In the wake of severe losses to its staff in last week's terrorist attack on its World Trade Center office, eSpeed, the electronic marketplace arm of Cantor Fitzgerald, appointed changes to its senior management and board of directors.
Howard Lutnick, chairman and CEO, assumed the additional role of president. Lee Amaitis, currently the CEO of Cantor Fitzgerald International, was given the additional title of global chief operating officer of eSpeed and director. Joseph Noviello, formerly senior vice president and chief technology officer, has been named executive vice president and chief information officer, and director. Stephen Merkel, who remains senior vice president, general counsel and secretary, was appointed director.
In a prepared statement, Lutnick said: "I am lucky indeed to have such an extraordinarily experienced and respected group of executives. eSpeed will build upon the tremendous efforts of our fallen colleagues and in doing so honor their hard work and tremendous contributions to our company and the entire eSpeed family."
Former eSpeed President and COO Frederick Varacchi and Chairman Doug Gardner are among those missing.
Ivy is Editor-at-Large for Advanced Trading and Wall Street & Technology. Ivy is responsible for writing in-depth feature articles, daily blogs and news articles with a focus on automated trading in the capital markets. As an industry expert, Ivy has reported on a myriad ... View Full Bio