Cantor Fitzgerald opens office in Singapore

Cantor Fitzgerald opens office in Singapore
MARKING its growth in Asia, international financial services firm Cantor Fitzgerald yesterday announced the opening of an office here. Singapore is Cantor Fitzgerald’s first expansion outside Hong Kong in Asia. William Selig is managing director of Cantor Fitzgerald (Singapore) Capital Markets. The local team comprises five sales traders, and will provide clients with Pan-Asian execution services in the cash equities and equity derivatives market.
The current weakness in the financial markets has not disrupted Cantor Fitzgerald’s growth plans in the region. ‘We believe Asia is a strong platform,’ said Angelina Kwan, chief operating officer for Asia Pacific. ‘We hope to open more hubs throughout Asia so that our clients can get an on-the-ground view of business in that market.’

Cantor Fitzgerald also has its eyes on expanding product lines within the region. According to Ms Kwan, Cantor Fitzgerald (Singapore) could go into activities such as commodity trading if the need arose. The new Singapore office received the capital markets services licence from the Monetary Authority of Singapore about two weeks ago. The firm has 30 offices around the world.

Source : Business Times - 08 May 2008

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