NEW
YORK, Nov. 30, 2023 /PRNewswire/ -- Poten &
Partners ("Poten"), a subsidiary of BGC Group, Inc. (Nasdaq: BGC)
("BGC Group" or "BGC" or the "Company"), an integrated energy
advisory, brokerage, and business intelligence company, today
announced the launch of a new advisory group supporting global
Hydrogen, Ammonia and Methanol markets.
Graham Hoar will lead the new
team delivering strategic planning, commercial and technical
analysis, project finance, M&A and dispute resolution support
for these sectors. Prior to joining Poten, Mr. Hoar led the
global Ammonia, Syngas and Fertilizers business as Vice President
at KBR Sustainable Technology Solutions and led Nexant's global C1
Chemicals and Fertilizers activities and its West European and
Middle Eastern regions. He previously worked for ICI, DuPont
and Terra Nitrogen in several positions including technical,
operations and project commissioning management. He is joined
by a global team of advisors including various new hires with
substantial expertise in these sectors.
Steven Garten, Chief Executive
Officer of Poten, commented, "We are excited to welcome Graham and
this team to support the global energy transition and the move
towards net zero. Hydrogen, Ammonia and Methanol will each
have distinct roles in the energy mix along with other fuels
including LNG and LPG. This business expansion will
complement our portfolio of business intelligence, advisory and
brokerage services and our experience in gas monetization and
transportation."
John Abularrage, Co-Global Head
of Brokerage at BGC, commented, "Poten has a unique business which
supports energy project development from concept and strategy
through financing, trading, and transportation. This expansion will
allow its clients to seamlessly integrate with BGC's existing
energy, emissions, and carbon brokerage desks."
Graham Hoar, added, "I am
delighted to have joined the impressive global team at BGC and
Poten and look forward to delivering insightful engagements that
create value for our clients as they transition to no/low carbon
fuels and products."
About Poten & Partners
Poten's integrated business combines physical cargo, ship and
financial instrument brokerage with commercial and technical
advisory services and business intelligence to deliver exceptional
value to clients engaged in producing, procuring, shipping, trading
and financing energy commodities worldwide. This integration
is extended throughout its global offices and includes: crude,
refined products, LNG, LPG and ammonia ship brokerage; physical and
derivative LPG brokerage; technical and commercial advice for
development of LNG, LPG, blue and green ammonia and hydrogen
ventures and projects, including investor and lender due
diligence; alternative marine fuels, emissions analysis,
brokerage and risk mitigation, whether directly through process
design and remediation or indirectly through placement or brokerage
of emissions credits; shipping strategy, design review, procurement
support and construction oversight; and business intelligence
supporting LNG, LPG, crude and refined product decision making.
Over the past decade Poten has completed over 1,000 natural gas
& LNG consulting assignments for clients in 64 countries. Its
flagship business intelligence products are recognized globally as
the principal source of market information, analysis and pricing
for the liquefied natural gas and asphalt industries. Its
clients include many of the largest national and independent oil
companies, traders, banks, private equity firms, asset managers,
governments, and shipowners.
About BGC Group, Inc.
BGC Group, Inc. ("BGC") is a leading global brokerage and
financial technology company. BGC, through its affiliates,
specializes in the brokerage of a broad range of products,
including Fixed Income (Rates and Credit), Foreign Exchange,
Equities, Energy and Commodities, Shipping, and Futures. BGC,
through its affiliates, also provides a broad range of services,
including: trade execution, brokerage, clearing, trade compression,
post-trade, information, and other back-office services to a broad
range of financial and non-financial institutions. Through its
brands, including Fenics®, FMX™, FMX Futures Exchange™, Fenics
Markets Xchange™, Fenics Digital™, Fenics UST™, Fenics FX™, Fenics
Repo™, Fenics Direct™, Fenics MID™, Fenics Market Data™, Fenics
GO™, Fenics PortfolioMatch™, BGC®, BGC Trader™, kACE2™,
and Lucera®, BGC offers financial technology solutions, market
data, and analytics across a broad range of financial instruments
and markets. BGC, BGC Group, BGC Partners, BGC Trader, GFI, GFI
Ginga, CreditMatch, Fenics, Fenics.com, FMX, Sunrise Brokers, Poten
& Partners, RP Martin, kACE2, Capitalab,
Swaptioniser, CBID, Caventor, LumeMarkets and Lucera are
trademarks/service marks and/or registered trademarks/service marks
of BGC and/or its affiliates.
BGC's customers include many of the world's largest banks,
broker-dealers, investment banks, trading firms, hedge funds,
governments, corporations, and investment firms. BGC's Class A
common stock trades on the Nasdaq Global Select Market under the
ticker symbol "BGC". BGC is led by Chairman of the Board and Chief
Executive Officer Howard W. Lutnick.
For more information, please visit http://www.bgcg.com. You can
also follow BGC at https://twitter.com/bgcgroupinc,
https://www.linkedin.com/company/bgc_group and/or
http://ir.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.
Media Contact:
Jason
Angrisani
+1 212-915-1224
Investor Contact:
Jason Chryssicas
+1 212-610-2426
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SOURCE BGC Group, Inc.