Cantor Fitzgerald Hires Leading Market Making ETF Team Led By Reggie Browne, Eric Lichtenstein, and Darren Taube

NEW YORK, Sept. 20, 2013 /PRNewswire/ -- Cantor Fitzgerald & Co., a leading financial services firm, announced today that it has hired a team of ETF market making specialists led by Reginald M. Browne, Eric D. Lichtenstein and Darren J. Taube.  Messrs. Browne, Lichtenstein and Taube, who have worked together for more than eight years, join Cantor as senior managing directors reporting to Jarred Kessler, Global Head of Equities, from Knight Capital Group, where their team established themselves as leading ETF market makers.

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"Reggie, Eric, and Darren have built one of Wall Street's most cohesive teams and they are unquestionably the most knowledgeable and experienced professionals when it comes to the pricing and trading of ETFs," said Shawn P. Matthews, CEO of Cantor Fitzgerald. "Their ETF team strengthens our sales and trading capabilities, and underscores our unwavering commitment to providing clients with superior, world-class service globally as we continue to invest in building a global distribution platform with a keen focus on markets experiencing measurable growth."

Mr. Kessler added, "I look forward to working with Reggie, Eric, Darren and the team, building upon Cantor's existing ETF platform to serve our institutional and broker dealer client base. We are confident they will make an immediate and significant impact to our clients, while aggressively expanding our product offerings to position Cantor as the leader in the ETF market."

Mr. Browne said, "We appreciate the vote of confidence Cantor Fitzgerald has delivered to my team.  Access to a deep pool of capital, combined with Cantor's significant global distribution network, will benefit clients utilizing nearly 3,000 ETFs listed in the United States, Canada and Europe.  We plan to maintain our historical commitment in helping sponsors launch ETFs in the US and expand services in Europe."

Mr. Browne was previously a Managing Director at Knight Capital Group, leading the ETF team.  He also has served as Co-Head and Senior Vice President in the ETF Index Group at Newedge USA, where he led the global expansion of institutional sales, and has held several leadership roles in other firms.  Mr. Browne received a B.S. in Finance from La Salle University.

Mr. Lichtenstein served as a Managing Director on the ETF team at Knight Capital Group.  Earlier at Newedge USA, he was Co-Head and Senior Vice President in the ETF Index Group, served at Spear, Leeds & Kellogg as a Specialist in the Index Derivatives Group, and co-founded a market-making firm on the American Stock Exchange.  Mr. Lichtenstein received a B.S. in Nutritional Sciences from Cornell University.

Mr. Taube served as a Managing Director on the ETF team for Knight Capital Group.  He was Co-Head and Senior Vice President in the ETF Index Group at Newedge USA, served at Spear, Leeds & Kellogg as a Specialist in the Index Derivatives Group, and co-founded a market-making firm on the American Stock Exchange.  Mr. Taube has a Bachelor of Business Administration from Emory 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.  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.

Note to Editors
Cantor Fitzgerald, L.P. is the parent entity of Cantor Fitzgerald & Co.

SOURCE Cantor Fitzgerald & Co.