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Direct Investment  + M&As  | 
Cantor to Buy Canaccord Genuity’s U.S. Wholesale Market Making Unit 

Cantor to Buy Canaccord Genuity’s U.S. Wholesale Market Making Unit 

Cantor, the global investment banking division of Cantor Fitzgerald, has agreed to acquire the U.S.-based wholesale market making business of Canaccord Genuity Group, a Canada-based firm. The operation specializes in U.S. over-the-counter (OTC) wholesale market making, covering global equities and American Depositary Receipts (ADRs). 

The business will be led by John Gillespie and John Leitch, reporting to Pascal Bandelier, co-CEO and global head of equities at Cantor. Gillespie and Leitch have spent more than 15 years at Canaccord Genuity. Prior to that they were at Natixis Bleichroeder. 

“We plan to scale this business to ensure our clients have access to a more diversified range of products, helping them create value in all market conditions and across a growing global footprint,” said Bandelier.  

The deal is expected to close by the fourth quarter of 2025. 

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CantorCanaccord Genuity Group

About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.