-- Mr. Hirschhorn Brings with him Over 25 years of Experience from Firms Including Bank of America Merrill Lynch, Morgan Stanley, Citigroup, and Chase Manhattan Bank
NEW YORK, Oct. 6, 2014 /PRNewswire/ -- BGC Partners, Inc. (NASDAQ: BGCP) ("BGC Partners," "BGC," or "the Company"), a leading global brokerage company servicing the financial and real estate markets, today announced the appointment of Eric T. Hirschhorn to the role of Chief Information Officer ("CIO"), reporting to Shaun D. Lynn, President of BGC, effective immediately.
Mr. Hirschhorn comes to BGC from Bank of America Merrill Lynch, where he has held various key positions leading global teams across Rates and FICC (Fixed Income, Currency and Commodity) eTrading technology. At BGC, he will assume global responsibility for maintaining and expanding the technology powering the Company's growing portfolio of products related to hybrid and fully electronic trading, market data, and software solutions.
Mr. Lynn said: "Eric has the perfect combination of computer science prowess, a deep understanding of how the global capital markets function, and a long history of matching the needs of those who sit on trading desks with world-class solutions provided by industry-leading technologists. As we continue to innovate and expand BGC's hybrid and fully electronic solutions for our customers and brokers in Financial Services, as well as expand our offerings in Real Estate Services, we need executives with an established track record of addressing complex technologies and businesses on a global scale. We believe that Eric's abilities, experience and leadership will enable BGC to continue to develop and grow our hybrid and fully electronic businesses."
Mr. Hirschhorn commented on his appointment: "I'm very excited to be joining BGC and the great team of brokers, salespeople, IT professionals, and others they have assembled. It's clear that I'm joining an organization committed to innovating and implementing world-class technology solutions for its list of top-tier global customers. I look forward to being part of the next great chapters in the story of BGC's growth."
Mr. Hirschhorn joins BGC with more than 25 years of experience in technology roles across the financial services industry. In his recent positions, he managed global teams of more than 500 people and was responsible for directing hundreds of millions of dollars in technology-related investments. His most recent roles included Global Head of Rates and FICC eTrading Technology at Bank of America Merrill Lynch. Prior to that, he was Chief Technology Officer of Fixed Income at Morgan Stanley. Before that, he held various senior trading technology positions at Citigroup including Global Head of FX Technology, Global Head of Electronic Credit, and Chair of the Capital Markets eCommerce Technology Working Group. Mr. Hirschhorn's career also includes having been a Senior Vice President at Lehman Brothers in the Fixed Income Technology area. He also spent 12 years at Chase Manhattan Bank and its predecessors, where he built and managed several technology-related businesses and functions. Mr. Hirschhorn earned his Bachelor of Engineering Degree in Mechanical Engineering from the Cooper Union for the Advancement of Science and Art.
About BGC Partners, Inc.
BGC Partners is a leading global brokerage company servicing the financial and real estate markets. Products include fixed income securities, interest rate swaps, foreign exchange, equities, equity derivatives, credit derivatives, commercial real estate, commodities, futures, and structured products. BGC also provides a wide range of services, including trade execution, broker-dealer services, clearing, processing, information, and other back-office services to a broad range of financial and non-financial institutions. Through its BGC Trader and BGC Market Data brands, BGC offers financial technology solutions, market data, and analytics related to numerous financial instruments and markets. Through the Newmark Grubb Knight Frank brand, the Company offers a wide range of commercial real estate services including leasing and corporate advisory, investment sales and financial services, consulting, project and development management, and property and facilities management. BGC's customers include many of the world's largest banks, broker-dealers, investment banks, trading firms, hedge funds, governments, corporations, property owners, real estate developers, and investment firms. BGC's common stock trades on the NASDAQ Global Select Market under the ticker symbol "BGCP." BGC has also has an outstanding bond issuance of Senior Notes due June 15, 2042, which trade on the New York Stock Exchange under the symbol "BGCA." BGC Partners is led by Chairman and Chief Executive Officer Howard W. Lutnick. For more information, please visit www.bgcpartners.com.
BGC, BGC Trader, Newmark, Grubb & Ellis, and Grubb are trademarks and service marks of BGC Partners, Inc. and/or its affiliates. Knight Frank is a service mark of Knight Frank (Nominees) Limited.
Discussion of Forward-Looking Statements by BGC Partners
Statements in this document regarding BGC Partners' business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. Except as required by law, BGC undertakes no obligation to release any revisions to 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 set forth in our public filings, including our most recent Form 10-K and any updates to such risk factors contained in subsequent Form 10-Q or Form 8-K filings.
SOURCE BGC Partners, Inc.