Cantor Fitzgerald has bolstered its global equities franchise with a senior hire from Barclays as well as several internal promotions, in a bid to align its sales and trading organisations.
The reshuffle is expected to support the firm in enhancing its insight, execution and connectivity offering for its clients, The TRADE understands, and will see Joe Kelly joining the firm as co-head of New York advisory sales after nearly 16 years at Barclays.
Elsewhere, Cantor Fitzgerald is also focusing its expansion efforts on Europe, with Chris Spinks and Jonathan Meltzer set to step into the positions of co-heads of European high touch execution.
Read more – Cantor Fitzgerald taps JonesTrading for fixed income trader
New York-based Kelly most recently served as a director in institutional equity sales at Barclays, where he was recognised as a top salesperson across equity long/short, multi-strat and quant clients.
In his new role at Cantor Fitzgerald, Kelly will co-lead New York advisory sales alongside Jared Demark, with both set to report to Alexander Englander, global head of equity distribution.
Meanwhile, both Spinks and Meltzer are expected to drive out the client engagement and footprint in the region, and will report to Andrew Shortland, chief executive, as well as maintaining a dual line to Orloff.
Alongside these new roles, Eric Lastres has also been promoted to head of US sales trading, marking a step up from his most recent role as head of Miami equities at Cantor Fitzgerald.
Lastres initially joined Cantor Fitzgerald in 2018, and is set to oversee US sales trading strategy, client engagement and team development in his new role, reporting to David Orloff, global head of execution services.