Cantor Fitzgerald Ireland’s CEO Gerald Casey has hired a former Bank of Ireland senior executive within six months of taking over the role, with the aim of doubling revenue within five years. Made several senior appointments internally to give authority to the brokerage firm. .
Aine Connolly, who recently resigned as head of Group Change Program for Markets and Treasury at Bank of Ireland and previously served as chief operating officer of the financial institution’s corporate banking division, was appointed this week to Cantor Fitzgerald Ireland. He plans to join the management team. The role of Chief Operating Officer is subject to approval from the Central Bank of Ireland. Brian Kafaki, the company’s former chief operating officer, resigned late last year to return to the United States.
Mr Casey also promoted David Tilson, a former head of markets at Bank of Ireland who was hired by Cantor Fitzgerald Ireland last summer, to the position of head of capital markets, to help grow the firm’s fixed income and equity trading business. The aims. He focuses on US stock trading and corporate financial services, primarily for European clients.
“It’s cheap to blame the lowest paid people for the challenges in our economy.”
Cantor Fitzgerald Ireland also rehired former head of equity research John Mullane as chief investment officer in the autumn. Mr. Mullane spent his nine years outside the company working as an analyst at Investec in London and as a portfolio manager at Mackenzie His Investments in Canada.
“Further announcements will be made as we promote from within and hire new talent in the asset, fixed income, equity and corporate finance areas,” the company said in a statement.
Mr Casey, originally from Tipperary, spent much of his career overseas at firms including RBC Capital Markets, Goldman Sachs and Lehman Brothers, before joining Cantor Fitzgerald in Ireland four years ago and joining Cantor Fitzgerald in August last year. He succeeded Ronan Reid as chief executive officer. Mr. Reed led Dolmen Securities, which he co-founded, after selling it to New York-based Cantor Fitzgerald in 2012.
In an interview at the end of 2023, the new CEO said he aims to double the company’s revenue in five years. The company’s latest financial report also revealed that its sales in 2022 totaled 33.7 million euros, with a net profit of 2.05 million euros in the same year.
Cantor Fitzgerald Ireland manages and advises over €8 billion in assets, making it the country’s fourth largest asset manager after Irish Life’s Union arm Davie and Goodbody Stockbrokers. .