Cantor Fitzgerald acquires Ireland’s Dolmen Stockbrokers
Financial services firm Cantor Fitzgerald has acquired Dolmen Stockbrokers, one of the largest independent stockbrokers in Ireland.
The transaction expands Cantor's capacity to provide sales and trading, research and advisory services to clients in Ireland as part of the continued growth of its global capital markets franchise.
Serving clients in the Irish marketplace through offices in Dublin, Cork and Limerick, Dolmen's team of 90 professionals will continue to be led by Ronan Reid, who will serve as chief executive officer of Cantor Fitzgerald Ireland and stockbroking division, Dolmen Stockbrokers, a part of Cantor Fitzgerald Ireland.
Cantor Fitzgerald Ireland will provide institutional, corporate and retail clients in Ireland with access to the firm's global distribution platform and breadth of financial products, while focusing on growing Cantor's client base in the region. Cantor Fitzgerald Ireland will offer clients institutional bond and equity market trading and dealing, investment banking services, retail stock broking, currency broking, sale of structured products, discretionary wealth management and pension services. In addition, the firm will provide management and advisory services, and expand the range of brokerage services to clients.
"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 P Matthews, chief executive officer of Cantor Fitzgerald & Co 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."
"We are all excited by the opportunity to join a world-class firm such as Cantor, which continues to see tremendous growth," says Reid. "We look forward to the scale and opportunity that Cantor brings allowing us to serve a broader global client base, as well as deepening our product offering for clients in Ireland."
Cantor Fitzgerald received regulatory approval for the transaction from the Central Bank of Ireland.
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