Cantor
Fitzgerald Europe, an investment bank in securities and derivatives, has
released its financial statement for the year ended 31 December 2022. The
report highlights the company’s strong financial performance and strategic
priorities going forward.
Cantor Fitzgerald Profits
Rise in 2022
In 2022, the
company operating from the United Kingdom, Israel, and Dubai, reported a profit
before tax of $12,6 million, a significant increase of 36% from the previous
year’s profit of $1,1 million. The company’s gross profit also increased by
80.5% compared to 2021.
“Investment
Banking had a record year with increased deal flow in the power, infrastructure
and renewable energy space,” the company wrote in the report. “Equities
continued its transition to align the business with our strengths in the US. Prime
Brokerage continued to see significant client additions driving balance and
execution growth.”
Despite
lower market volumes resulting in reduced client activity for Fixed Income,
Cantor Fitzgerald Europe remained focused on maintaining profitability through
cost reduction and increasing revenues. The company aims to maintain a
regulatory capital surplus and exceed minimum capital ratio requirements.
In
addition, Cantor Fitzgerald Europe’s total assets increased from $1.045 billion
in 2021 to $1.174 billion in 2022. This growth reflects the company’s
commitment to maintaining a strong financial position while pursuing growth
opportunities.
Looking ahead,
Cantor Fitzgerald Europe plans to continue concentrating on its core activities
of Investment Banking, Equities, Fixed Income and Prime Services while
exploring new growth opportunities. The report states that “the company
will continue to focus on delivering value to clients through innovation and
exceptional service.”
FCA-regulated and LSE-member
Company
The Company
holds the Financial Conduct Authority (FCA) authorization to engage in
investment business in the United Kingdom under the Financial Services and
Markets Act 2000.
As of 31
December 2022, Cantor Fitzgerald Europe’ was a registered member of the London
Stock Exchange (LSE) for equity exchange services. For derivatives exchange services, it also held memberships with Euronext in Amsterdam and Paris Eurex Exchange and ICE Futures Europe.
Cantor
Fitzgerald was established in 1945 as an investment bank and brokerage. Over
the course of 70 years, it has experienced substantial growth and evolved into
one of the foremost global financial services firms.
This article was written by Damian Chmiel at www.financemagnates.com.
