BGC Partners appoints Steven Bisgay as CFO

Maria Nikolova

Mr Bisgay will replace Sean A. Windeatt, who was Interim CFO.

International brokerage and fintech company BGC Partners (NASDAQ:BGCP) today announced changes within its top ranks.

BGC has appointed Steven Bisgay as Chief Financial Officer, effective January 1, 2020. He will replace Sean A. Windeatt, who was Interim CFO. As CFO of BGC, Mr Bisgay will report to Howard W. Lutnick, Chairman of the Board and Chief Executive Officer of BGC.

Mr Bisgay has 30 years of experience in the securities and financial services industry. Since 2015, he has served as CFO of Cantor Fitzgerald, L.P. 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 joining 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. He will continue to oversee overlapping functions such as bondholder, lender, and rating agency relations.

Also today, announced 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 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. Prior to 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 a number of 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., 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.

Jean-Pierre 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. He 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.

Read this next

Digital Assets

Ankr successfully patches hack, will reimburse victims and take actions to prevent further attacks

DeFi protocol Ankr plans to reimburse its affected users after a hacker managed to exploit a bug in its code that allowed for unlimited minting of its liquid staking token.

Industry News

ASIC cancels/suspends AFS license of AFSL Group and Quantum Funds Management

ASIC canceled the AFS license of AFSL Group because it failed to lodge statements and audit reports and it did not maintain AFCA membership. The Australian regulator suspended Quantum because it does not have the required professional indemnity insurance coverage.

Executive Moves

BidX Markets hires Shaun French as Research Analyst – Multi Asset

“We believe with his background in the Financial Markets and being based in Dubai, he will be able to provide our clients with access to outstanding research, while also being in a great location to help support our international clients base which is growing at a rapid pace’’.

Institutional FX

Nasdaq migrates US options exchange to AWS with +10% performance in round-trip latency

Nasdaq has announced the successful migration of the core trading system of Nasdaq MRX – one of its six U.S. options exchanges – to Amazon Web Services (AWS).

Institutional FX

TraditionData launches oil swaps pricing data at a critical time in OTC oil traded markets

TraditionDATA has announced the release of a new proprietary Oil Swap Model (OSM) which brings further visibility into illiquid and opaque oil markets.

Technology

TNS connects to Tel Aviv Stock Exchange (TASE) as market data vendor

“This latest exchange connection allows TNS to provide access to approved recipients, including exchange members and market data vendors. This project includes market data for TASE’s equities and increases the number of market data feeds we now offer globally.”

Executive Moves

Cowen Digital taps ex-Blockchain.com Taylor S. Cable to lead Europe and Asia operation

“Cowen Digital is a pioneer in delivering institutional grade access to the digital asset ecosystem and I am very excited to join the team at this pivotal time to grow our presence in Europe and Asia.”

Industry News

ASIC sues American Express Australia for lack of TMD on credit cards

“ASIC has now taken multiple actions under the design and distribution regime, including issuing over 20 interim stop orders. This regime turned a new page in the regulation of financial products in Australia and is intended to deliver better outcomes for consumers. It is a priority for ASIC to maximize these increased protections and see the long-term benefits of the DDO regime realized.”

Institutional FX

Eurex reports mixed volumes for November 2022

Deutsche Börse’s derivatives-focused exchange, Eurex today said its total traded derivatives contracts grew by 10 percent in November, from 68.6 million to 75.3 million compared to the same month last year.

<