The team which includes professionals from Canaccord Genuity, will be headed by Gordon Neilly, who joins as head of corporate finance, the firm said.

According to the asset manager, Angelo Sofocleous will join as co-head of equity trading and will oversee European sales and trading with Marc Altmann.

Based in London, the team will report to James Rowsell, chief executive officer of Cantor Fitzgerald Europe.

The new business unit will cater financial advisory services for asset management, wealth management and investment firms, covering primary issuance, mergers and acquisitions, capital reorganizations, debt issuance and strategy.

Rowsell said, "With the addition of these high calibre professionals, we are in an ideal position to offer financial and advisory services throughout the European market and to add further sector specialisation."

Cantor is authorized and regulated in the UK by the Financial Services Authority, and is a member of the London Stock Exchange.