BGC Partners Appoints Chief Financial Officer

BGC Partners, Inc., inter dealer broker, announced that Graham Sadler has been promoted to Chief Financial Officer, effective immediately. "The CFO role at BGC had, until recently, been located in London, along with that of the Company's President, Chief Operating

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BGC Partners, Inc., inter-dealer broker, announced that Graham Sadler has been promoted to Chief Financial Officer, effective immediately.

“The CFO role at BGC had, until recently, been located in London, along with that of the Company’s President, Chief Operating Officer and other senior management, and we are delighted that a financial professional of Graham’s caliber will be serving as our CFO,” says Howard W. Lutnick, chairman and chief executive officer.

Sadler, who is based in BGC’s London office, is replacing Robert West, who has served as the Company’s CFO since May 2007. West plans to pursue other interests.

As Chief Financial Officer, Sadler will be responsible for BGC’s global accounting, controlling and treasury functions, including all financial reporting and budgeting. Since December 2008, he has served as CFO for Europe and Asia for both BGC and Cantor Fitzgerald. In his new role, he will spend at least 75 percent of his time as CFO of BGC and will also continue to serve as CFO for Europe and Asia for Cantor Fitzgerald. Prior to BGC, Sadler spent 11 years with Bear Stearns, where he served most recently as Chief Operating Officer and Chief Financial Officer of Bear Stearns-Europe in addition to other management roles. He also was a member of that firm’s European Executive Committee. Earlier, he served in a number of finance positions over a 14-year span with Barclays Capital (and its predecessor de Zoete & Bevan), including Director of Global Finance and Divisional Director, Markets Division. He began his career with KPMG (previously Peat Marwick Mitchell). Sadler is a Chartered Accountant in the UK, and holds a degree in Engineering from Cambridge University.

D.C.

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