Cangemi to Lead ConvergEx's European Broker
In his new role, Cangemi will be responsible for overseeing ConvergEx's European operations. He will continue in his current role as co-head of electronic equity trading and sales.
"During his 30 years in the securities business, Joe has played a critical role in helping to shape our industry. His in-depth knowledge of market structure and the regulatory landscape will be instrumental as he takes on this position," says Joseph Velli, chairman and CEO of ConvergEx Group.
Cangemi joined ConvergEx Group through the acquisition of Francis P. Maglio & Co., a firm he co-founded in 1983 and grew to become one of the industry's top direct access floor brokers. In 2006, he was appointed to the Security Traders Association's (STA) Board of Governors and served as STA treasurer in 2009, and eventually chairman. He is also a past governor of the New York Stock Exchange.
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