BGC Partners, Inc. recently announced that its current President, Shaun Lynn, has been appointed as Vice Chairman of the global brokerage and technology company. This change will come into effect on 1st October 2020.
Despite changing his position next month, Lynn will continue to work for BGC Partners on matters including strategy and corporate development, the company announced in a statement on Friday.
Shaun Lynn Is a Founder of BGC Partners
Commenting on the change, Howard Lutnick, Chairman of the Board and Chief Executive Officer of BGC said in the statement: “I want to thank Shaun for his incredible contributions as a founder and leader of BGC Partners. During his tenure, Shaun leveraged his expertise to help BGC grow dramatically and drive forward our many strategic initiatives.
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“Shaun has been a vital partner and builder of our management team. We are grateful for his contributions and leadership throughout his tenure including his stewardship throughout the COVID-19 pandemic and the invaluable role he played in Cantor Fitzgerald’s recovery after the events of September 11, 2001. I look forward to continuing to work with him on the strategic vision of the firm and to advance our business objectives in his new capacity as Vice Chairman.”
With Lynn becoming the Vice Chairman, the team he appointed and developed, Sean Windeatt, Chief Operating Officer; Steve Bisgay, Chief Financial Officer; Jean-Pierre Aubin, Anthony Warner and Julian Swain, Co-Heads of Global Brokerage, will manage the day-to-day operations of the global brokerage under CEO Lutnick.
“I have been fortunate to be a part of BGC’s tremendous global growth since its inception, and I am proud to see how far the Company has come. It has been an honor working with such a talented management team for more than three decades,” Lynn said, commenting on his time as President of BGC, in the statement.