Finance

Cantor Plans to Hire Dozens of Bankers in Middle East Push

Residential and commercial buildings in Dubai.
Photographer: Walaa Alshaer/Bloomberg

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By Nicolas Parasie and Laura Gardner Cuesta

September 5, 2025 at 1:30 PM UTC

Cantor Fitzgerald LP is planning to hire dozens of bankers in the Middle East in the coming years after the Wall Street firm appointed a veteran EFG Hermes rainmaker to lead its business in the region.

Cantor appointed Ali Khalpey as head of its Middle East investment banking and capital markets business, according to a memo to staff seen by Bloomberg News. He is taking charge as Cantor looks to build out a 25 to 50-person team in the region, according to a person familiar with the matter.