Steven Bisgay Appointed Chief Financial Officer
Anthony Warner and Julian
Swain Named Co-Heads of BGC Global Brokerage
Jean-Pierre Aubin Named Global Head of Listed Products and
Paris
NEW YORK, Dec. 20, 2019
/PRNewswire/ -- BGC Partners, Inc. (NASDAQ: BGCP) ("BGC
Partners", "BGC", or the "Company"), a leading global brokerage and
financial technology company, today announced changes to its
leadership team.
Appointment of Chief Financial Officer
BGC has named Steven Bisgay as
Chief Financial Officer ("CFO"), effective January 1, 2020. He will replace Sean A. Windeatt, who was Interim CFO. Mr.
Windeatt will remain in his role as Chief Operating Officer ("COO")
of BGC. As CFO of BGC, Mr. Bisgay will to report to Howard W. Lutnick, Chairman of the Board and
Chief Executive Officer ("CEO") of BGC.
Mr. Bisgay is a seasoned industry veteran with 30 years of
experience in the securities and financial services industry who
has significant experience with financial technology companies.
Since 2015, he has served as CFO of Cantor Fitzgerald, L.P.
("Cantor") overseeing financial operations including accounting,
finance, regulatory reporting, treasury, financial planning and
analysis, tax, and risk management, as well as lender and rating
agency relations. Prior to his time at Cantor, Mr. Bisgay was CFO
at KCG Holdings, Inc. and prior to that, he served as CFO and COO,
Head of Business Development, Group Controller, and Director of
Internal Audit at Knight Capital Group, Inc. Mr. Bisgay was
previously a Senior Manager at PricewaterhouseCoopers, LLP. He
holds a B.S. in Accounting from Binghamton University, an MBA from
Columbia University, and is a Certified
Public Accountant.
Mr. Bisgay will no longer be involved in Cantor's operating
businesses, including its investment bank and broker-dealer. Cantor
has appointed other executives to take responsibility for
these businesses. Mr. Bisgay will continue to oversee overlapping
functions such as bondholder, lender, and rating agency
relations.
Mr. Lutnick said: "Steve is a tremendous asset for BGC, and we
strongly value his industry experience. It was clear to us that
Steve was the strongest candidate for this role. His in-depth
knowledge of our business, experience with electronic trading
companies, strong relationship with our lenders, bankers, and the
marketplace, will be invaluable as we continue to accelerate our
strategy to further spread automation and technology across the
financial markets. The BGC leadership team and I look forward to
working closely with Steve in the coming years."
Additional Leadership Changes
Effective January 1, 2020,
Anthony Warner and Julian Swain will assume the newly created
positions of Co-Heads of Global Brokerage alongside Jean-Pierre Aubin, Global Head of Listed
Products and Paris. All three will
report to Shaun D. Lynn, President
of BGC.
Mr. Lynn commented on today's announcement: "I am truly excited
by these changes to our management structure. We are driving our
business forward with technology across electronic trading, data,
software, and post-trade, and it is important for BGC to be at the
forefront of this evolution. We expect the combination of our
world-class technology and broad-based access to liquidity across
hundreds of product categories will drive BGC to be the partner of
choice for our clients. Anthony, Julian, and JP will together
ensure that we are well-positioned for the future and will be
focused on delivering on the changing needs of our clients across
voice and electronic trading."
Mr. Warner is currently responsible for BGC's brokerage business
in London, as well as key
Middle East locations for the
Company. He joined BGC in June 2015,
spending his first year as Senior Managing Director, Asia Pacific, before relocating to
London. Before joining BGC, Mr.
Warner spent nearly 25 years of his career at ICAP plc, most
recently as CEO of ICAP Singapore. During his tenure, he held
various roles with the firm in its London office, including Director of Euro
Swaps. He started his career in the FX markets at Standard
Chartered in 1987.
Mr. Swain is currently a Senior Managing Director and leads the
EMEA business for GFI Group, Inc. ("GFI"), which operates as a
division of BGC. Swain joined GFI in 2001 as head of its European
credit business. He then became a Senior Managing Director and Head
of GFI London in March 2007. Mr.
Swain also currently has overall responsibility for GFI's
Dublin, Dubai, Cape
Town, and Nyon offices. Prior to joining GFI, Mr. Swain was
at ICAP for 8 years, where he managed various credit desks. Mr.
Swain graduated from Loughborough
University in 1988 with an MSc in Economics and Management
Science.
JP Aubin currently oversees Listed Products and Primary
Structured products globally. In 2012, Mr. Aubin was appointed
President of Aurel BGC, a role in which he also oversees Sunrise.
Mr. Aubin began his broking career with Viel-Tradition Group in
1990. After trading futures and options for ten years between
London and Paris, he was promoted to run the company's
continental European operations, which included being CEO of
Finacor Group and Global Head of listed products worldwide, before
he joined BGC in 2005. Mr. Aubin was instrumental in BGC's rapid
expansion in Continental Europe, including the acquisitions of ETC
Pollak in 2005 and Aurel in 2006. He holds a Masters in Economics
from the French business school, EAD.
About BGC Partners, Inc.
BGC Partners is a leading
global brokerage and financial technology company. BGC's offerings
include fixed income securities, interest rate swaps, foreign
exchange, equities, equity derivatives, credit derivatives,
commodities, futures, and structured products. BGC provides a wide
range of services, including trade execution, broker-dealer
services, clearing, trade compression, post trade, information, and
other services to a broad range of financial and non-financial
institutions. Through brands including Fenics, BGC Trader,
Capitalab, Lucera, and Fenics Market Data, BGC offers financial
technology solutions, market data, and analytics related to
numerous financial instruments and markets. BGC, BGC Trader, GFI,
Fenics, Fenics Market Data, Capitalab, and Lucera are
trademarks/service marks and/or registered trademarks/service marks
of BGC Partners, Inc. 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 "BGCP". BGC Partners is led by Chairman of the Board
and Chief Executive Officer Howard W.
Lutnick. For more information, please visit
http://www.bgcpartners.com. You can also follow BGC at
https://twitter.com/bgcpartners,
https://www.linkedin.com/company/bgc-partners and/or
http://ir.bgcpartners.com/Investors/default.aspx.
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. 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 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:
Karen
Laureano-Rikardsen
+1 212-829-4975
Investor Contact:
Ujjal Basu
Roy or Jason McGruder
+1 212-610-2426
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