Cantor Fitzgerald Opens New Office in Tel Aviv
Cantor Fitzgerald, a leading financial services firm serving the world´s institutional equity and fixed income markets, and one of 20 financial institutions designated as a primary dealer by the U.S. Federal Reserve, today announced the opening of a new office in Tel Aviv, Israel, further expanding its global franchise in serving the world´s equity capital markets.
Based at Discount Tower in the heart of Tel Aviv´s financial center, Cantor´s new office has been opened to meet the needs of existing clients and the requirements of an expanding client base in Israel and the Middle East including banks, hedge funds, asset managers and high net worth individuals. The firm´s product offerings include cash equity, foreign exchange cash and derivatives, futures and options, structured products and private placements.
Michael Halimi, a Managing Director at Cantor Fitzgerald, will relocate to Tel Aviv from London to spearhead Cantor´s expansion while continuing to serve existing clients across Europe. Mr. Halimi, who has over 15 years´ financial markets experience and has been head of Cash Sales Trading in Cantor´s London office for nine years, will lead an initial team of eight professionals and report to Elon Spar, Chief Executive Officer for Europe and Asia. With the addition of Tel Aviv, Cantor Fitzgerald now has offices in 31 locations around the world.
Commenting on the new office opening, Mr. Halimi said, "Delivering first–class execution services that meet the individual needs of each client is Cantor´s hallmark. We are delighted to open in the heart of Israel, bringing us closer to our clients in the region. This new office underscores the importance of Tel Aviv as an important center from which to serve clients locally while continuing our momentum in developing new client relationships throughout the region. In addition, the new office will provide clients across Europe with better access to financial products in emerging markets, including those in Israel."
Mr. Spar said, "This new office reflects our commitment to meet the growing demand throughout the region for our services from new and existing clients." He added, "It also is an ideal platform to serve other emerging Mediterranean markets and Eastern Europe where many more of our clients are located, further enhancing the firm´s franchise in the global capital markets. We´re excited that a seasoned professional of Michael´s calibre will be leading our efforts to further build our equity business there."
About Cantor Fitzgerald
Cantor Fitzgerald is a leading global financial services firm. The Cantor Fitzgerald franchise includes institutional equity and debt 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. The Tel Aviv office is a Branch of Cantor Fitzgerald Europe, which is regulated by the UK Financial Services Authority (FSA).
For more information, please visit www.cantor.com.