Executive and Board
Howard W. Lutnick
Chairman of the Board
Mr. Lutnick, Chairman of the Board, joined our on February 27, 2015. Mr. Lutnick is the Chairman and CEO of BGC Partners, a position in which he has served from June 1999 to the present. Mr. Lutnick joined Cantor Fitzgerald, L.P. (“Cantor”) in 1983 and has served as President and Chief Executive Officer of Cantor since 1992 and as Chairman since 1996. Mr. Lutnick’s company, CF Group Management, Inc., is the managing general partner of Cantor. Mr. Lutnick is Chairman of the Board of Managers of Haverford College, a member of the Board of Directors of the Fisher Center for Alzheimer’s Research Foundation at Rockefeller University, the Executive Committee of the USS Intrepid Museum Foundation’s Board of Trustees, the Board of Directors of the Solomon Guggenheim Museum Foundation, the Board of Directors of the Horace Mann School, the Board of Directors of the National September 11 Memorial & Museum, and the Board of Directors of the Partnership for New York City. In addition, Mr. Lutnick is Chairman of the supervisory board of the Electronic Liquidity Exchange, a fully electronic futures exchange.
Chief Executive Officer, GFI Group
Mr. Heffron, Director, joined our Board in November 2001 and has been our Chief Executive Officer since February 2013. Mr. Heffron is responsible for the general management of the Company and its business. In addition to the role of Chief Executive Officer, Mr. Heffron remains the Company’s President, a position he has held since February 2004. Mr. Heffron joined our Company in our New York office in 1988 as a broker of foreign currency options before moving to London to assist in the establishment of our London office. From 1991 until 1994, Mr. Heffron headed our global currency options business. From 1994 until 1997, Mr. Heffron ran the day-to-day operations of all of our U.K. businesses. From 1998 until February 2004, Mr. Heffron was head of all of our operations in EMEA and joint-head of our Asian operations. Mr. Heffron has extensive experience in the wholesale brokerage industry, with 26 years of experience at the Company. Having worked in both our U.S. and overseas offices in various capacities, Mr. Heffron has an intimate knowledge of the Company’s business. Mr. Heffron’s experience provides unique insight into the Company’s business and operations and aids in the Company’s strategic planning.
Shaun D. Lynn
Mr. Lynn, Director, joined our Board on February 27, 2015. Mr. Lynn has been BGC’s President since April 2008. Previously, Mr. Lynn had been President of the Purchaser since 2004 and served as Executive Managing Director of Cantor from 2002 to 2004. Mr. Lynn also served as Senior Managing Director of European Government Bonds and Managing Director of Fixed Income from 1999 to 2002. From 1989 to 1999, Mr. Lynn held various business management positions at Cantor and its affiliates. Prior to joining Cantor in 1989, Mr. Lynn served as a Desk Head for Fundamental Brokers International in 1989 and was Associate Director for Purcell Graham from 1983 to 1989. Mr. Lynn is on the supervisory board of the Electronic Liquidity Exchange.
Stephen M. Merkel
Mr. Merkel, Director, joined our Board on February 27, 2015. Mr. Merkel has been BGC’s Executive Vice President, General Counsel and Secretary since September 2001 and was BGC’s Senior Vice President, General Counsel and Secretary from June 1999 to September 2001. Mr. Merkel served as a director of BGC from September 2001 until October 2004. Mr. Merkel has been Executive Managing Director, General Counsel and Secretary of Cantor since December 2000 and was Senior Vice President, General Counsel and Secretary of Cantor from May 1993 to December 2000. Prior to joining Cantor, Mr. Merkel was Vice President and Assistant General Counsel of Goldman Sachs & Co. from February 1990 to May 1993. From September 1985 to January 1990, Mr. Merkel was an associate with the law firm of Paul, Weiss, Rifkind, Wharton & Garrison. Mr. Merkel is on the supervisory board of the Electronic Liquidity Exchange, and is a founding board member of the Wholesale Markets Brokers’ Association, Americas.
Wiliam J. Moran
Mr. Moran, Director, joined our Board on February 27, 2015. Mr. Moran has been a director of BGC since June 2013. Mr. Moran retired from JPMorgan Chase & Co. in June 2005, after serving as its Executive Vice President since 1997 and General Auditor since 1992. He served as a director of eSpeed, Inc., the Company’s predecessor, from December 1999 to November 2005. Mr. Moran also served as a director of Sovereign Bancorp, Inc. from 2006 until it was acquired by Banco Santander, S.A. in 2009. He served on the Board of Directors of ELX Futures, L.P. from 2009 until June 2013. He also serves on the Advisory Board of the School of Management of Marist College and on the Board of Directors of The College of Technology. He also previously served as a director of Lighthouse International. He is a member of the American Institute of Certified Public Accountants and the New York Society of Certified Public Accountants, and was a member of the Bank Administration Institute and the Institute of Internal Auditors.
Mr. Snow, Director, joined our Board on February 27, 2015. Mr. Snow is the Managing Member and Chief Investment Officer of Snow Fund One, LLC founded in October 2005. Snow is a Registered Investment Advisor and founded Snow Financial Management, LLC in 1997. Prior to establishing this company, he was employed in the Banking Industry for over 25 Years. At the Union Bank of Switzerland (“UBS”), Mr. Snow was Second In Charge of the North American Region. He achieved the rank of Senior Managing Director and was Head of Fixed Income where he was responsible for: Treasury, Money Markets, Precious Metals, Foreign Exchange, Mortgage Backed Securities, Government Securities, Derivatives, Corporate bonds, Emerging Markets, High Yield Securities, and Capital Markets. Mr. Snow is presently an independent public director of ELX Futures, L.P. a fully regulated electronic futures exchange formed in December 2007, to establish a faster, more efficient competitive alternative for global market participants trading futures contracts. In addition, he is also an independent Member of the Board of Directors of BGC Derivative Markets, L.P., a subsidiary of BGC Partners, a leading global brokerage company servicing the financial and real estate markets and an independent director of Remate Lince, S.A.P.I. de C.V., a BGC affiliate in Mexico. BGC Derivative Markets, L.P. launched operations as a Swap Execution Facility, which offers trading in swaps products subject to mandatory clearing, as well as swaps classified as permitted transactions.
Peter J. Powers
Mr. Powers, Director, joined our Board on February 27, 2015. Mr. Powers is the founder of Powers Global Strategies LLC, and has been the President and Chief Executive Officer since 1998. Mr. Powers served as Campaign Manager and Transition Chair of Mayor Rudolph Giuliani. He served as the Chairman and Director of Giuliani Partners LLC. He served as the Chairman of the New York City Public Initiatives Corporation. Mr. Powers has been a Director of ArcelorMittal USA Inc. since March 11, 2004. Mr. Powers serves as a Director of The Partnership for New York City Inc. He serves as a Member of Advisory Board of School of Public Affairs, Baruch College. He serves as a Member of the Board of Advisors of Global Bay Mobile Technologies Inc. He serves as a Director of Mutual of America Life Insurance Company. He serves as a Member of the Board of Trustees of Manhattan College and Director of Chamber of Commerce, as well as the Central Park Conservancy and Victim Services Agency. He serves as an outside Member of the Board of Directors of various publicly and privately held companies. He served as an Independent Director of Collegiate Funding Services Inc. since July 15, 2005. He served as First Deputy Mayor of the City of New York from 1994 to 1996, under Mayor Giuliani. He served as an Independent Non-Executive Director of NDS Group Plc from January 2000 to August 2008. He also served as Director at International Steel Group Inc. Mr. Powers served as a Director of Fox Entertainment Group Inc., since February 2003. Mr. Powers is presently an independent public director of ELX Futures, L.P. a fully regulated electronic futures exchange formed in December 2007, to establish a faster, more efficient competitive alternative for global market participants trading futures contracts and an independent director of Remate Lince, S.A.P.I. de C.V., a BGC affiliate in Mexico. Prior to Giuliani administration, he had a 25-year career as an attorney. He is a Certified Public Accountant and Consultant.