Metropolitan West Securities will reportedly purchase Cantor Fitzgerald LP’s securities lending operation, sharing profits from the acquisition with Cantor Fitzgerald for two years, according to Bloomberg. The Cantor Fitzgerald division manages about $3.4 billion in customer assets.
Metropolitan West to Buy Cantor Sec Lending Operation
Metropolitan West Securities will reportedly purchase Cantor Fitzgerald LP's securities lending operation, sharing profits from the acquisition with Cantor Fitzgerald for two years, according to Bloomberg. The Cantor Fitzgerald division manages about $3.4 billion in customer assets.