Cantor Fitzgerald plans to add 50-100 more executives this year, most of which will be senior-level directors and v.p. hires, according to Irv Goldman, ceo of the firm's debt capital markets and asset management groups. Up to 10 of those will be managing directors, said Goldman, who said most of the hires will fall into the following categories: asset-backed securities, mortgage-backed securities, agencies, credit business, repos, prime brokerage and the firm's credit and interest-rate businesses.
The firm, which has been building up a debt capital markets business since July of 2003, recently hired 15 professionals in its sales and trading divisions, and is preparing to move into its new global headquarters in New York at 499 Park, the building formerly occupied by Bloomberg. The ceo said Cantor might consider establishing a bond underwriting capability once it better establishes its credit business, but currently there aren't any such plans in the works.