As covered in the media, Cantor Fitzgerald Ireland has agreed, subject to Central Bank consent, to acquire Merrion Capital Group. This follows on from other developments in 2017, including our acquisition of L&P group and the transfer of RaboDirect’s fund clients.
This is a very positive development for our company and further endorsement from our shareholder, the Cantor Fitzgerald Group.
The Merrion Capital Group comprises operating subsidiaries Merrion Stockbrokers, Merrion Investment Managers and Merrion Corporate Finance. Merrion ranks as one of Ireland’s leading independent providers of financial services, with origins and values similar to those of our own firm. 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, will create one of the largest financial services firms in Ireland, while retaining both our and Merrion’s client-centric offering and approach.
For the Merrion team ensuring continuity of personnel, strategy, and their client-focused philosophy, was an important factor in their decision to join our firm and they see this as an important development to help their teams build scale and to deepen their product offering for existing clients in all areas of their business. Pat O Neill, CEO of Merrion summarised this well. “The values, strategies and approaches of both firms are similar. We are excited to join a world-class firm like Cantor Fitzgerald, which continues to see considerable growth globally as well as in Ireland.”
For Cantor Fitzgerald Ireland this is another milestone in our development, since our formation in Ireland in 1995, to building and maintaining our reputation as a first class firm that works hard for you, our clients. This will be the sixth acquisition in our corporate history, with each acquisition making our business stronger and adding to the depth in our senior management team at every level.
What will this mean for our clients? We believe that combined, Merrion and Cantor Fitzgerald will offer an improved range of products and the very best of both firms in terms of systems, infrastructure and of course people. People make businesses work and in both firms there are experienced, best-in-class personnel with investment expertise that has stood the test of time and continues to strengthen what is a premier brand in financial services.
We value our clients and look forward to serving you over the coming years.
To speak with a portfolio manager or account executive today, please phone the Cantor Fitzgerald dealing desk on 01 633 3633.
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