Today, Cantor Fitzgerald Ireland Ltd completed the previously announced acquisition of Irish-based financial services firm Merrion Capital Holdings Limited (“Merrion”), comprising the operating subsidiaries Merrion Stockbrokers Ltd (trading as Merrion Private and Merrion Fixed Income), Merrion Investment Managers and Merrion Corporate Finance.
Following on from the acquisition of L&P Group in 2017, the transaction will expand Cantor’s breadth of investment management, financial advisory, debt and corporate finance advisory offering, while also enabling the Merrion team and clients to avail of the expertise, resources and network of a global organisation.
“The acquisition will bring Merrion clients the additional support of a global trusted brand and a further commitment to providing a first class level of service” said Ronan Reid, Chief Executive Officer of Cantor Fitzgerald Ireland. “Merrion is one of Ireland’s leading independent providers of financial services and we believe that this acquisition will further support our client centric offering. Our clients are the only reason that we are in business, and putting them first is core to our business strategy. We are stronger together and look forward to offering a broader range of products and services to all of our clients in 2019, both Cantor Fitzgerald Ireland and Merrion clients.”
Mr Reid further commented, “The growth in our business and the acquisitions of both L&P Group and Merrion Group reflect the continued investment by our shareholder in the business and re-affirms the commitment made upon the original acquisition in 2012. It reflects a likely continuing trend in consolidation in financial services and our sector in particular and we will continue to play a central role in this process. We have benefited from the highly successful investment performance of the L&P team, while the L&P division has also benefited from the domestic and international resources of the Cantor Fitzgerald Group. The Merrion acquisition is a significant positive, and reflects the need for consolidation in our sector as the cost of doing business rises amidst increased complexity and regulation. Irish financial services cost inflation remains a pressure point and is only addressed through investment and scale. The acquisition and integration of the Merrion business, will also add a standalone asset manager to our Group companies and will enable the expansion of the Cantor Fitzgerald brand, growth in revenues and an increase in sustainable levels of profitability, bringing together an unrivalled level of experience and expertise.”
Cantor Fitzgerald Ireland services clients in the Irish marketplace through offices in Dublin, Cork and Limerick, providing institutional, corporate and retail clients with access to the firm’s global distribution platform and breadth of financial products. These include institutional bond and equity market services, corporate finance, private client stockbroking, wealth management and pension services.
To speak with a Portfolio Manager or Account Executive, please phone the Cantor Fitzgerald dealing desk on 01 633 3633.