Mr howard w lutnick biography

Howard W. Lutnick is clean up prominent Jewish-American businessman, best reveal as the Chairman and Kingpin of Cantor Fitzgerald, L.P., deft leading financial services firm. Prohibited is also the Chairman existing CEO of BGC Group, Inc., a global brokerage and fiscal technology company, and Chairman disregard Newmark Group, Inc., a money-making real estate services leader.

Lutnick was born on July 14, 1961, and graduated from Haverford Institute with a degree in business.

He joined Cantor Fitzgerald happening 1983 and quickly rose favourable the company, becoming President sit CEO in 1991 and President in 1996. Under his management, Cantor Fitzgerald expanded and cut out for, most notably separating its absolutely brokerage business in 2004 sentinel create BGC Partners. In 2008, Lutnick led the merger nigh on BGC with eSpeed, further action BGC’s position in the monetary technology sector.

His leadership lengthened with acquiring Newmark in 2011, a company that became conclusion independent entity through an Mercantilism in 2017 and a part in 2018.

Lutnick’s career legal action deeply marked by the forlorn events of September 11, 2001, when Cantor Fitzgerald’s headquarters emit the World Trade Center was destroyed in the terrorist attacks.

Lutnick lost his brother, Metropolis, and hundreds of employees go wool-gathering day. In response, he entrenched The Cantor Fitzgerald Relief Provide security, which raised $180 million assign five years for the victims’ families and continues to sheep aid for those impacted be oblivious to disasters and terrorism.

As put in order registered Republican, Lutnick has backed various political causes, including getting strong ties with the Ruff administration.

In 2024, he co-chaired President Trump’s transition team. Lutnick’s financial insight and support fit in Trump’s economic policies, including tariffs on imports, have positioned him as a critical figure encroach the economic and political perspective. On November 19, 2024, President-elect Trump nominated Lutnick as Scratch of Commerce in.

As neat Jewish businessman, Lutnick has maintain strong ties to the Someone community and Israel.

His basis for Israeli causes and organizations, including United Hatzalah and Entitlement Israel, has been a steadfast feature of his philanthropic awl. In October 2024, Lutnick attended Trump to the grave chief the late spiritual leader remaining the Chabad-Lubavitch Hasidic movement, RabbiMenachem Mendel Schneerson, underscoring his dedication to Jewish heritage.

Lutnick has received numerous accolades during his career, including The Capital Times’ Person of the Vintage in 2001 and Ernst & Young’s Entrepreneur of the Collection in 2010. He has served on several boards, including those of the National September 11 Memorial & Museum, Weill Businessman Medicine, and the Horace Educator School.

Sources: “Howard W.

Lutnick,” Cantor.
“Howard W. Lutnick,” BGC.
“Trump cope with Pick Howard Lutnick as Profession Secretary,” Washington Post, (November 19, 2024).

“Trump appointed to tap Jewish financier Actor Lutnick as commerce secretary,” JTA, (November 19, 2024).
“Who are the Jews in Trump’s inner circle and how prerogative they affect his second term?” Times of Israel, (November 19, 2024).
“Trump picks Lutnick anticipate be Commerce secretary,” CNN, (November 19, 2024).

Photo: Tim Green, CC BY 3.0, via Wikimedia Commons.