Cantor posts €8m debut Irish profit

The Irish arm of US investment banking giant Cantor Fitzgerald has posted an after-tax profit of just over €8m for 2013.

Cantor entered the Irish market in late-2012 via its takeover of Dublin-based stockbroking firm Dolmen. The latest figures show the Irish business grew revenues by 34% last year. The after-tax profit figure included an exceptional profit from Cantor’s share of the payout to six guarantors of the Irish Stock Exchange when it demutualised last year.

Cantor is now one of the ISE’s main shareholders, along with Davy, Goodbody Stockbrokers, Investec Bank and leading private client broker Campbell O’Connor.