NEW YORK, Aug. 14, 2020 /PRNewswire/ -- BGC
Partners, Inc. (NASDAQ: BGCP) ("BGC Partners" or "BGC" or the
"Company"), a leading global brokerage and financial technology
company, today announced that Shaun
Lynn has been appointed Vice Chairman of the Company, and
will transition from his current role of President, effective
October 1, 2020. Mr. Lynn will
continue to work for the Company on matters including strategy and
corporate development.
Howard Lutnick, Chairman of the
Board and Chief Executive Officer of BGC, alongside the team Shaun
appointed and developed, including Sean
Windeatt, Chief Operating Officer; Steve Bisgay, Chief Financial Officer;
Jean-Pierre Aubin, Anthony Warner and Julian Swain, Co-Heads of Global Brokerage, will
continue to manage day-to-day operations of the business.
Mr. Lutnick commented, "I want to thank Shaun for his incredible
contributions as a founder and leader of BGC Partners. During his
tenure, Shaun leveraged his expertise to help BGC grow dramatically
and drive forward our many strategic initiatives."
"Shaun has been a vital partner and builder of our management
team. We are grateful for his contributions and leadership
throughout his tenure including his stewardship throughout the
COVID-19 pandemic and the invaluable role he played in Cantor
Fitzgerald's recovery after the events of September 11, 2001. I look forward to continuing
to work with him on the strategic vision of the firm and to advance
our business objectives in his new capacity as Vice Chairman."
Mr. Lynn stated, "I have been fortunate to be a part of BGC's
tremendous global growth since its inception, and I am proud to see
how far the Company has come. It has been an honor working with
such a talented management team for more than three decades."
About BGC Partners, Inc.
BGC Partners is a leading
global brokerage and financial technology company. BGC specializes
in the brokerage of a broad range of products, including fixed
income (rates and credit), foreign exchange, equities, energy and
commodities, shipping, insurance, and futures. BGC also provides a
wide variety 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 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. These
include statements about the effects of the COVID-19 pandemic on
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 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:
Jason
McGruder
+1 212-610-2426
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