Good News For All Those Looking For A New Job

Bloomberg reports that Cantor Fitzgerald, the investment bank with a workforce of about 8,000, plans to add another 800 employees to its broker-dealer in coming years through acquisitions and hiring.

Cantor Fitzgerald & Co., the institutional broker-dealer that employs 1,600, would add to headcount, Shawn Matthews, the unit’s chief executive officer, said Thursday in a phone interview. The New York-based firm is expanding in asset management and investment banking, looking at regions including South America and Eastern Europe, Matthews said.

'We’re just looking to get bigger and better at the things we do', said Matthews, 45. 'There’s a lot of opportunity for us to take advantage of'.

In the meantime, The Wall Street Journal reports that Macquarie Group has boosted its U.S. cash equities business, hiring 14 senior professionals who previously worked at the likes of JPMorgan Goldman, Jefferies and Lazard.

The firm has also made two senior hires in U.S equity sales.

And Reuters reports that The Royal Bank of Scotland has hired former UBS AG executive David Gray to build its prime services operation in Asia Pacific, taking a bet on the fiercely competitive industry led by Goldman Sachs and Morgan Stanley.

Gray, who had left the Swiss bank in April last year, will head the newly created role and build a team to provide services such as clearing trades and lending money to hedge funds in the region, RBS said in a statement on Thursday.

Finally, Bloomberg reports that Jefferies  has opened its first Canadian office in Toronto, with former Credit Suisse investment banker Steven Latimer leading its focus on mining for the New York-based firm.

'Initially we’re going to be focused on metals and mining, but clearly we are going to build this business around the core competencies and strengths of Jefferies', Latimer, head of Canadian investment banking, said Thursday in a phone interview.

Jefferies may bring some of its global industry practices including energy, health care, technology, chemicals and renewable energy to its Canadian operations, Latimer said.