Mr. Windeatt will retain his role as Chief Operating
Officer
Appointments position BGC to build upon its extraordinary
performance
NEW
YORK, Feb. 18, 2025 /PRNewswire/ -- BGC
Group, Inc. (Nasdaq: BGC) ("BGC" or "the Company"), a leading
global brokerage and financial technology company, today announced
the Board of Directors appointed John
Abularrage, JP Aubin, and Sean
Windeatt as Co-Chief Executive Officers. Mr. Windeatt will
retain his position as Chief Operating Officer, a role he has held
since 2009.
Howard W. Lutnick, who was
confirmed today by the United
States Senate as the 41st Secretary of Commerce, has stepped
down as Chief Executive Officer and Chairman of BGC.
"John, JP, and Sean are world-class executives that have
demonstrated their ability to lead, executed on strategic
initiatives, and delivered enormous growth for BGC," said Mr.
Lutnick. "The Board and I have complete confidence in their
ability to manage and operate the Company, as I step into my new
role in public service."
Together, as Co-Global Heads of Brokerage, Messrs. Abularrage,
Aubin, and Windeatt have overseen the Company's day-to-day
operations and helped define and execute its corporate strategy.
This includes BGC's organic growth initiatives and strategic
acquisitions, which accelerated the Company's expansion and
strengthened its market position. Under their joint leadership, BGC
has consistently produced double-digit revenue growth and generated
record revenues of more than $2.25
billion in 2024.
"I am grateful for the Board's trust in me and our collective
leadership, and I look forward to continuing to work alongside JP
and Sean as Co-CEOs," said Mr. Abularrage. "Together,
we are committed to executing our proven strategy and delivering
value for our clients and shareholders."
"I am honored to have the opportunity to co-lead this incredible
organization, delivering world-class brokerage services and
solutions to our clients," said Mr. Aubin. "Having
joined the Company 20 years ago, I look forward to continuing to
work alongside John and Sean to drive BGC's growth and support our
clients through innovation and excellence."
"It is an immense privilege to co-lead BGC at this pivotal
moment, as we focus on executing transformative strategies that
expand our global offering and client base that will generate
long-term value for our shareholders," said Mr.
Windeatt. "Having served as an Executive Officer of BGC
since 2009, I am extremely proud of what we have built and I look
forward to partnering with John and JP to continue driving the
Company's future success."
In separate releases, BGC today announced additional Executive
and Board changes. Please visit ir.bgcg.com.
BIOGRAPHIES
John Abularrage has served
as Co-Global Head of Brokerage and Chief Executive Officer of the
Americas for BGC Group, where he was responsible for leading,
developing, and growing BGC's brokerage business in the region.
Mr. Abularrage joined BGC Group in 2021, bringing more than 20
years of financial services experience to the business. Prior to
joining the Company, he held various senior positions at TP ICAP,
including Head of Global Broking and Chief Executive Officer of the
Americas. Prior to that, Mr. Abularrage served as the Chief
Executive Officer of North America
at Collins Stewart, where he was previously the Head of
Equities.
JP Aubin has served as Co-Global Head of Brokerage
and Chief Executive Officer of EMEA for BGC Group. He was also
Global Head for Listed Products, as well as all digital group
platforms, and was President of Aurel BGC, the Company's EU
subsidiary.
Mr. Aubin joined BGC in 2005 and helped drive the company's
rapid expansion in Europe, which
included the acquisitions of ETC Pollak in 2005 and Aurel in 2006.
In 2008, he moved to BGC's New
York office, where he became Global Head for Listed
Products. Since then, he has been instrumental in developing BGC's
voice and electronic broking services in listed products, including
equity derivatives, commodities, cash equity, futures and options
on futures, and structured products.
Mr. Aubin began his broking career with Viel-Tradition Group in
1990, after being part of the Barclays Bank student training
program. After trading futures and options for 10 years in both
London and Paris, he was promoted to run the company's
continental European operations.
Mr. Aubin is a board member of the French cultural organization
the Réunion des Musées Nationaux, and in 2023 was awarded
Commandeur des Arts et des Lettres. Mr. Aubin is also deeply
involved in his foundation, the JP Aubin Family Foundation, which
focuses on providing children with access to museums and other
cultural opportunities.
Sean Windeatt has served
as BGC's Chief Operating Officer for the past 14 years and was
appointed Co-Global Head of Brokerage in 2023. Since 2012, he has
also held the role of Chief Executive Officer of BGC's UK
business.
Based in London, Mr. Windeatt
has been with the Company for more than 27 years. He joined Cantor
Fitzgerald in 1997 in the Finance Department and, following the
tragic events of September 11, 2001,
he was instrumental in stabilizing and rebuilding the firm's
brokerage operations.
With BGC's establishment as an independent company in 2004, he
became an integral part of its growth and development. In 2009, he
was appointed Chief Operating Officer, overseeing key strategic
initiatives, operational efficiencies, and the Company's expansion.
His leadership extended further in 2012 when he became CEO of BGC
Brokers, L.P., guiding the UK business through a period of growth
and transformation. In 2023, he assumed the role of Co-Global Head
of Brokerage, further strengthening BGC's position in the
industry.
About BGC Group, Inc.
BGC Group, Inc. (Nasdaq: BGC) is
a leading global marketplace, data, and financial technology
services company for a broad range of products, including fixed
income, foreign exchange, energy, commodities, shipping, equities,
and now includes the FMX Futures Exchange. BGC's clients are many
of the world's largest banks, broker-dealers, investment banks,
trading firms, hedge funds, governments, corporations, and
investment firms.
BGC and leading global investment banks and market making firms
have partnered to create FMX, part of the BGC Group of companies,
which includes a U.S. interest rate futures exchange, spot foreign
exchange platform and the world's fastest growing U.S. cash
treasuries platform.
For more information about BGC, please visit www.bgcg.com.
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 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 ("SEC") 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.
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SOURCE BGC Group, Inc.
