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Cantor Fitzgerald Hires Gopal Varadhan as Managing Director of U.S. Derivatives Business.


Business Editors

NEW YORK--(BUSINESS WIRE)--Aug. 7, 2001

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.  L.P., a leading global financial services The examples and perspective in this article or section may not represent a worldwide view of the subject.
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 firm, today announced the appointment of Gopal Varadhan as Managing Director of its Interest Rate Derivatives business in the U.S.

In this newly created position, Mr. Varadhan will oversee all of Cantor's U.S. interest rate derivative products, including swaps, options and futures, while working closely with Cantor's European derivatives divisions to expand Cantor's overall presence in global derivatives markets.

"We are gratified grat·i·fy  
tr.v. grat·i·fied, grat·i·fy·ing, grat·i·fies
1. To please or satisfy: His achievement gratified his father. See Synonyms at please.

2.
 to have someone of Gopal's caliber join the firm. He brings a wealth of global product expertise in derivatives and government bonds," said Harry Fry, Senior Managing Director of Cantor Fitzgerald. "Gopal understands the profound changes underway in the derivatives markets and will play a key role in expanding our business to provide our clients with an even more efficient and liquid marketplace to trade interest rate products. This appointment reflects our continuing commitment to being a leader in one of today's largest and most exciting markets," Fry added.

Lee Amaitis, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  of Cantor Fitzgerald International, UK, added "The needs of market participants in distinct geographical regions drive developments in trading. By combining the best technology and the best talent, we will better serve our customers through the creation of new avenues, new efficiencies and new products.

Mr. Varadhan joins Cantor Fitzgerald after more than ten years of derivative trading experience in the U.S. and Europe, holding senior positions at Merrill Lynch Merrill Lynch & Co., Inc. (NYSE: MER TYO: 8675 ), through its subsidiaries and affiliates, provides capital markets services, investment banking and advisory services, wealth management, asset management, insurance, banking and related products and services on a global basis.  & Co., Deutsche Bank Deutsche Bank AG (IPA: /'dɔɪ.tʃə/[1]) (ISIN: DE0005140008, NYSE: DB) (English: German Bank  and C.I.B.C. Woodgundy. Most recently, Mr. Varadhan founded and served as President of Sitegroups, Inc., a technology start-up focused on opportunities in targeted Internet marketing.

Mr. Varadhan holds a BA, Math and Economics, with a minor in Computer Sciences and Physics from New York University New York University, mainly in New York City; coeducational; chartered 1831, opened 1832 as the Univ. of the City of New York, renamed 1896. It comprises 13 schools and colleges, maintaining 4 main centers (including the Medical Center) in the city, as well as the .

About Cantor Fitzgerald L.P.

Cantor Fitzgerald, L.P. is a financial services firm with operating units that are involved in a variety of market-based business initiatives. From its position as a leading financial intermediary Financial Intermediary

An institution that acts as the middleman between investors and firms raising funds. Often referred to as financial institutions.

Notes:
This can include chartered banks, insurance companies, investment dealers, mutual funds, and pension funds.
 in both the equity and fixed income markets, Cantor has expanded the scope of its business to include portfolio trading, investment banking, financial spread betting, market advisory, energy brokerage, CO2 emissions trading and electronic trading technology. Cantor brings its experience and expertise in the financial markets and its legacy of innovation in technology to benefit institutional investors and traders around the world. Whether creating new products and services or enabling its clients to trade more efficiently and effectively through cutting edge technological solutions, Cantor is reinventing markets every day. For more information about Cantor Fitzgerald visit www.cantor.com.
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Publication:Business Wire
Date:Aug 7, 2001
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