This Wall Street trading firm keeps hiring managing directors


If you’re looking for a senior level job on Wall Street, you could do worse than trying Cantor Fitzgerald. Cantor keeps hiring – and at very senior levels.

As we reported last month, Cantor hired Greg Dabal from Credit Suisse to join its prime brokerage business in March, but Dabal wasn’t Cantor’s only MD-level hire. It also picked up a raft of other senior talent to work across its divisions.

The additional hires included James Papas, a onetime director in credit trading at RBS who most recently worked for Pierpoint Securities. Papas joined Cantor’s NYC office in March. It also hired Keith Babbit, a former director of Knight Capital Group (KCG), who joined as an MD to run the securities lending business out of New York. And in London, Cantor hired Nick Taylor, a one-time Goldman Sachs executive director, who joined as a managing director in Cantor’s debt capital markets (DCM) division.

If you want a senior job in finance, therefore, Cantor looks like the place to go.

Admittedly, not all the hires are growth-related. Babbit joined to replace Rory Zirpolo, another former Credit Suisse banker, who left in February. Cantor is, however, known to be on a recruitment drive in IBD after hiring controversial former Jefferies banker Sage Kelly 12 months ago. In September, Financial News reported that Cantor was planning to hire 50 people globally for its growing investment banking business. On this basis alone it could have plenty more hires to go.

Source : Sarah Butcher,

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