Cantor Fitzgerald experiences a shift following Osigus' announcement
Marc Osigus, the former head of investment banking at HAL, has announced his move to U.S. firm Cantor Fitzgerald. The news of his transition was previously reported by Bloomberg News in June, and Osigus himself made the announcement on a verified LinkedIn account.
Osigus now holds the position of head of investment banking for Continental Europe at Cantor Fitzgerald, headquartered in New York. The move comes after HAL was recently acquired by Dutch bank ABN Amro, and the synergies from this acquisition are expected to be significant.
ABN Amro expects to achieve annual cost and revenue synergies of at least €60 million before taxes from 2028. The specifics of potential job cuts due to these synergies remain unclear, and the details of Howard Lutnick's departure as the leader of Cantor Fitzgerald in North America are not publicly specified.
Howard Lutnick stepped down as the leader of Cantor Fitzgerald this year, with his successor yet to be announced. The firm is, however, reportedly considering hiring an entire team of bankers from HAL. Representatives of Cantor Fitzgerald were unavailable for comment from Bloomberg News.
The synergies from the HAL acquisition by ABN Amro will be realised from 2028, and are expected to bring about substantial improvements for both companies. This development marks an exciting chapter in the financial industry, as two prominent players in their respective markets join forces.
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