Saturday, 18 April 2015
Last updated 12 hours ago
Jul 22 2009 | 12:56pm ET
The prime brokerage space just got a bit more crowded: Cantor Fitzgerald has set up its own prime brokerage business, hiring a JPMorgan Chase veteran to lead the new effort.
The financial services firm snagged Noel Kimmel to head its prime brokerage. Kimmel most recently served as head of sales and marketing for JPMorgan’s fixed-income prime brokerage in North America. He worked at Bear Stearns’ prime brokerage before joining JPMorgan.
“Our customers have been asking us to develop a prime services business to help meet their needs,” Shawn Matthews, Cantor CEO, said. “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.”
Cantor enters the increasingly crowded prime brokerage space as more established firms seek to increase their market share amid the shakeup in the hedge fund industry. The firm is perhaps best known for losing 658 employees at the World Trade Center, on Sept. 11, 2001.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…