Global financial services firm Cantor Fitzgerald has purchased certain assets and businesses of a small cap/mid-market investment bank Seymour Pierce, for an undisclosed sum.
As per terms of the agreement, the acquired team will work under the supervision of Tom Forcier, who will be appointed as the chief operating officer of Cantor Fitzgerald Europe.
Rick Thompson and David McCreadie from Seymour Pierce will assume new senior positions in corporate finance and equities.
They will work with Gordon Neilly, head of corporate finance in Europe, Angelo Sofocleous, head of market making and Marc Altmann, head of European equities for Cantor.
Based in London, the new team will report to James Rowsell, chief executive officer of Cantor Fitzgerald Europe.
Following the closure of transaction, the acquirer will get more than 70 corporate clients, and increase market making coverage by over 250 stocks.
Subject to the employment of relevant staff and other criteria, the acquirer has been granted temporary NOMAD status by the London Stock Exchange to enable it to serve the existing clients of Seymour Pierce.
Operating as a member of the London Stock Exchange, Cantor Fitzgerald Europe manages more than 150 experienced sales and trading professionals offering numerous financial services and products to institutional clients in all markets.