Cantor Fitzgerald & Co. Further Builds Prime Services Group

NEW YORK, March 8, 2012 /PRNewswire/ -- Cantor Fitzgerald & Co., a leading financial services firm, has further strengthened its Prime Services Group with the additions of John Fiore and Marc Young. Mr. Fiore, formerly of Bank of America, and Mr. Young, formerly of BNP Paribas, will serve as Managing Directors of Sales, responsible for business development and origination for hedge fund clients.  Mr. Fiore will be located in New York and Mr. Young will be located in San Francisco.

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The appointments reflect Cantor's commitment to growing its prime brokerage business through enhanced client coverage, and broader distribution of its full-service equity and fixed income prime brokerage capabilities to hedge funds and money managers.

Noel Kimmel, Senior Managing Director and Global Head of Prime Services at Cantor Prime Services said, "Cantor Prime Services is committed to meeting each client's needs with exceptional service and execution. John and Marc have proven track records with deep knowledge and strong relationships within the hedge fund industry and prime brokerage space. Their appointments strengthen our team and help to drive our business forward as we build an even greater market franchise."

"This is an exciting time to be part of the growth story at Cantor Prime Services as the mid-market hedge fund space continues to be underserved by investment firms," Messrs. Fiore and Young said in a joint statement. "We believe Cantor is uniquely positioned to seize opportunities in this marketplace while leveraging its relationships and brand awareness."

Mr. Fiore joins Cantor Prime Services from Bank of America Merrill Lynch where he served as a Director and senior financing salesperson in its Prime Brokerage Group. Earlier, he served in securities financing roles at Goldman Sachs.

Mr. Young joins Cantor Prime Services from BNP Paribas where he served as Vice President helping to expand BNP's prime brokerage presence in the West Coast. Previously, as a Director at UBS Securities, LLC he co-managed over 50 West Coast Prime Services relationships for the firm. Earlier, Mr. Young worked at Morgan Stanley's Prime Brokerage Division and Husic Capital Management.

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 65 years. Cantor is continuing to grow its capital markets and investment banking businesses. Serving more than 5,000 institutional clients around the world, Cantor is recognized for its strengths in institutional equity and fixed income sales and trading and for its expanding presence serving the middle market with investment and merchant banking services, prime brokerage, and commercial real estate financing. Cantor Fitzgerald also is a leader in new businesses and marketplaces including gaming technology, e-commerce, and other ventures.  Cantor Fitzgerald & Co. is one of 21 primary dealers authorized to trade U.S. government securities with The Federal Reserve Bank of New York. Cantor Fitzgerald's 1,400 employees serve clients from more than 30 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 entity of Cantor Fitzgerald & Co.

SOURCE Cantor Fitzgerald & Co.