Cantor Fitzgerald Expands Its Prime Services Management Team.Bob Sherry Joins as Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. David Kim Dr. David Kim (born November 7, 1969) is a physician and orthopedic surgeon who specializes in sports medicine, arthroscopy and shoulder reconstructive surgery. His office is located in Huntington Beach, California at the Huntington Beach Orthopedics and Sports Medicine practice. Becomes Director of Technology NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Cantor Fitzgerald Cantor Fitzgerald L.P. is a global financial services firm specializing in bond trading, as well as investment banking, asset management, market data and brokerage services. & Co. announced today that Bob Sherry and David Kim are joining the firm as COO for Prime Services and Director of Prime Services Technology, respectively. "Additions to our management team are responsive to our customers' request that Cantor build a prime service capability to help meet their needs, and reflective of the continuing expansion of Cantor's global capital markets and investment banking business," said Noel Kimmel, Senior Managing Director and Global Head of Prime Services. He added that an unwavering focus on superior client service and multi-asset capabilities are hallmarks of Cantor's prime service platform. "The depth of experience with prime brokerage Prime Brokerage A special group of services that many brokerages give to special clients. The services provided under prime brokering are securities lending, leveraged trade executions, and cash management, among other things. and strong client service pedigrees that Bob and David bring to our growing team will be invaluable assets as we build out our platform," Mr. Kimmel said. "Bob has built and managed equity prime brokerage divisions at Furman Selz, ING and ABN Amro ABN AMRO Algemene Bank Nederland-Amsterdam Roterdam Bank (Dutch bank) that were widely recognized and highly regarded within the industry for exceptional execution and excellent client service. David's proven ability to translate business concepts into technology workflow and applications will enable Cantor to offer clients best in breed reporting, data interfaces, execution capabilities and other innovative technology solutions," concluded Mr. Kimmel. Mr. Sherry has over 25 years experience in the financial arena. In addition to his management experience in Prime Brokerage at Furman Selz, ING and ABN Amro he has buy-side experience as President of Miller & Jacobs Capital, a diversified asset management firm. Earlier, he was with Spear, Leeds & Kellogg. Mr. Sherry was recently recognized by Global Custodian as one the most influential people in the prime brokerage industry. Mr. Kim joins from Citigroup, where he served as Senior Vice President of Prime Finance Technology, responsible for management and oversight of all hedge fund hedge fund, in finance, a highly speculative, largely unregulated investment device. Originating in the 1950s, the funds "hedge" by offsetting "short" positions (borrowing a security and then selling it at a higher price before repaying the lender) against "long" technology services globally for Citi's Prime Finance unit. Prior to Citi, Mr. Kim was with Lehman Brothers, where his responsibilities encompassed development of the firm's client web portal, LehmanLive, construction and management of its data warehouse and trade booking service for prime brokerage, and management of hedge fund technology for Neuberger Berman Correspondent Clearing & Prime Brokerage. Cantor Fitzgerald added nearly a hundred sales and trading professionals in 2008 and another 125 new strategic hires since the first of this year. Focused on a capital structure-centric business model and cross-market strategy, Cantor's continuing to grow its fixed income, equity and investment banking businesses. 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 capital markets, sales and trading, investment banking, real estate private equity, and other businesses and ventures. Cantor Fitzgerald is one of 18 primary dealers authorized to trade U.S. government securities with The Federal Reserve Bank of New York The Bank of New York, abbrieviated to BNY, was a global financial services company that existed until its merger with the Mellon Financial Corporation on July 2, 2007.[1] The bank now continues under the new name of The Bank of New York Mellon Corporation. . A world-class dealer across a broad spectrum of fixed income products, Cantor offers services in repo Repo An agreement in which one party sells a security to another party and agrees to repurchase it on a specified date for a specified price. See: Repurchase agreement. repo See repurchase agreement (RP). and securities lending Securities Lending When a brokerage lends securities owned by its clients to short sellers. Notes: This allows brokers to create additional revenue (commissions) on the short sale transaction. , mortgage-backed and asset-backed securities, corporate bonds, interest rate products, agencies, SBA SBA abbr. Small Business Administration Noun 1. SBA - an independent agency of the United States government that protects the interests of small businesses and ensures that they receive a fair share of government 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 advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal 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 major financial centers 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 company of Cantor Fitzgerald & Co. |
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