NEW
YORK, Nov. 21, 2024 /PRNewswire/ -- BGC Group,
Inc. (Nasdaq: BGC) ("BGC") Chairman and Chief Executive Officer
Howard W. Lutnick provided the
following statement:
"I am deeply honored to have been nominated by President
Donald J. Trump to serve as the 41st
U.S. Secretary of Commerce. I look forward to this new chapter in
my life, working for President Trump to promote economic growth,
drive innovation, and strengthen our nation's financial
security.
Upon U.S. Senate confirmation, I will step down from my
positions at Cantor, BGC, and Newmark. I intend to divest my
interests in these companies to comply with U.S. government ethics
rules and do not expect any arrangement which involves selling
shares on the open market.
I have full confidence in my exceptional management team at
BGC. I have met with the Board of Directors and informed them that
I expect to recommend that John
Abularrage, Jean-Pierre
Aubin, and Sean Windeatt be
named Co-CEOs of BGC effective upon my confirmation. I am certain
they will continue to drive our success, upholding the best
interests of our clients, investors, and employees."
BGC expects no changes to its existing corporate structure and
expects to disclose further details at a later date.
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 U.S. interest rate futures exchange, spot foreign
exchange platform and the world's fastest growing U.S. cash
treasuries platform.
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.