Broker-dealer Cantor Fitzgerald has revealed plans for new headquarters in mid-town Manhattan and has said it will be adding 200 extra jobs. Some of the jobs will be in a new asset management business to be created next year.
Cantor Fitzgerald lost 638 members of staff in the 2001 attacks on the World Trade Center.
In other rercruitment activity in the past week, Citigroup hired Stephen Volk, chairman of Credit Suisse First Boston (CSFB), as a vice chairman working mainly on client relationships in its global corporate and investment banking group.
Volk was an ally of John Mack, who stepped down as CSFB chief executive last month.
Mack hired Volk four days after joining CSFB in 2001.
Other hires included the recruitment of six senior investment bankers by Thomas Weisel, in a move the bank said will broaden its industry coverage. They include Brad Raymond, former head of software investment banking at Morgan Stanley, who joins Weisel as a partner in the software team.
The other recruits are Blake Kim from Lehman Brothers, who joins as a partner in the communications team; Patrick O'Shaughnessy from CSFB, who joins as a partner in the industrial growth team; Mark Roberts and Marc Finckle, both from Bear Stearns, who join as partner in the enterprise systems and storage team and principal in the media, internet and communications services team, respectively; and Kevin Swanson from Bank of America, who will look after media, internet and communications.
Merrill Lynch expanded its investment banking group with the hire of Theodore Niedermayer, a managing director of Goldman Sachs. Niedermayer joins as a managing director in the media and telecommunications banking group.
RBS Greenwich Capital formed a new group in its asset-backed finance area to deal with the securitization of credit card receivables, auto loans and leases, student loans, and equipment loans and leases. The group will be led by David Duzyk, who joined RBS earlier this year from Bank One. The bank also hired an additional 13 members of staff to work on the new team, including six new managing directors.
Banc of America Securities hired Jerry Marcus as managing director in its consumer and retail group. Marcus was previiously senior managing director of the retail group at Bear Stearns.
Both Bank of America and BNP Paribas hired in credit. Bank of America recruited Stephen Hollender as head of investment grade credit sales in New York. Hollender came from Credit Suisse First Boston where he was a managing director in the U.S. bond sales team; BNP Paribas hired James Jospe from Deutsche Bank as a director and team captain in its U.S. credit sales group.
Barclays Capital hired David Pondt from CSFB in Chicago as a director of fixed income sales.
Bear Wagner, the specialist market maker for the New York Stock Exchange, recruited Tom Troy, a former head of securities at Merrill Lynch. Troy left Merrill Lynch last year and had been planning to retire. He joins Bear Wagner as executive vice president and senior managing director.
Jefferies & Company boosted its research team by hiring Brett Levy from RBC Capital markets as a senior research analyst, managing director and co-head of high yield research. It also recruited Robert Routh, a senior analyst at Natexis Bleichroeder, as a managing director and senior equity research analyst covering cable, media and entertainment companies.
Fox-Pitt, Kelton, Swiss Re's investment banking arm, appointed Edwin Groshans of Moors & Cabot as vice president and senior analyst, heading coverage of the specialty finance sector.
Highland Capital Management, the U.S. fund manager, hired Dansby White, head of structured finance at Merrill Lynch, as a managing director. Third Point Management Company, a New York-based alternative investment firm, hired Jeffrey Trongone, a former managing director at JP Morgan's asset management business, as chief operating officer.