Veteran Investment Bankers to Launch New Minority-Owned Investment Bank, CastleOak Securities, L.P.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 -- A team of experienced Wall Street investment bankers Investment Banker A person representing a financial institution that is in the business of raising capital for corporations and municipalities. Notes: An investment banker may not accept deposits or make commercial loans. announced today the establishment of a new minority-owned investment bank, CastleOak Securities, L.P., that will focus on providing capital markets and financial 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 large and middle-market corporations. CastleOak will be based in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. with offices in Atlanta and Chicago. CastleOak is headed by David Jones David Jones is a common name, particularly in Wales, and there have been several well-known individuals with this name. Variations include Dave Jones and Davy Jones. , President and Chief Executive Officer. Mr. Jones has over 14 years experience on Wall Street covering Fortune 500 companies and assisting them in raising debt and equity through the capital markets. Prior to founding CastleOak, Mr. Jones was Head of Investment Banking and Capital Markets at a New York based minority-owned investment bank. Mr. Jones is joined at CastleOak by the following founding partners: Nathaniel Christian, General Counsel; Philip Ippolito, Chief Financial Officer; and Harrison Sapru, Head of Financial Advisory. Mr. Jones, together with the other founding partners, own a majority of CastleOak, and have attracted investment from a significant strategic partner, 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. Please [ improve this article] or discuss the issue on the talk page. provider to the institutional equity and fixed income markets. Cantor Fitzgerald will own a 45% stake in CastleOak. David Jones commented, "This partnership will provide a significant value proposition for our clients. Our ability to tap into the resources of Cantor Fitzgerald will immediately allow us to deliver a broad range of customized capital markets products and services." On today's announcement, Howard W. Lutnick, Chairman and Chief Executive Officer of Cantor Fitzgerald, said, "We are excited about the opportunity to strategically partner with these quality individuals to establish a world-class minority-owned investment banking platform. We look forward to working with CastleOak's management team to offer their institutional customers a variety of product and service offerings." About CastleOak Securities, L.P. CastleOak Securities, L.P. currently engages in sales & trading and financial advisory services. CastleOak filed an application with the NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). seeking approval to underwrite To insure; to sell an issue of stocks and bonds or to guarantee the purchase of unsold stocks and bonds after a public issue. The word underwrite has two meanings. debt and equity securities. For more information, please visit www.castleoaklp.com. About Cantor Fitzgerald, L.P. 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 extends to numerous philanthropic endeavors, including the firm's pledge to donate for five years 25% of the profits it would otherwise distribute to its partners to benefit the families of the employees lost on September 11, 2001. For more information, please visit www.cantor.com. |
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