NEW YORK, June 19, 2014 /PRNewswire/ -- Cantor Fitzgerald Wealth Partners, LLC, an affiliate of Cantor Fitzgerald & Co. serving the private wealth management market, has named Scott Hotham as Executive Vice President and Head of U.S. Private Wealth Management Sales. Mr. Hotham, who joins Cantor from Merrill Lynch, will be responsible for growing the wealth management business, and building out the infrastructure of the firm's expanding platform. Operating from Charlotte, NC and New York, Mr. Hotham will report to Stan Gregor, CEO of Cantor Fitzgerald Wealth Partners.
"We are pleased to welcome Scott to the Cantor Fitzgerald Wealth Partner team. We are assembling a top notch team with tremendous talent, reflecting our deep commitment to serving our clients and growing our business," said Mr. Gregor. "As we continue to expand, Scott and other seasoned professionals who are joining our platform add tremendous value to our clients, strengthen our ability to attract other talented advisors, and expand our breadth of services."
"Cantor continues to invest in building our wealth management platform. We intend to aggressively expand our product and service offering in key growth markets, such as wealth management. We view the addition of an executive of Scott's caliber as validation of our market expertise and ability to attract world-class talent," said Shawn P. Matthews, Chief Executive Officer of Cantor Fitzgerald & Co.
"Cantor Fitzgerald Wealth Partners is the future of the wealth management business, and I'm incredibly excited to play an integral part in its growth," says Mr. Hotham. "Our clients receive best-of-breed advice, services and product offerings, and we're proud to offer them the unique opportunity to tap in to the many institutional relationships and resources of Cantor Fitzgerald."
Mr. Hotham most recently served as Managing Director and Head of Institutional Client Solutions and Strategy at Merrill Lynch. Before that, Mr. Hotham served as the Regional Managing Director of the South Atlantic Region for Merrill Lynch, where he oversaw 1,400 employees in 65 offices across six states.
Cantor Fitzgerald Wealth Partners, an affiliate of Cantor Fitzgerald & Co., serves the private wealth market. In addition to its partnership structure, Cantor Fitzgerald Wealth Partners provides its advisors with an expansive suite of products and services, as well as access to Cantor Fitzgerald's services reserved for Cantor's large institutional clients.
About Cantor Fitzgerald
Cantor Fitzgerald, a leading global financial services group at the forefront of financial and technological innovation has been a proven and resilient leader for over 65 years. Cantor is a preeminent investment bank serving more than 7,000 institutional clients around the world, recognized for its strengths in fixed income and equity capital markets, investment banking, prime brokerage, and commercial real estate finance and for its global distribution platform. Cantor Fitzgerald & Co. is one of 22 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 35 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., led by Chairman and Chief Executive Officer Howard W. Lutnick, is the parent entity of Cantor Fitzgerald & Co., led by Chief Executive Officer Shawn P. Matthews.
SOURCE Cantor Fitzgerald & Co.