Cantor Fitzgerald Ireland Ltd (“Cantor”), a subsidiary of Cantor Fitzgerald Securities, today announced the agreement to acquire Irish-based financial services firm Merrion Capital Group Ltd (“Merrion”), which is composed of the operating subsidiaries Merrion Stockbrokers Ltd, Merrion Investment Managers and Merrion Corporate Finance, subject to the Central Bank of Ireland’s consent and other completion conditions.
Following on from the acquisition by Cantor of L&P Group in 2017, the transaction will expand Cantor’s breadth of investment management, financial advisory, debt and corporate advisory offering, while also enabling the Merrion team to avail itself of the expertise, resources and network of a global organisation.
“Merrion ranks as one of Ireland’s leading independent providers of financial services, with origins and values similar to Cantor’s business. The firm’s experienced team of professionals has a strong market position,” said Ronan Reid, Chief Executive Officer of Cantor Fitzgerald Ireland. “The addition of Merrion’s very experienced and respected personnel to our own Wealth Management, Debt and Corporate Finance teams, together with Merrion Investment Managers, the excellent standalone Investment Management division, will create one of the largest financial services firms in Ireland, while retaining both firms’ client-centric offering and approach.”
“Ensuring continuity of the Merrion team, strategy, and our client-focused philosophy, was an important factor in our decision to join Cantor and will help us build scale and deepen our product offering for existing clients in all areas of our business,” said Pat O’ Neill, CEO of Merrion. “The values, strategies, and approaches of both firms are similar, and the transaction will undoubtedly prove beneficial to both firms and their clients. We are excited to join a world-class firm like Cantor Fitzgerald, which continues to see considerable growth globally as well as in Ireland.”
As noted the acquisition is subject to regulatory approval from the Central Bank of Ireland as well as certain other completion conditions.
About Cantor Fitzgerald Ireland
Cantor Fitzgerald Ireland provides a full suite of investment services, primarily in wealth and portfolio management, stockbroking, pensions, debt capital markets and corporate finance. Cantor Fitzgerald has a proud history of stockbroking and servicing its private and institutional clients and financial advisors in Ireland since 1995 and is recognised as a primary dealer in government bonds. Clients include private individuals and corporate entities, financial institutions, investment funds, credit unions and charities.
About Cantor Fitzgerald
Cantor Fitzgerald, a leading global financial services group at the forefront of financial and technological innovation has been a proven and resilient leader for over 70 years. Cantor Fitzgerald & Co. is a preeminent investment bank serving more than 7,000 institutional clients around the world, recognised for its strengths in fixed income and equity capital markets, investment banking, prime brokerage, and commercial real estate finance and for its global distribution platform. Cantor Fitzgerald & Co. is one of 23 primary dealers authorised to trade U.S. government securities with The Federal Reserve Bank of New York. For more information please visit www.cantor.com.
Note to Editors: Howard W. Lutnick, Chairman & Chief Executive Officer, and Anshu Jain, President, lead Cantor Fitzgerald LP, the parent company of Cantor Fitzgerald & Co
Media Contact Cantor:
Linda Forde, Marketing & PR, Cantor Fitzgerald Ireland
+353 1 633 3800
Established in 1999, Merrion Capital has three main operating businesses: Merrion Stockbrokers Limited (which is involved in Wealth Management for high net worth individuals, financial advisors and institutions and Fixed Income focused on Eurozone sovereign and financial sector bonds); Merrion Investment Managers Limited (which is Ireland’s leading independent pensions and investment fund management firm); and Merrion Corporate Finance Limited (an advisory business with a broad range of transactional expertise with a wide range of domestic and international clients).
Merrion has two significant external shareholders: Somers Limited, a listed Bermuda-based company with interests in financial services; and Tetrarch Capital Partners Limited, a Dublin based real estate, private equity investment and asset management firm. www.merrion-capital.com