Cantor Fitzgerald & Co. has established an equity securities lending team within its Cantor Prime Services Group, hiring Hedge Source co-founders Allen Wolkow and Janah Angelou to co-manage the effort.
The announcement comes on the heels of Cantor Fitzgeralds acquisition last month of PCS Dunbar Securities, a mini prime broker. Cantor Fitzgerald says its Prime Services Group added the management team and most clients of PCS Dunbar to its roster.
Adding these experienced professionals deepens our relationships with our current client base and expands the universe of clients we can attract, says Noel Kimmel, senior managing director and global head of Prime Services at Cantor Fitzgerald.
Wolkow was CEO and founding partner of Hedge Source LLC. Prior to Hedge Source, he served as managing director at Ramius Capital Group. Previously, he established the securities lending departments at Lipper & Company, and was a general partner in charge of options at Janney Montgomery Scott. He received a B.A. in economics from Brooklyn College and served in the US Marine Corps Reserve.
Angelou served as COO and founding partner of Hedge Source LLC. Previously, she was a vice president in the securities lending department at Ramius Capital Group. She began her career as a securities lending sales representative at Lipper & Company. She has a B.A in communications from the University of Massachusetts, Amherst
The equity securities lending team enhances Cantor Prime Services efforts to create a seamless platform and single point of contact for hedge funds, Wolkow and Angelou said in a joint statement. We look forward to helping Prime Services build an even greater market franchise by continuously addressing our clients needs and developing services that meet their requirements.