Cantor Fitzgerald's Kessler Steps Down as U.S. Equities Head

  • Mattessich, Taube, Cecchini said to handle Kessler's duties
  • Kessler to pursue `significant opportunity,' his lawyer says

Jarred Kessler, a managing director who oversaw U.S. equities at Cantor Fitzgerald LP, resigned from the firm to pursue a “significant opportunity,” according to his lawyer.

Kessler, who is leaving after almost five years, is unable to comment on what he’s doing next, Ross Intelisano, of Rich, Intelisano & Katz LLP, in New York, said by e-mail on Friday.

Following his departure earlier this week, Kessler’s responsibilities will be handled by members of Cantor Fitzgerald’s executive management for equities Adam Mattessich, Darren Taube, and Peter Cecchini, according to a person with knowledge of the move, who asked not to be identified discussing a private matter. An external spokesman for the investment bank at Powerscourt in London didn’t return phone calls requesting comment about the replacements.

Cantor Fitzgerald’s Howard Lutnick hired Kessler in January 2011 as part of a push to transform the company from a bond broker into a full-service investment bank. Kessler, who joined from Credit Suisse Group AG, previously held roles with Morgan Stanley and Goldman Sachs Group Inc.

Cantor has offices in more than 30 locations globally and employs about 1,600 people.

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