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BGC Group Faces Leadership Transition Amid Lutnick's Departure
Nominated by usa Commerce Secretary Trump, Wall Street tycoon Lutnick is preparing to resign from private enterprises and transfer ownership.
Wall Street billionaire Howard Lutnick plans to step down from his three companies and divest his interests in two publicly traded companies if Donald Trump is confirmed for his nomination as Secretary of Commerce. Brokerage firm BGC Group Inc. and real estate company newmark group Inc. both stated that Lutnick, as the CEO of Cantor Fitzgerald LP, will transfer his interests, but he does not intend to sell his shares in the public market.
Express News | Bgc Group Inc - Howard Lutnick Expect to Recommend John Abularrage, Jean-Pierre Aubin, Sean Windeatt Be Named Co-Ceos of Bgc
