BGC Partners Inc., a global brokerage conglomerate, has reported that Chief Financial Officer Graham Sadler will be relinquishing his role and stepping down, but will remain with the firm until a succession candidate is located.
Mr. Sadler has been with BGC and Cantor Fitzgerald since 2008, having served as its CFO in both the European and Asian markets. He received a promotion back in 2009 to CFO for BGC’s global operations. Presently the brokerage has not decided on a succession candidate, promoting Mr. Sadler to remain until BGC’s next CFO is determined.
According to Howard W. Lutnick, chairman and Chief Executive Officer of BGC in a recent statement on the move, "Graham has been with us for more than six years and represents a key part of our senior management team. His financial acumen, industry expertise, and dedication to BGC have made him a tremendous asset. We wish Graham success in the next chapter of his life. We thank him for staying on to ensure a smooth transition period until we find a successor of his caliber."
"I've greatly enjoyed my time at BGC, an outstanding company which has enjoyed significant growth over the years. I am excited to enter a new phase of my life and potentially explore board opportunities. I will miss my friends and colleagues and I wish everyone at BGC all the best," added Mr. Sadler in an accompanying statement.
