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Billionaire Howard Lutnick streamlines BGC management, loses second senior exec in a month

Shaun Lynn stood down as BGC's president and effective CEO less than a month ago

Billionaire Howard Lutnick streamlines BGC management, loses second senior exec in a month
Photo: Getty Images

Howard Lutnick has reduced the number of senior managers at BGC Partners, the interdealer broker that he set up, for the second time in a month.

Julian Swain has stepped down from his role as head of BGC’s GFI brand “for personal reasons”, Lutnick wrote in an email to employees on September 10.

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