Cantor Fitzgerald Rebuilds New York Interest-Rate Team

  • 04 Feb 2002
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Cantor Fitzgerald has begun hiring for its interest-rate derivatives swap team and plans to expand its operation into interest-rate options by the end of the first quarter. The move comes five months after the death of Gopal Varadhan, managing director of interest-rate derivatives, in the Sept. 11 attack on the World Trade Center. Varadhan was recruited to lead the firm's hiring effort a month before the terrorist attacks. "We're starting to take small steps back to where we were," said Harry Fry, senior managing director of North American derivatives in New York. Fry said the New York interest-rate swap group will double to about 10-12 within the next several months.

For the last couple of months, Cantor has been reshuffling members of its London interest-rate team to take on new positions in New York. Fry declined to identify who on its London staff had moved, adding that the structuring of the group is still in it infancy. "Its still too early to say who will lead the group," he noted.

He added that once the team is in place it will look to begin brokering interest-rate options deals. "It's just a natural progression. Moving into options is tied to the swap group," Fry said.

The firm is working to pick up where it left off before Sept. 11, when Fry began initiating a plan to expand its interest-rate derivatives group in preparation of the swap curve toppling the Treasury curve as the fixed income market's benchmark (DW, 8/13).

  • 04 Feb 2002

All International Bonds

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  • Last updated
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1 Citi 22,118.13 61 9.00%
2 Barclays 20,987.41 55 8.54%
3 JPMorgan 17,406.75 53 7.08%
4 HSBC 16,333.52 48 6.64%
5 Goldman Sachs 15,454.74 49 6.29%

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1 BNP Paribas 43,328.12 198 6.63%
2 JPMorgan 42,145.56 84 6.45%
3 HSBC 38,419.93 154 5.88%
4 UniCredit 37,616.85 180 5.75%
5 ING 30,163.46 163 4.61%

Bookrunners of all EMEA ECM Issuance

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  • Last updated
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1 Emirates NBD PJSC 408.38 1 31.73%
2 SG Corporate & Investment Banking 166.67 1 12.95%
2 JPMorgan 166.67 1 12.95%
2 Credit Agricole CIB 166.67 1 12.95%
5 Morgan Stanley 59.80 1 4.65%