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Cantor Fitzgerald Taps Manges to Help Run Muni Trading

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April 17 (Bloomberg) -- Hardy Manges will help oversee municipal trading and underwriting for Cantor Fitzgerald & Co., the financial services firm and primary dealer.

Manges, 46, who previously ran the secondary municipal trading desk at Mitsubishi UFJ Securities, was appointed managing director and co-head of municipal debt capital markets, Cantor said yesterday in a news release. He will work alongside co-head Jim Dolan.

Hiring Manges fits Cantor’s strategy of broadening its municipal-bond work, said Shawn Matthews, chief executive officer of the New York-based firm.

“The expansion of our municipal sales and trading business has been a key focus for us, particularly in competitive underwriting,” Matthews said in a statement.

Cantor serves more than 7,000 institutional clients globally and is one of 22 primary dealers authorized to trade U.S. government securities with the Federal Reserve Bank of New York.

To contact the reporter on this story: Romy Varghese in Philadelphia at rvarghese8@bloomberg.net

To contact the editors responsible for this story: Stephen Merelman at smerelman@bloomberg.net Mark Schoifet

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