Cantor Fitzgerald Strengthens Its Debt Capital Markets Business with the Addition of Nine Veteran Fixed Income Executives.

NEW YORK -- Cantor Fitzgerald & Co. continues to aggressively expand its Debt Capital Markets team, with the addition of nine senior capital markets veterans to its fixed income sales and trading business. One of the industry's leading dealers, Cantor is attracting seasoned sales and trading professionals as it further broadens its capacity in serving the institutional fixed income marketplace.

Joining Cantor as Managing Directors are Suzie Demer, Los Angeles; Carl Schref, Chicago; John Maunsell, Chicago; Duane Erickson, Chicago; Donald Chisholm, Boca Raton, Florida; and Thomas R. Elliot, Charlotte, North Carolina. Lorraine Tristano and Bradley Fetzer join as Senior Vice President in the Shrewsbury, New Jersey and New York offices, respectively, and Nick Onesto joins as Vice President in Los Angeles.

Scott Moore and Shawn Matthews, Senior Managing Directors and Co-heads of Cantor's mortgage-backed sales and trading group, and Larry Haag, Cantor's Head of Credit Sales, said, "Today's market environment is continuing to generate opportunities, and Cantor Fitzgerald Debt Capital Markets is focused on providing solutions that meet each client's needs. In addition to their background and knowledge of the capital markets, these new members of our team share a deep commitment to excellence in client service and to building strong client relationships. We're extremely pleased to welcome them as we continue to broaden the scope and depth of our fixed income team."

Cantor continues to encourage employment inquiries from fixed income professionals. Messrs. Matthews and Haag can be reached at the firm's New York offices at 212-829-4870. Mr. Moore is in Chicago at 312-469-7430.

The nine new members of Cantor's Debt Capital Markets team by office location are:

Chicago

Carl Schref: With over 25 years' financial industry experience, Mr. Schref joins Cantor from WaMu Capital, and will focus on taxable fixed-income and mortgage-backed sales and trading. Prior to WaMu Capital, he worked for Banc of America Securities and UBS Securities. Mr. Schref reports to Mr. Moore.

John Maunsell: Joining Cantor from RBC Capital Markets where he served as Managing Director in institutional fixed income sales, Mr. Maunsell brings over 21 years' industry experience to Cantor's mortgage-backed sales and trading group, with a focus on institutional fixed income. He also reports to Mr. Moore.

Duane Erickson: Focusing on mortgage backed-sales, Mr. Erickson joins Cantor from RBC Capital Markets where he served as Managing Director. He previously worked for ABN AMRO, and has over 16 years' experience in institutional fixed income sales. He will also report to Mr. Moore.

Los Angeles:

Suzie Demer: Joining the mortgage-backed sales and trading group with a focus on taxable fixed income, Ms. Demer, who has 22 years' experience in capital markets, joins Cantor from WaMu Capital where her focus was on mortgage-backed sales. Ms. Demer reports to Mr. Moore.

Nick Onesto: Focusing on mortgage-backed sales, corporate bond sales, asset backed securities and US government agencies, Mr. Onesto joins Cantor from WaMu Capital, and reports to Mr. Moore.

Boca Raton:

Donald Chisholm: Focusing on high yield, distressed debt, and structured products, Mr. Chisholm joins Cantor from BB&T Capital where he served as Senior Vice President and helped create and structure the high yield group and traded high yield distressed debt and private placements. Mr. Chisholm, who has 15 years' industry experience, reports to Mr. Haag.

Charlotte:

Thomas R. Elliot: With 24 years' industry experience, Mr. Elliot joins Cantor from WaMu Capital and will focus on taxable fixed income - mortgage origination coverage sales. He previously served at Wachovia Capital Corp. and Prudential Securities where he ran the originator coverage sales group. He reports to Mr. Matthews.

Shrewsbury:

Lorraine Tristano: Concentrating on high yield and distressed securities sales, Ms. Tristano has over 15 years' industry experience, including positions with JPMorgan Securities where she focused on high yield sales. She reports to Mr. Haag.

New York:

Bradley Fetzer: With over ten years' industry experience, Mr. Fetzer joins Cantor from Societe Generale. He will focus on high yield and distressed debt sales. Mr. Fetzer will report to Mr. Haag.

About Cantor Fitzgerald, L.P.

The Debt Capital Markets business of Cantor Fitzgerald & Co. is a world-class dealer across a broad spectrum of fixed income products. Known for its personal commitment to clients and for providing superior liquidity and transaction execution, Cantor Fitzgerald Debt Capital Markets offers services in repo and securities lending, mortgage-backed and asset-backed securities, corporate bonds, interest rate products, agencies, SBA securities and structured products. One of 20 primary dealers in the marketplace, with a fixed income team of more than 200 professionals, Cantor serves over 4,000 customers worldwide.

Cantor Fitzgerald is a leading global financial services firm. The Cantor Fitzgerald franchise includes institutional debt and equity sales and trading, investment banking, private equity, and asset management, as well as other businesses and ventures. For over 60 years, Cantor Fitzgerald, a proven and resilient leader, has been committed to delivering a unique brand of unparalleled product expertise, innovative technology and customer service to its clients around the world.

For more information, please visit www.cantor.com.

Note to Editors: Cantor Fitzgerald, L.P. is the parent company of Cantor Fitzgerald & Co.