Cantor Plans to Hire Dozens of Bankers in Middle East Push

Cantor Fitzgerald LP is planning to hire dozens of bankers in the Middle East in the coming years after the Wall Street firm appointed a veteran EFG Hermes rainmaker to lead its business in the region.

Cantor appointed Ali Khalpey as head of its Middle East investment banking and capital markets business, according to a memo to staff seen by Bloomberg News. He is taking charge as Cantor looks to build out a 25 to 50-person team in the region, according to a person familiar with the matter.

“The Middle East represents a significant growth opportunity for Cantor,” co-chief executive ...