NEW YORK, Sept. 28, 2011 /PRNewswire/ -- Cantor Fitzgerald & Co., a leading global financial services firm, announced today that Jeffrey Lumby has been appointed Head of Equity Capital Markets. Mr. Lumby, who will report to Shawn P. Matthews, Chief Executive Officer of Cantor Fitzgerald & Co., will work closely with Jarred Kessler, Global Head of Equities, and with Cantor's Investment Banking team, led by Steven L. Kantor, Executive Managing Director and Global Head of Investment Banking, in creating tailored services for growth-oriented clients and driving the continuing growth of Cantor's business.
Mr. Lumby, who joined Cantor in 2001, most recently served as a Senior Managing Director with responsibility for the firm's Controlled Equity Offering(SM) ("CEO") product, Cantor's at-the-market ("ATM") structure that allows public companies to access the equity capital markets efficiently and cost-effectively. In addition to continuing to oversee the CEO(SM) product, Mr. Lumby will be responsible for equity linked origination and execution on behalf of clients.
"Jeff's expanded role is a testament to his commitment to delivering value for our clients and success in leading our at-the-market business. This appointment reflects his proven ability throughout his tenure at Cantor Fitzgerald to provide insights and successfully execute each client's unique needs and requirements," said Howard W. Lutnick, Chairman and Chief Executive Officer of Cantor Fitzgerald, L.P.
"Jeff was the driver in creating Cantor's preeminent position in the ATM market. His leadership strengths and superior client relationships make him an ideal choice as Head of our Equity Capital Markets team," said Mr. Matthews. "His appointment strengthens our management team and furthers our ability to engage with clients across the full range of their strategic needs."
Mr. Lumby said, "This is an exciting opportunity to be part of the growth story at Cantor, one of the most successful middle market financial firms in the world. We have built one of the longest track records and clearly the most extensive practice on Wall Street with Cantor's at-the-market offerings. While we continue to focus on growing the ATM platform, I am excited to take on this expanded role and help drive our equity capital markets business forward."
Through Cantor's proprietary ATM equity issuance program, Mr. Lumby and his team have put over 100 at-the-market offerings in place with a value in excess of $14 billion. Mr. Lumby was one of the originators in developing at-the-market offerings as an attractive alternative to traditional underwritten offerings. Mr. Lumby is a graduate of Rutgers University.
In conjunction with Mr. Lumby's appointment, Joshua R. Feldman has been promoted to Managing Director and will continue to focus on Cantor's CEO product and other capital markets transactions. Mr. Feldman has been involved in more than 80 at-the-market offerings and has been instrumental in bringing this capital-raising method to corporate clients. Mr. Feldman is a graduate of 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 continuing to grow its capital markets and investment banking businesses. Serving more than 5,000 institutional clients around the world, Cantor is recognized for its strengths in institutional equity and fixed income sales and trading and for its expanding presence serving the middle market with investment and merchant banking services, prime brokerage, and commercial real estate financing. 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 20 primary dealers authorized to trade U.S. government securities with The Federal Reserve Bank of New York. Cantor Fitzgerald's 1,400 employees serve clients through 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.
SOURCE Cantor Fitzgerald, L.P.