January 18, 2012, 9:43 PM EST By Debra Mao Jan. 19 (Bloomberg) — Cantor Fitzgerald LP, a New York- based brokerage, said the departure of four managing directors to a China-backed investment bank caused a 29 percent drop in the average monthly revenue of its Hong Kong business. Thomas Chan, Cantor’s Hong Kong …
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Cantor Says Hong Kong Defections Caused Revenue Drop
January 18, 2012, 12:02 PM EST By Debra Mao Jan. 19 (Bloomberg) — Cantor Fitzgerald LP, a New York- based brokerage, said the departure of four managing directors to a China-backed investment bank caused a 29 percent drop in the average monthly revenue of its Hong Kong business. Thomas Chan, Cantor’s Hong Kong …