Stephen Merkel named Chairman of BGC Group's Board of Directors
BGC Group announced significant leadership changes as Stephen Merkel has been named Chairman of the Board of Directors, following Howard W. Lutnick's confirmation as the 41st Secretary of Commerce. Merkel, who has been with BGC since its founding, will retain his roles as Executive Vice President and General Counsel. Brandon Lutnick will also join the Board.
Stephen Merkel brings extensive experience, having served as Executive Vice Chairman, Executive Managing Director, and General Counsel for the Cantor Fitzgerald group of companies. Prior to joining Cantor Fitzgerald in 1993, he held positions at Goldman Sachs & Co. and Paul, Weiss, Rifkind, Wharton & Garrison.
Brandon Lutnick, currently Chairman of Cantor Fitzgerald, joined the firm in 2022 in equity sales and trading after starting his career at Oak Hill Advisors.
BGC Group ha annunciato significativi cambiamenti nella leadership, con Stephen Merkel nominato Presidente del Consiglio di Amministrazione, a seguito della conferma di Howard W. Lutnick come 41° Segretario al Commercio. Merkel, che è con BGC sin dalla sua fondazione, manterrà i suoi ruoli di Vice Presidente Esecutivo e Consigliere Generale. Brandon Lutnick si unirà anche al Consiglio.
Stephen Merkel porta con sé un'ampia esperienza, avendo ricoperto ruoli di Vice Presidente Esecutivo, Direttore Esecutivo e Consigliere Generale per il gruppo Cantor Fitzgerald. Prima di unirsi a Cantor Fitzgerald nel 1993, ha ricoperto posizioni presso Goldman Sachs & Co. e Paul, Weiss, Rifkind, Wharton & Garrison.
Brandon Lutnick, attualmente Presidente di Cantor Fitzgerald, è entrato nell'azienda nel 2022 nel settore delle vendite e del trading azionario dopo aver avviato la sua carriera presso Oak Hill Advisors.
BGC Group anunció importantes cambios en el liderazgo, ya que Stephen Merkel ha sido nombrado Presidente de la Junta Directiva, tras la confirmación de Howard W. Lutnick como el 41° Secretario de Comercio. Merkel, que ha estado en BGC desde su fundación, conservará sus roles como Vicepresidente Ejecutivo y Asesor General. Brandon Lutnick también se unirá a la Junta.
Stephen Merkel aporta una amplia experiencia, habiendo servido como Vicepresidente Ejecutivo, Director Ejecutivo y Asesor General para el grupo Cantor Fitzgerald. Antes de unirse a Cantor Fitzgerald en 1993, ocupó cargos en Goldman Sachs & Co. y Paul, Weiss, Rifkind, Wharton & Garrison.
Brandon Lutnick, actualmente Presidente de Cantor Fitzgerald, se unió a la firma en 2022 en ventas y trading de acciones después de comenzar su carrera en Oak Hill Advisors.
BGC 그룹은 스티븐 머켈을 이사회 의장으로 임명하며 중요한 인사 변동을 발표했습니다. 이는 하워드 W. 루트닉이 제41대 상무부 장관으로 확인된 데 따른 것입니다. 머켈은 BGC 창립 이래로 함께해 왔으며, 이사 및 총괄 법무의 역할을 계속 유지합니다. 브랜든 루트닉도 이사회에 합류할 예정입니다.
스티븐 머켈은 캔토르 피츠제럴드 그룹에서 부회장, 전무 이사 및 총괄 법무를 역임하는 등 풍부한 경험을 가지고 있습니다. 1993년 캔토르 피츠제럴드에 합류하기 전에는 골드만 삭스 & 코와 폴, 와이스, 리프킨드, 와튼 & 개리슨에서 근무했습니다.
브랜든 루트닉은 현재 캔토르 피츠제럴드의 의장으로, 2022년에 주식 판매 및 거래 부서에 합류했으며, 경력을 오크 힐 어드바이저스에서 시작했습니다.
BGC Group a annoncé d'importants changements de direction, Stephen Merkel ayant été nommé Président du Conseil d'Administration, suite à la confirmation de Howard W. Lutnick en tant que 41e Secrétaire au Commerce. Merkel, qui est avec BGC depuis sa création, conservera ses fonctions de Vice-Président Exécutif et de Conseiller Général. Brandon Lutnick rejoindra également le Conseil.
Stephen Merkel apporte une vaste expérience, ayant été Vice-Président Exécutif, Directeur Général Exécutif et Conseiller Général pour le groupe Cantor Fitzgerald. Avant de rejoindre Cantor Fitzgerald en 1993, il a occupé des postes chez Goldman Sachs & Co. et Paul, Weiss, Rifkind, Wharton & Garrison.
Brandon Lutnick, actuellement Président de Cantor Fitzgerald, a rejoint la société en 2022 dans le secteur des ventes et du trading d'actions après avoir commencé sa carrière chez Oak Hill Advisors.
BGC Group gab bedeutende Führungswechsel bekannt, da Stephen Merkel zum Vorsitzenden des Aufsichtsrats ernannt wurde, nachdem Howard W. Lutnick als 41. Handelsminister bestätigt wurde. Merkel, der seit der Gründung von BGC dabei ist, wird seine Funktionen als Exekutiv-Vizepräsident und General Counsel beibehalten. Brandon Lutnick wird ebenfalls dem Vorstand beitreten.
Stephen Merkel bringt umfassende Erfahrung mit, da er als Exekutiv-Vizevorsitzender, Exekutiv-Geschäftsführer und General Counsel für die Cantor Fitzgerald Gruppe tätig war. Vor seinem Eintritt bei Cantor Fitzgerald im Jahr 1993 hatte er Positionen bei Goldman Sachs & Co. und Paul, Weiss, Rifkind, Wharton & Garrison inne.
Brandon Lutnick, der derzeit Vorsitzender von Cantor Fitzgerald ist, trat 2022 in das Unternehmen ein und arbeitete im Bereich Aktienvertrieb und -handel, nachdem er seine Karriere bei Oak Hill Advisors begonnen hatte.
- Appointment of experienced insider Stephen Merkel as Chairman, ensuring leadership continuity
- Merkel's extensive 30+ year industry experience and deep understanding of the company
- Maintenance of key executive roles alongside chairmanship position
- Departure of Howard Lutnick as CEO and Chairman, potentially impacting strategic direction
- Significant leadership transition period ahead
Brandon Lutnick will also join the Board
Mr. Merkel, who has been with BGC since its founding, will also retain his current roles as Executive Vice President and General Counsel. Brandon Lutnick will also join as a member of the Board.
"Stephen has been one of my closest advisors for more than 30 years," said Howard Lutnick. "He is an outstanding leader who understands the core of our firm. With his experience and dedication to the Company, I am confident he will successfully help lead BGC's continued growth and excellence, as I take on a new role serving the American people."
"I am honored and humbled by both Howard's recommendation and the Board's appointment," said Mr. Merkel. "I am excited to continue working alongside the Board and John, JP, and Sean to drive the Company's strategic vision forward. We are immensely grateful for Howard's unwavering support for our employees, clients, and community over the past four decades and have no doubt the American people will benefit from his invaluable expertise."
In separate releases, BGC today announced additional Executive and Board changes. Please visit ir.bgcg.com.
BIOGRAPHIES
Stephen Merkel is Chairman of the Board of Directors of BGC Group, Inc. and is Executive Vice President and General Counsel. He is also on the Board of Directors of BGC Group's FMX business. Additionally, he is Executive Vice Chairman, Executive Managing Director, and General Counsel for the Cantor Fitzgerald, L.P. group of companies, which includes BGC Group, Inc., Cantor Fitzgerald & Co., and Newmark Group, Inc.
Prior to joining Cantor Fitzgerald in 1993, Mr. Merkel was Vice President and Assistant General Counsel at Goldman Sachs & Co., dedicated to the J. Aron Division. Before that, he was an associate with the law firm of Paul, Weiss, Rifkind, Wharton & Garrison. He also served as a law clerk for the Honorable Irving R. Kaufman of the
Mr. Merkel is currently on the Board of Trustees for the Brooklyn Botanic Garden and on the Board of Directors of the Brooklyn Bridge Park Corporation. He was a founding member of the Wholesale Markets Brokers' Association for the
Brandon Lutnick is the Chairman of Cantor Fitzgerald, L.P. and is a member of the Board of Directors of BGC Group, Inc.
Most recently, Mr. Lutnick worked as an Executive at Cantor Fitzgerald, driving the firm's corporate strategy and overseeing projects related to the company and its affiliates. He also serves as the Chairman and Chief Executive Officer for Cantor Fitzgerald's Special Purpose Acquisition Companies, including Cantor Equity Partners, Inc. and Cantor Equity Partners I, Inc.
Mr. Lutnick joined Cantor in 2022 in equity sales and trading. He began his career as a credit analyst at Oak Hill Advisors.
Mr. Lutnick graduated with a Bachelor of Science in Symbolic Systems from Stanford University.
About BGC Group, Inc.
BGC Group, Inc. (Nasdaq: BGC) is a leading global marketplace, data, and financial technology services company for a broad range of products, including fixed income, foreign exchange, energy, commodities, shipping, equities, and now includes the FMX Futures Exchange. BGC's clients are many of the world's largest banks, broker-dealers, investment banks, trading firms, hedge funds, governments, corporations, and investment firms.
BGC and leading global investment banks and market making firms have partnered to create FMX, part of the BGC Group of companies, which includes a
For more information about BGC, please visit www.bgcg.com.
Discussion of Forward-Looking Statements about BGC
Statements in this document regarding BGC that are not historical facts are "forward-looking statements" that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the Company's business, results, financial position, liquidity and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, BGC undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see BGC's Securities and Exchange Commission ("SEC") filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.
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SOURCE BGC Group, Inc.
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