NEW YORK, Sept. 20, 2013 /PRNewswire/ -- Cantor Fitzgerald & Co., a leading global financial services firm, today announced the continued expansion of its fixed income sales and trading team with the appointment of Jashin Patel and Stephen Gargiulo as Managing Directors. Mr. Patel will focus on non-agency residential mortgage backed security trading and Mr. Gargiulo will focus on commercial mortgage backed security trading.
"I am delighted to have talented and seasoned industry professionals like Jashin and Stephen join the Cantor team. Their deep expertise and depth of relationships exemplifies the talent Cantor is attracting as a result of our broad distribution platform, continuing growth and unwavering dedication to serving clients," said Shawn P. Matthews, Chief Executive Officer of Cantor Fitzgerald & Co. "We will continue to strengthen our firm's sales and trading capabilities to provide our clients with top-notch service and a broad array of products and services."
Mr. Patel joins Cantor from Deutsche Bank, where he served as a senior trader and Director of Non-Agency RMBS Trading. Mr. Patel holds a B.A. in Microbiology from The University of Texas at Austin and an M.B.A. in Finance from New York University.
Mr. Gargiulo joins Cantor from Citigroup, where he served as a Director and Senior CMBS trader in the Global Securitized Markets business. Earlier, he was a Managing Director in mortgage trading at Bear Stearns. Mr. Gargiulo holds a B.A. in Political Science from Columbia University.
About Cantor Fitzgerald Cantor Fitzgerald, a leading global financial services firm at the forefront of financial and technological innovation has been a proven and resilient leader for over 65 years. Cantor is a preeminent capital markets investment bank serving more than 5,000 institutional clients around the world, recognized for its strengths in equity and fixed income capital markets, investment banking services, prime brokerage, and commercial real estate financing and global distribution platform. Cantor Fitzgerald also is a leader in new businesses and marketplaces including gaming technology, e-commerce, insurance and other ventures. Cantor Fitzgerald & Co. is one of 21 primary dealers authorized to trade U.S. government securities with The Federal Reserve Bank of New York. Cantor Fitzgerald's 1,600 employees serve clients through over 30 locations, including major financial centers around the world in the Americas, Europe, Asia/Pacific, and the Middle East. For more information please visit www.cantor.com.