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Cantor Hires 17 From Canaccord to Start Advisory Unit

Cantor Fitzgerald LP, the investment bank planning to add 800 employees in coming years, hired 17 people from the capital markets division of Canaccord Financial Inc. to start a corporate advisory business in Europe.

The group, based in London, will be led by Gordon Neilly, 52, who was named head of corporate finance, New York-based Cantor said today in a statement. Angelo Sofocleous, 45, co-head of equity trading, will run European sales and trading with Marc Altmann, who was already employed at Cantor. The team will report to James Rowsell, chief executive officer of Cantor Fitzgerald Europe, the firm said. The group, which will also expand brokerage services in Europe, previously worked at Canaccord Genuity, according to the statement.