Cantor Fitzgerald in the transfer of control from Howard Lutnick to Brandon Lutnick and in an investment by 26 North and Glenn August

On May 19, 2025, Cantor Fitzgerald announced that trusts for the benefit of Brandon G. Lutnick, Chairman and CEO, Kyle S. Lutnick, Executive Vice Chairman and the other adult children of Howard W. Lutnick will acquire Howard Lutnick’s ownership in Cantor Fitzgerald.  In connection with such transfer, an investor group led by 26North, the alternative asset management firm founded by Josh Harris, and Glenn August, Founder and CEO of Oak Hill Advisors, will become minority investors in Cantor Fitzgerald.  Howard Lutnick also agreed to sell his Class A shares in BGC Group, Inc. and Newmark Group, Inc. to the respective companies, and Cantor Fitzgerald agreed to purchase Mr. Lutnick’s shares of BGC Class B common stock.

Wachtell, Lipton, Rosen & Katz is serving as legal advisor to Cantor Fitzgerald.