Cantor Fitzgerald Europe, an investment bank in securities and derivatives, has released its financial statement for the year ended 31 December 2022. The report highlights the company's strong financial performance and strategic priorities going forward.
Cantor Fitzgerald Profits Rise in 2022
In 2022, the company operating from the United Kingdom, Israel, and Dubai, reported a profit before tax of $12.6 million, which is a significant increase of 36% from the previous year's profit of $1.1 million. Additionally, the company's gross profit increased 80.5% compared to 2021.
“Investment Banking had a record year with increased deal flow in the power, infrastructure and renewable energy space,” the company wrote in the report. “Equities continued its transition to align the business with our strengths in the US. Prime Brokerage continued to see significant client additions driving balance and execution growth.”
Despite lower market volumes resulting in reduced client activity for Fixed Income, Cantor Fitzgerald Europe remained focused on maintaining profitability through cost reduction and increasing revenues. The company aims to maintain a regulatory capital surplus and exceed minimum capital ratio requirements.
In addition, Cantor Fitzgerald Europe's total assets increased from $1.045 billion in 2021 to $1.174 billion in 2022. This growth reflects the company's commitment to maintaining a strong financial position while pursuing growth opportunities.
Looking ahead, Cantor Fitzgerald Europe plans to continue concentrating on its core activities of Investment Banking, Equities, Fixed Income and Prime Services while exploring new growth opportunities. The report states that: "the company will continue to focus on delivering value to clients through innovation and exceptional service."
FCA-regulated and LSE-member Company
The Company has authorization from the Financial Conduct Authority (FCA) to engage in investment business in the United Kingdom under the Financial Services and Markets Act 2000.
As of 31 December 2022, Cantor Fitzgerald Europe' was a registered member of the London Stock Exchange (LSE) for equity exchange services. For derivatives exchange services, it held memberships with Euronext in Amsterdam and Paris Eurex Exchange and ICE Futures Europe.
Cantor Fitzgerald was established in 1945 as an investment bank and brokerage. Over the course of 70 years, it has experienced substantial growth and evolved into one of the foremost global financial services firms.
