Cantor Fitzgerald has made a key hire to oversee its European exchange-traded funds unit, naming the former leader of the business at Jefferies as its regional head.
Zubin Ramdarshan was registered with Cantor Fitzgerald on the UK’s Financial Services Register on April 18.
He told Financial News he had been hired as head of ETF, Europe by Reggie Browne, the firm’s New York-based global head of the ETF business, who was once described by Forbes magazine as “the godfather of ETFs”.
Ramdarshan added that his role would encompass sales and trading activities.
He left Jefferies in October 2015 after almost five years with the firm, according to the Financial Services Register, and has been on gardening leave since. Jefferies declined to comment.
He joined Jefferies in February 2011 as a London-based managing director and head of European volatility trading in its global equity derivatives group, according to a press release from the company at the time. When he left, according to his LinkedIn profile, he was head of European ETFs and options trading.
Before Jefferies he worked at Macquarie Bank, where he was head of European volatility trading. Prior to that, he was at Bear Stearns and Deutsche Bank.
Cantor Fitzgerald built out its now 25-strong ETF team in 2013 when it hired Browne, Eric Lichtenstein and Darren Taube, all formerly with Knight Capital Group, as senior managing directors.
Neither Browne nor Gordon Neilly, Cantor Fitzgerald’s London-based co-chief executive for Europe, had returned requests for comment by the time of publication.