Anshu Jain Joins Cantor Fitzgerald as President

Jain previously spent time at Deutsche Bank and Merrill Lynch.

Anshu Jain, new President of Cantor Fitzgerald (left)

Howard Lutnick, chairman and CEO of Cantor Fitzgerald, said in a statement that the addition of Jain will improve the firm's client service and expand its products and services.

"We expect to leverage Anshu's global outlook, unrivaled experience, and deep network to further grow our firm," Lutnick said.

Shawn Matthews will remain a president and CEO of Cantor Fitzgerald & Co., the firm's broker-dealer subsidiary.

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SEC squares off with broker-dealers over data analytics usage

The Gensler administration has ruffled feathers in the broker-dealer community with a new proposal seeking to limit their use of predictive data analytics. But at the heart of this deal is something far more seismic: one of the first attempts by the SEC to regulate AI.

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