Cantor Fitzgerald expands global credit/high-yield, distressed sales

By Susanna Moon

Chicago, Jan. 13 - Cantor Fitzgerald & Co. said it added eight members to its debt capital markets business.

The group consists of James Mitchell, managing director of trading; Ron Consiglio, John Stelwagon and Amil V. Schiaffino, managing directors of research; sales directors Ben Lloyd and Brad Darby; and sales associates Melissa McKenna and Richard Thibeault.

Mitchell comes from UBS, where he was a senior trader responsible for trading loans, bonds and credit derivatives for European high-yield and distressed credits. Before that, he was at Citi in New York and London, responsible for rebuilding the European distressed debt trading business and trading high-yield cash and CD books, and also served in structured corporate debt analyzing and originating a variety of debt financings for leveraged corporates, including restructuring financings, hybrid capital, tax financings, project finance and other secured or structured financings. Mitchell holds a bachelor of arts degree in economics from Princeton University. He will be based in Cantor's London office.

Stelwagon previously was a portfolio manager at Apidos Capital Management, a subsidiary of Resource America, where he managed collateralized loan obligation portfolios, and also was managing director in Babson Capital's leveraged loan group as well as its predecessor, First Union's institutional debt management, where he was a member of the investment committee and head of loan research. Earlier in his career, Stelwagon was a group credit officer at Societe Generale in New York and was an analyst in National Australia Bank's North American loan restructuring group. He is a graduate of Lafayette College.

Consiglio joins Cantor Fitzgerald from Akarui Capital Partners, where he focused on undervalued and stressed credits in the North American high-yield market for a startup credit fund. He also was an analyst at Loeb Partners Corp. focusing on high yield, distressed securities and risk arbitrage.

Schiaffino has more than 20 years of experience in capital markets as head of high-yield and investment-grade research at Schroders & Co., Scotia Capital Markets, Paine Webber and BMO Capital Markets, where he ran the sales and trading desks, focused on manufacturing, health care, leisure, chemicals and retail/consumer product companies.

Schiaffino is experienced in the valuation of distressed and bankrupt fixed-income securities, including bank debt, trade claims and equity. He holds an MBA in finance from the Stern School of Business at New York University and a bachelor of engineering degree from the Cooper Union.

Darby was a senior salesperson at Summit Securities and worked in sales on the high-yield/distressed desks at Guggenheim Capital and Miller Tabak Roberts Securities. He has a bachelor of arts degree from St. Lawrence University and an MBA from Baruch College.

Lloyd began his career at Barclays Capital in the loans group working in both high-grade and high-yield sales positions since 1998. Lloyd graduated from Cardiff University with a masters degree in mechanical and energy engineering.

McKenna was most recently at Citigroup as an associate on the foreign exchange/corporate sales desk. She is a graduate of Georgetown University's business school.

Thibeault joins Cantor from Deutsche Bank Securities where he worked as part of the high-yield distressed debt sales team since 2007. He received a degree in finance from the W.P. Carey School of Business at Arizona State University.

The New York financial services firm said it added nearly 100 sales and trading professionals in 2008 and more than 125 new strategic hires in 2009.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.