A new Jain army is beginning to form at Cantor Fitzgerald. Since the former Deutsche Bank CEO joined as president in January, senior names have been flocking towards the U.S brokerage firm.
The latest recruit is Medha Chadha, a former Credit Suisse investment banker who has just signed up to Cantor as a managing director and head of equity capital markets syndicate.
Jain was brought in “drive the firm’s momentum as it enters the next phase of growth”, according to its CEO Howard Lutnik, and Cantor has been hovering up senior bankers since the beginning of this year.
After Jain’s appointment, the FT suggested that the main focus would be on pushing into prime brokerage and fixed income trading. So far, significant hires include Greg Dabal, who moved from Credit Suisse as and MD in prime brokerage, Pascal Bandelier, who joined as global head of equities from Barclays and Keith Babbitt, the new head of securities lending who came from Knight Capital.
Chadha worked at Credit Suisse in New York for her entire investment banking career, having joined as a analyst in 2004. She also has an MBA from Columbia University.