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Frank Cirillo
Prime Services COO and Head of Product Development at Cantor Fitzgerald
Professional Background
Frank Cirillo is an accomplished Chief Operating and Financial Officer with decades of robust experience in the finance and technology sectors. With a proven track record in front office trading management, his expertise encompasses a wide range of roles and responsibilities that span technology, operations, and finance. Frank has developed a deep understanding of products and processing across equities, cleared derivatives, and over-the-counter (OTC) derivatives, making him a valuable asset in any financial organization.
Throughout his career, Frank has served as a delivery manager for complex, high-impact initiatives. His ability to oversee projects from strategic planning to execution has made him an invaluable team member, often working directly under the head of business departments. His leadership has been crucial in driving successful outcomes that align with organizational goals.
In his role as Chief Operating and Financial Officer, Frank is responsible for intricate aspects of financial capital planning, conducting funding analyses, and providing profitability forecasts primarily for the Prime Services and Equities businesses. His insights and strategic foresight help organizations navigate the complexities associated with financial forecasting and budgeting.
A key part of Frank's exemplary career has involved being the front office business point person for multiple regulatory initiatives that include Basel regulations, EMIR, IOSCO, and the Dodd-Frank Act. His work in this area demonstrates his comprehensive understanding of business impacts and the aptness of planning and execution required to meet regulatory requirements while driving business growth.
Moreover, he has played a pivotal role in performing risk management technology evaluations. His assessments include control evaluations across the Prime Derivatives businesses, focusing on market, operational, and credit risk. This work is crucial in creating a solid financial foundation for the businesses he serves.
Frank's oversight also extends to technology strategy and vendor management. He has been responsible for the planning, implementation, and negotiation of technology needs within the Prime Derivatives business. This aspect of his work highlights his capability to align technology solutions with business objectives, thereby fostering innovation while mitigating risks.
Education and Achievements
Frank Cirillo’s educational background is marked by prestigious institutions and significant accomplishments. He earned his Bachelor of Science (B.S.) in Operations Research and Industrial Engineering from Cornell University, where he gained vital analytical and problem-solving skills that laid the groundwork for his future career in finance and operations.
Further advancing his education, Frank obtained a Master of Business Administration (M.B.A.) degree with a concentration in Finance from the University of Michigan’s Stephen M. Ross School of Business. This rigorous academic training equipped him with advanced skills in financial management and business strategy, which he has applied throughout his impressive career.
Professional Experience
Frank has held notable leadership roles within several reputable financial institutions. He is currently the Managing Director at Cantor Fitzgerald, where he leverages his extensive background to guide strategic initiatives and optimize business performance. Before this, he served as a Director at Credit Suisse, further cementing his reputation as a formidable leader in the finance sector. Earlier in his career, Frank made significant contributions as an Executive Director at Morgan Stanley, where he honed his leadership skills in a high-stakes financial environment. His foundational experiences include roles as Divisional Vice President at PaineWebber, Associate at Booz Allen Hamilton, and Analyst at JP Morgan.
Among his peers, Frank Cirillo is respected for his strategic vision, operational expertise, and deep financial acumen. He understands the delicate balance between risk and reward, as well as how to drive organizational performance in a complex, regulated landscape. His extensive experience managing compliance with major regulatory frameworks underscores his commitment to sound financial practices and excellence in management.
Achievements
- Regulatory Initiative Leadership: Led several key regulatory initiatives including Basel III, EMIR, IOSCO, and Dodd-Frank.
- Financial Capital Planning: Developed comprehensive financial strategies that supported the growth and profitability of Prime Services and Equities.
- Risk Management Expert: Successfully navigated risk management technology evaluations and control assessments, significantly improving operational stability in the Prime Derivatives sector.
- Technology Strategy Development: Created and implemented technology strategies that aligned with business objectives, enhancing efficiency and competitiveness.
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