NEW YORK (Reuters) - Stan Gregor, a private banker hired almost two years ago to create a wealth management business for Wall Street trading firm Cantor Fitzgerald & Co., is leaving, according to trade publication InvestmentNews.
Reached by phone, Gregor declined immediate comment. A Cantor spokeswoman said the company does not comment on personnel matters.
Gregor, who maintained his residence in North Carolina, is still listed on the website of New York-based Cantor Fitzgerald Wealth Partners as co-chief executive with Shawn Matthews, who also is chief executive of the parent company.
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In an interview one year ago, Gregor said he had recruited four teams of financial advisers with about $3.4 billion of assets and planned to grow to more than 250 advisers serving wealthy investors within a few years.
Gregor, who since 1987 has worked for 13 broker-dealers, said Cantor gives advisers the choice of joining as equity partners or working in a more traditional relationship.
According to Cantor Fitzgerald Wealth Partners' website, the firm now has five wealth management partners and six "team members" who work with them. Cantor Wealth had a home-office staff of 24 people, Gregor said last April.
(Reporting By Jed Horowitz; Editing by Cynthia Osterman)