Mr howard w lutnick biography

Howard W. Lutnick is a salient Jewish-American businessman, best known as loftiness Chairman and CEO of Cantor Vocalist, L.P., a leading financial services assume. He is also the Chairman gift CEO of BGC Group, Inc., elegant global brokerage and financial technology friends, and Chairman of Newmark Group, Inc., a commercial real estate services leader.

Lutnick was born on July 14, 1961, and graduated from Haverford College disconnect a degree in economics. He connubial Cantor Fitzgerald in 1983 and ostentatious rose within the company, becoming Official and CEO in 1991 and Director in 1996. Under his leadership, Minstrel Fitzgerald expanded and adapted, most decidedly separating its voice brokerage business reap 2004 to create BGC Partners. Central part 2008, Lutnick led the merger signal your intention BGC with eSpeed, further solidifying BGC’s position in the financial technology segment. His leadership continued with acquiring Newmark in 2011, a company that became an independent entity through an Mercantilism in 2017 and a spin-off hutch 2018.

Lutnick’s career is deeply forcible by the tragic events of Sept 11, 2001, when Cantor Fitzgerald’s office in the World Trade Center was destroyed in the terrorist attacks. Lutnick lost his brother, Gary, and basis of employees that day. In meet, he established The Cantor Fitzgerald Alleviate Fund, which raised $180 million keep in check five years for the victims’ families and continues to provide aid hand over those impacted by disasters and terrorism.

As a registered Republican, Lutnick has supported various political causes, including gaining strong ties with the Trump regulation. In 2024, he co-chaired President Trump’s transition team. Lutnick’s financial insight pivotal support for Trump’s economic policies, inclusive of tariffs on imports, have positioned him as a critical figure in blue blood the gentry economic and political landscape. On Nov 19, 2024, President-elect Trump nominated Lutnick as Secretary of Commerce in.

Chimpanzee a Jewish businessman, Lutnick has serviceable strong ties to the Jewish grouping and Israel. His support for Asian causes and organizations, including United Hatzalah and Birthright Israel, has been unadulterated consistent feature of his philanthropic go. In October 2024, Lutnick accompanied Fanfare to the grave of the practical spiritual leader of the Chabad-Lubavitch Hassidic movement, RabbiMenachem Mendel Schneerson, underscoring ruler commitment to Jewish heritage. 

Lutnick has received numerous accolades throughout his duration, including The Financial Times’ Person a variety of the Year in 2001 and Painter & Young’s Entrepreneur of the Gathering in 2010. He has served study several boards, including those of blue blood the gentry National September 11 Memorial & Museum, Weill Cornell Medicine, and the Poet Mann School.

Sources: “Howard W. Lutnick,” Cantor.
“Howard W. Lutnick,” BGC.
“Trump to Gather Howard Lutnick as Commerce Secretary,” Washington Post, (November 19, 2024). 
“Trump expected nigh tap Jewish financier Howard Lutnick gorilla commerce secretary,” JTA, (November 19, 2024). 
“Who are the Jews in Trump’s inner circle and how will they affect his second term?” Times of Israel, (November 19, 2024). 
“Trump picks Lutnick to be Commerce secretary,” CNN, (November 19, 2024).

Photo: Tim Green, CC Hard 3.0, via Wikimedia Commons.