Cantor Fitzgerald Donates $10 Million To National September 11 Memorial & Museum
Gift from Cantor Fitzgerald, L.P. Helps Achieve Goal to
Construct National 9/11 Memorial
New York – (April 9, 2008) - Cantor Fitzgerald, L.P. today announced its intention to make a gift of $10,000,000 to the National September 11 Memorial & Museum. The donation helps the National September 11 Memorial & Museum successfully reach its $350 million fundraising goal for the construction of the Memorial & Museum.
Howard W. Lutnick, Chairman and Chief Executive Officer of Cantor Fitzgerald, said, “We made a commitment to rebuild our firm after 9/11 to help the families of the 658 members of Cantor who were lost that day. In the spirit of the rebirth of Cantor, and to honor our colleagues and all those who lost their lives on that tragic day, we are privileged to provide this gift to help realize the dream of building our country’s National 9/11 Memorial.”
Mr. Lutnick added, “The tremendous renewal of this firm is more than a business success story, it is a testament to the deep connection between the men and women of Cantor and the families of our employees who perished. In the five years following the World Trade Center attacks, our firm has provided over $180 million to the families. And with over 3200 people employed throughout the group today, Cantor’s rebuilding also is a clear measure of our commitment to New York City. On behalf of the entire Cantor family and all they have accomplished, I am thrilled that our firm has been able to underscore its achievements with this significant gift to the National 9/11 Memorial & Museum.”
Overcoming the loss of over two-thirds of Cantor’s 960 New York-based employees in the World Trade Center attacks, Cantor has reemerged as a leading financial services firm serving the global capital markets. Through its inter-dealer brokerage affiliate, BGC Partners, Inc., which became a publicly-traded company earlier this month, the firm has recommitted to its presence in New York’s financial district, with over 500 employees downtown, in addition to Cantor’s new uptown office. Now larger than in 2001, Cantor has become a leader in the institutional equity sales and trading marketplace, has built a strong and fast-growing fixed income business as one of 20 primary dealers trading with the U.S. Federal Reserve, and has created several other new, innovative businesses and initiatives, such as Cantor Gaming, CantorCO2e, Cantor LifeMarkets, and Cantor Index.
About Cantor Fitzgerald, L.P.
Cantor Fitzgerald, L.P. is a leading global financial services firm. The Cantor Fitzgerald franchise includes institutional debt and equity sales and trading, investment banking, private equity, and asset management, and other businesses and ventures capitalizing on the firm’s financial and technology strengths including emissions brokerage, life insurance settlements, and mobile gaming among others. For over 60 years, Cantor Fitzgerald, a proven and resilient leader, has been committed to delivering a unique brand of unparalleled product expertise, innovative technology and customer service to its clients around the world. For more information, please visit www.cantor.com.