BGC Partners Taps Steve McMurray as CFO, Replacing Graham Sadler

BGC Partners, Inc. (NASDAQ: BGCP), a global brokerage company catering to both financial and real estate markets, has appointed Steve McMurray as its newest Chief Financial Officer (CFO), who joins the group with immediate effect, according to a BGC statement.

In his new role as the CFO at BGC Partners, Mr. McMurray will be tasked with the group’s global accounting operations, including all controlling and treasury functions, financial reporting oversight, and budgeting. He has been tapped as the replacement for BGC’s former executive Graham Sadler, who announced his retirement back in February 11, 2015.

Mr. McMurray joins BGC Partners with a lengthy resume in the financial services industry, including several senior level roles at multiple venues. This includes his most recent stint as the Director of Finance at Amlin plc, a position he held for over nine years.

In addition, he served as a Chief Financial Accountant at the Bank of England for over three years as well as a Senior Manager, Banking & Capital Markets at PwC, dating back to 1995, according to information made public on his Linkedin profile.

According to Howard W. Lutnick, Chairman and Chief Executive Officer (CEO) of BGC, in a recent statement on the appointment: “We are pleased to have an accomplished, high-calibre professional such as Steve joining BGC's leadership team. His breadth of experience in the global financial markets will be a great asset to the Company as we build on our efforts to increase shareholder value and deliver a growing portfolio of innovative services to our clients around the world.”

“Steve's diverse background encompasses both large, multi-national financial institutions as well as supervisory authorities. Steve adds in-depth expertise in financial management and broad based industry knowledge to our executive team,” added Shaun D. Lynn, President of BGC, in an accompanying statement.

'BGC continues to demonstrate its leadership in the financial and commercial real estate industries through an effective corporate strategy that cultivates solid business growth globally and strong performance for its shareholders,” reiterated Mr. McMurray.