Cantor Fitzgerald Rebuilds New York Interest-Rate Team

  • 04 Feb 2002
Email a colleague
Request a PDF

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

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 276,777.40 1064 8.14%
2 JPMorgan 266,530.47 1166 7.84%
3 Bank of America Merrill Lynch 250,764.41 839 7.38%
4 Barclays 205,469.94 758 6.05%
5 Goldman Sachs 184,785.44 600 5.44%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 35,188.43 145 6.49%
2 JPMorgan 32,762.25 63 6.04%
3 UniCredit 29,291.42 133 5.40%
4 SG Corporate & Investment Banking 28,951.69 110 5.34%
5 Credit Agricole CIB 26,611.53 134 4.91%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 11,195.88 46 9.03%
2 Goldman Sachs 10,193.27 47 8.22%
3 Citi 9,056.44 50 7.31%
4 Morgan Stanley 6,436.97 42 5.19%
5 UBS 6,389.02 24 5.15%