Cantor Fitzgerald Announces Strong Growth in Healthcare Investment Banking with 40 Transactions in 2014

NEW YORK, Feb. 9, 2015 /PRNewswire/ -- Cantor Fitzgerald, a leading global financial services firm, today announced strong growth in the Healthcare Investment Banking Group with 40 completed transactions across all products in 2014, and the continued expansion of its team with three senior appointments. Gill Sawhney and Adam Mostafa join the Healthcare Investment Banking Group as Managing Directors, and Savan Devani joins as Director.  Messrs. Sawhney and Mostafa will be based in New York, and Mr. Devani will be based in San Francisco, and all will report to Robert Dentice, Head of Healthcare Investment Banking at Cantor Fitzgerald.

"We are very pleased to welcome such seasoned veterans like Gill, Adam and Savan to our growing Healthcare Investment Banking team," said Shawn P. Matthews, Chief Executive of Cantor Fitzgerald & Co.  "The addition of these talented professionals underscores our ongoing commitment to strengthening our investment banking operations and deepening our capabilities in the healthcare sector.  The healthcare industry is an area of growth for Cantor, and we look forward to increasing our coverage of the sector by leveraging the wealth of experience and relationships that these professionals bring to our firm."

Cantor Fitzgerald's Healthcare team completed over 40 transactions across all products, including IPOs, follow-ons, structured equity, debt and M&A, and within all subsections for a notional transaction value of over $4 billion in 2014.  Additionally, Cantor Fitzgerald was ranked as No. 1 in sole-managed at-the-market offerings (ATM) provider for the Life Sciences sector in 2014, according to Dealogic, a technology and content platform used globally by financial service firms for deal origination and execution tracking.

"The Healthcare sector is a focus for our Investment Banking business and an area the firm has had a long history serving clients in.  The appointment of these highly experienced professionals is part of our ongoing strategy to build on our momentum and broadening our coverage of the sector," said Jeffrey Lumby, Head of Equity Capital Markets and Co-Head of Investment Banking at Cantor Fitzgerald & Co.

Mr. Dentice added, "We remain focused on bringing creative financing and strategic solutions to the Healthcare sector, and strive to build on our momentum by adding more highly experienced professionals to our practice. We have a growing team of investment bankers and senior equity research analysts that are all focused solely on healthcare companies, and serving the needs of clients in this rapidly growing and changing market."

Mr. Sawhney previously served as Partner at Point Capital Partners.  He has also held senior positions at ING Barings, UBS, Thomas Weisel Partners and Morgan Joseph TriArtisan.  Mr. Sawhney holds a B.A. in Economics from the University of Pennsylvania.

Mr. Mostafa most recently served as Senior Vice President in Healthcare Investment Banking at Needham & Company, LLC.  Earlier, he was Vice President in Investment Banking at CRT Investment Banking, LLC.  Mr. Mostafa has also held senior positions at AQR Capital Management and Citigroup.   He holds a B.A. in Mathematical Economics from Brown University.

Mr. Devani previously served as Director in the Global Healthcare Investment Banking group at Deutsche Bank.  Prior to this, he was a Global Healthcare Investment Banking Associate at Citigroup.  Mr. Devani holds a B.S. in Bioengineering from the University of California at Berkeley and an M.S. in Bioengineering from the University of Pennsylvania. 

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 is a preeminent investment bank serving more than 7,000 institutional clients around the world, recognized 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 22 primary dealers authorized to trade U.S. government securities with The Federal Reserve Bank of New York. Cantor Fitzgerald's 1,600 employees serve clients through over 35 locations, including major financial centers around the world in the Americas, Europe, Asia/Pacific, and the Middle East. For more information please visit

Note to Editors: Cantor Fitzgerald, L.P., led by Chairman and Chief Executive Officer Howard W. Lutnick, is the parent entity of Cantor Fitzgerald & Co., led by Chief Executive Officer Shawn P. Matthews.


SOURCE Cantor Fitzgerald