NEW
YORK, July 31, 2023 /PRNewswire/ -- BGC Group,
Inc. (Nasdaq: BGC) ("BGC"), a leading global brokerage and
financial technology company, today announced the addition of a
Weather Derivatives Team with the hire of Nicholas and Eric Ernst. Nicholas joins the firm
as Managing Director, BGC Weather Derivatives while Eric joins as
Weather Broker.
John Abularrage, Co-Global Head
of Financial Services Brokerage, commented on today's announcement,
"We are excited to welcome Nicholas and Eric to BGC. They bring
with them almost three decades of invaluable experience in the
weather derivatives and climate risk transfer space. With these new
hires, BGC now operates the premier weather and climate derivatives
desk in the industry."
Nicholas Ernst brings with him
over 20 years of experience in the weather derivatives and risk
transfer space. Prior to joining BGC, he served as Managing
Director, Weather Markets at ICAP. Additionally, Nicholas spent
time in similar roles at OTC Global and Evolutions Markets.
Before joining BGC, Eric Ernst
served as a Weather Broker at ICAP. Prior to that, Eric held
various roles at Choice Energy and spent three years in the
renewable energy sector.
About BGC Group, Inc.
BGC Group, Inc. ("BGC") began trading on Nasdaq at the market
opening on July 3, 2023, under the
new ticker symbol "BGC", following the corporate conversion of its
predecessor BGC Partners, Inc. (formerly Nasdaq: BGCP). BGC is a
leading global brokerage and financial technology company. BGC,
through its various affiliates, specializes in the brokerage of a
broad range of products, including Fixed Income (Rates and Credit),
Foreign Exchange, Equities, Energy and Commodities, Shipping, and
Futures. BGC, through its various affiliates, 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 its brands, including Fenics®,
FMX™, FMX Futures Exchange™, Fenics Markets Xchange™, Fenics
Digital™, Fenics UST™, Fenics FX™, Fenics Repo™, Fenics Direct™,
Fenics MID™, Fenics Market Data™, Fenics GO™, Fenics
PortfolioMatch™, BGC®, BGC Trader™, kACE2™, and Lucera®, BGC offers
financial technology solutions, market data, and analytics related
to numerous financial instruments and markets. BGC, BGC Group, BGC
Partners, BGC Trader, GFI, GFI Ginga, CreditMatch, Fenics,
Fenics.com, FMX, Sunrise Brokers, Poten & Partners, RP Martin,
kACE2, Capitalab, Swaptioniser, CBID, Caventor, LumeMarkets and
Lucera are trademarks/service marks and/or registered
trademarks/service marks of BGC 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 "BGC". BGC is led by Chairman of the Board and Chief
Executive Officer Howard W. Lutnick.
For more information, please visit http://www.bgcg.com. You can
also follow BGC at https://twitter.com/bgcgroupinc,
https://www.linkedin.com/company/bgc_group and/or
http://ir.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 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
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SOURCE BGC Group, Inc.