-- With Continued Growth In Leveraged Finance, Other Key Executives Also Are Promoted --
Cantor Fitzgerald & Co. announced today that Carmine Urciouli and Martin Teevan have been named Co-heads of Global Credit.
Shawn Matthews, CEO of Cantor Fitzgerald & Co., said “The strength of the global credit business and our commitment to the continued expansion in this spaces makes these moves necessary. We plan to add a substantial amount of key personnel with an emphasis on continuing to drive our global footprint outside the United States. Accounts are requesting that we develop and grow our customer facing platform and we are responding to their needs. Our goal is to be the best client facing broker dealer across the capital structure.”
“Cantor is uniquely positioned to capture further market share in the credit markets,” commented Mr. Urciuoli. “Our investment grade business has grown substantially in the last 12-18 months, and together Marty and I are confident of building our client-facing business. The investment grade platform boasts one of the largest global distribution networks in the space and coupled with our new hires Cantor is a true end-to-end solution in the credit space”
“I am proud of the high yield and distressed bond and loan team that Cantor has assembled in the U.S. and Europe,” said Mr. Teevan. “Our strategic hires across sales and trading and research continue to be focused on enhancing our client relationships and ability to offer ideas, insight and execution second to none.”
In a short period of time, Cantor Fitzgerald has established a formidable presence in High Yield and Distressed Sales, Trading and Research across bonds and bank debt. Together, Mr. Teevan and Mr. Urciuoli intend to continue strengthening the value extended to clients by their team of experienced professionals. They said, “The integrated solution approach to credit is highly important at a time when more names seem to trade in the grey area between high grade, high yield and distressed sectors,” they both agreed. “This is an appropriate time to recognize outstanding professionals whose performance and increasing responsibilities are key to driving the expansion of our business. We’re pleased to announce the following promotions:”
Mike Brennan will become Head of High Yield Sales. Mike has demonstrated a consummate team approach from day one and has been instrumental in building our credit foundation. Mike is a veteran of the high yield markets, having 15 years of experience at UBS and Credit Suisse. A recognized leader, Mike will be responsible for coordination of account coverage across our client base.
Brian Devaney is now Product Manager, Capital Markets. Given the firm’s expansion into Investment Banking, Brian will be the point person in coordinating dialogue between High Yield & Distressed Sales and Trading and our Leveraged Finance Banking team. Brian has been involved in new issue transactions throughout his career and has significant relationships across the U.S. client base that will be key elements of our firm’s growth in this area.
Jeremy Goldman becomes Head of Distressed Sales. Given Jeremy’s extensive credit expertise he will now be responsible for coordinating the marketing of our ideas and product amongst the Distressed and Special Situations client base.
Adam Vengrow becomes Cross Asset Trading Product Manager. Adam has already made a significant impact on the firm as a senior high yield debt trader. Adam’s tremendous experience across the capital structure has been extremely helpful in coordinating communication amongst our various fixed income products, convertible group and equity platform. Given Adam’s extensive experience, he will spearhead efforts along with continuing to coordinate communication and cross-selling within the firm.
John Hanauer has been promoted to Head of U.S. Investment Grade Trading. Prior to joining Cantor, John was Managing Director at UBS Securities where he traded credits across the curve. John brings over 25 years of fixed income trading experience and extensive client contacts to our platform. John’s depth and breath of experience and knowledge are helping to broaden our client reach both domestically and internationally.”
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.
Contacts:
Cantor Fitzgerald & Co.
Melanie Gordon-Felsman, 212-610-2314
mgordon@cantor.com
