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Draft:Leland R. Johnson
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Howard William Lutnick (born July 14, 1961) is an American businessman, philanthropist, and political figure, best known as the chairman and CEO of Cantor Fitzgerald and BGC Group. In November 2024, President-elect Donald Trump announced his intention to nominate Lutnick as the United States Secretary of Commerce. [1]
- Early Life and Education**
Lutnick was born in Jericho, New York. He attended Haverford College, where he earned a Bachelor of Arts degree in 1983. [2]
- Career**
After graduating, Lutnick joined Cantor Fitzgerald, a financial services firm, where he quickly rose through the ranks. He became president and CEO in 1991 and chairman in 1996. Under his leadership, Cantor Fitzgerald expanded its operations and became a prominent player in the financial industry. [3]
In 2004, Lutnick led the creation of BGC Partners (now BGC Group), a global brokerage and financial technology company. He has served as chairman and CEO since its inception, overseeing its growth and diversification. [4]
- September 11 Attacks and Aftermath**
On September 11, 2001, Cantor Fitzgerald's offices were located in the World Trade Center's North Tower. The company lost 658 employees in the attacks, including Lutnick's brother, Gary. Lutnick survived because he was taking his son to his first day of kindergarten that morning. In the aftermath, he established the Cantor Fitzgerald Relief Fund to support the families of the firm's deceased employees, distributing over $180 million in aid. [5]
- Political Involvement**
Lutnick has been an active supporter of Donald Trump, hosting fundraisers and serving as co-chair of Trump's 2024 presidential transition team. He is known for advocating broad tariffs and has expressed strong views on trade policies, particularly concerning China. [6]
- Nomination as Secretary of Commerce**
In November 2024, President-elect Donald Trump announced his intention to nominate Lutnick as Secretary of Commerce. If confirmed, Lutnick is expected to play a significant role in shaping U.S. trade policies and economic strategies. [7]
- Philanthropy and Board Memberships**
Beyond his professional endeavors, Lutnick is involved in various philanthropic activities. He serves on the boards of several organizations, including the National September 11 Memorial & Museum and the Partnership for New York City. [8]
- Personal Life**
Lutnick is married to Allison Lambert, and they have four children. The family resides in New York. [9]
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