Cantor Fitzgerald & Co. has hiring plans.
According to Investment Dealers' Digest, the New York-based company plans to hire 100 people for its fixed-income business alone this year. Already, the firm's hired 20 specialists for a developing high-yield bond business, and is bringing on as many as 25 investment bankers, along with sales and trading professionals.
"The talent pool out there is very deep right now and the opportunity to grow has never been better," Shawn Matthews, the newly named chief executive of Cantor Fitzgerald & Co., told IDD. "We are looking for opportunities to grow the equity business."
Currently, Cantor employs 1,000 professionals, about 250 in fixed income. It's receiving resumes from laid-off professionals as well as dealmakers still employed at competing firms, Matthews said.
"Cantor is uniquely positioned. People want to come on to a growing platform where the business is growing," says Matthews. "It is an opportunity to hire quality people. It's our biggest priority right now. We're trying to hire great people."
A unit of Cantor Fitzgerald LP, Cantor Fitzgerald & Co. is one of the Federal Reserve's primary dealer firms.