Cantor Fitzgerald has announced the acquisition of Dublin-based Dolmen Stockbrokers, in a move that gives the US firm an Irish presence.
Ronan Reid, Dolmen's current chief, will continue to lead the firm as CEO of Cantor Fitzgerald Ireland. Dolmen Stockbrokers will serve as the brokerage arm of the new firm, and retain its name at present.
The acquisition gives Cantor, a New York-based investment bank, access to Dolmen clients through its offices in Dublin, Cork and Limerick, as well as its 90 staff. The firm, as Cantor Fitzgerald Ireland, will offer equity market and insitutional bond trading, investment banking, retail brokerage, structured products, and wealth and pension management among other services.
"Dolmen Stockbrokers ranks as one of the leading firms in the Irish marketplace, and complements our strength in serving clients with a full range of investment resources," says Shawn Matthews, CEO at Cantor Fitzgerald and chairman of Cantor Fitzgerald Ireland. "Building a full-service sales and trading, research and advisory business in Ireland is an important step in our continued expansion, as Ronan and the team of talented, well-respected Dolmen professionals provide clients with the high quality service Cantor is known for, coupled with our world-class execution."
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