Cantor Fitzgerald has opened up a new office in Memphis, Tenn., and has hired Scott Gruber as managing director in charge of all fixed income sales and trading there. Gruber, who has worked in the debt capital markets for more than 20 years, will be reporting directly to Irvin Goldman, ceo and president of debt capital markets at Cantor.
Before joining Cantor, Gruber was working in National Bank of Commerce's capital markets group, which was part of SunTrust. Gruber was executive v.p. of fixed income sales. Gruber could not be reached for comment.
The Memphis office's focus will be on providing fixed income sales and trading across a wide range of debt capital markets instruments, including corporate bonds, mortgage-backed securities, asset-backed securities, repos, U.S. agency securities and municipal debt. The new office is expected to be open within the next several weeks, but no definitive date has been set. It will be Cantor's largest office in the region in terms of manpower, according to a spokesman at the firm. There are no exact figures yet as to how many staffers will be at the Memphis office.