LLC, Bankers Trust, and Fuji Securities. He earned a Bachelor’s degree in economics from Colgate University.
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 institutional fixed income and equities sales and trading, investment banking, real estate private equity, and other businesses and ventures.
Cantor Fitzgerald is one of 17 primary dealers authorized to trade U.S. government securities with The Federal Reserve Bank of New York. 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.
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.
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 every major financial center around the world in North America, South America, Europe, Asia, 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
Robert Hubbell
(212) 294-7820
rhubbell@cantor.com
