Cantor names David Stith managing director, head of leveraged finance

By Devika Patel

Knoxville, Tenn., June 22 - Cantor Fitzgerald & Co. said it has hired David Stith in its investment banking group as managing director, head of leveraged finance and financial sponsor coverage.

Stith has over 25 years of industry experience, most recently with Merrill Lynch & Co., where he was a managing director in the leveraged finance group.

At Cantor, he will be responsible for originating, structuring, marketing and executing leveraged finance transactions and covering financial sponsors' clients.

Cantor said that while at Merrill Lynch, Stith worked on some of their largest leveraged finance transactions, including Freeport-McMoRan's $25.9 billion acquisition of Phelps Dodge, Hertz Corp.'s $15.5 billion leveraged buyout by a consortium of private equity firms and the largest buyout of a for-profit education company, Education Management Corp., for $3.4 billion.

Stith also worked at Bear Stearns and Bank of America.

He holds a Master of Business Administration degree from Harvard Business School.

Cantor is a financial services firm based in New York.

© 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.