DUBLIN, 18th June 2017
Cantor Fitzgerald Ireland, a subsidiary of Cantor Fitzgerald Securities, today announced the agreement to acquire L&P Group (“L&P”), the Ireland-based international consultancy that specialises in providing advisory services to charities, trusts, not-for-profit organisations and religious orders.
The transaction expands Cantor Fitzgerald Ireland’s breadth of financial advisory capabilities with clients in the non-profit sector, while also enabling L&P to avail itself of the global expertise, resources and network of a global organisation.
“The L&P Group ranks as one of Ireland’s leading providers of financial advisory and stewardship services to non-profit clients. The firm’s strong management and experienced team of professionals have a unique market position with religious orders and charities,“ said Ronan Reid, Chief Executive Officer of Cantor Fitzgerald Ireland. “Its multi-faceted approach and skillset is something we value and look forward to developing with other relevant client segments, including government agencies, endowment trusts and foundations, as well as credit unions, both in Ireland and internationally.”
“We are excited to join a world-class firm like Cantor Fitzgerald, which continues to see considerable growth globally as well as in Ireland,” said Shane Cowley, CEO of L&P: “Ensuring continuity of the L&P team and our client-centric philosophy was an important factor in our decision to join Cantor and will help us to serve a broader global client base, build scale and deepen our product offering for existing clients.
“This change will benefit our clients by giving us the tools and resources to further enhance our service offering and dedicate more time to client matters, particularly in today’s increasingly regulated environment,” added Mr. Cowley.
L&P has a diverse and experienced team, with the necessary cross-disciplinary expertise to fully support longstanding clients with a range of capabilities including Stewardship and Business Advisory Services, Ethical Investment Management Advisory Services, Financial Management and Governance Advisory Services.
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.
Cantor Fitzgerald received regulatory approval for the transaction from the Central Bank of Ireland and the transaction is expected to close in the second quarter of 2017.
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. For more information please visit www.cantorfitzgerald.ie.
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 65 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.
L&P is an international consultancy group that specialises in providing stewardship related services to charities, trusts, not-for-profit organisations and religious congregations since 1987. Great emphasis is placed on understanding the individual character, ethos and structure of each client organisation. L&P works with clients across many different jurisdictions, and engages in a range of activities including education, healthcare, social services, care of the aged and international development. L&P offers its clients support across every aspect of managing the day-to-day activities and planning the future development of their organisation. L&P also advises trustees of endowment and development funds. Investment and related services are provided by L&P Investment Services Limited. All other services are provided by L&P Trustee Services Limited. For more information please visit www.lpgroup.ie.
Linda Forde, Marketing & PR, Cantor Fitzgerald Ireland, tel +353 1 633 3800