Cantor Fitzgerald Adds New Managing Director to Debt Capital Markets Group; Kevin Griffin Selected to Head Pass-Through Desk for Debt Capital Markets.

NEW YORK -- Cantor Fitzgerald, L.P., a leading financial services provider to the institutional equity and fixed-income markets, today announced another key hire within the firm's Debt Capital Market division, which provides sales, trading and other institutional services to global capital market participants. Over the past six months, Cantor Fitzgerald has continued to increase its presence in the capital markets, with important hires in corporates, interest rates, mortgages, and asset-backed securities.

Kevin Griffin, the most recent hire in this aggressive expansion, has joined Cantor Fitzgerald as Managing Director in a newly created position to run the firm's pass-through securities desk. Mr. Griffin will report to Stephen Bischoff, Head of the Mortgage, Asset-Backed Security and Agency Groups.

As Head of Cantor Fitzgerald's Pass-Through Desk, Mr. Griffin will contribute to the continued growth of Cantor's fixed income business. Mr. Griffin will focus on helping to build the division's fast-growing mortgage-backed securities and asset-backed securities businesses, in the area of pass-through securities for mortgage holders.

Of Mr. Griffin's appointment, Mr. Bischoff said, "Kevin is a major presence in the mortgage-backed world and we are excited to have him join our team. We look forward to experiencing the positive impact his skills and experience will have on us, and our clients."

Mr. Griffin is a respected industry veteran with over 14 years of experience. He joins Cantor Fitzgerald from Bank of America where he focused on pass-through trading. Previously he worked at Goldman Sachs, Smith Barney, and Lehman Brothers. Mr. Griffin holds an M.B.A. from Columbia University.

Cantor Fitzgerald plans to continue to expand the growing Debt Capital Markets business with additional new hires over the next year.

About Cantor Fitzgerald

Cantor Fitzgerald, L.P. is a leading financial services provider to the institutional equity and fixed income markets, with products and services including sales and trading, investment banking, asset management, market data, and market commentary. For nearly 60 years, Cantor Fitzgerald, a proven and resilient leader, has been committed to delivering a unique brand of unparalleled trading and distribution services, product expertise, innovative technology and customer service to its clients around the world. This commitment also extend to numerous philanthropic endeavors, including the firm's pledge to donate 25% of the profits it would otherwise distribute to its partners through 2006 to benefit the families of the employees lost on September 11, 2001. For more information, please visit www.cantor.com.