Cawley quits as CEO of BGC Sef

Photo of James Cawley — James Cawley, former CEO of BGC Derivative Markets

Photo by Alex Towle

Robert Mackenzie Smith
23 Mar 2017

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The chief executive of BGC Partners’ swap execution facility (Sef) has resigned, Risk.net has learned.

New York-based James Cawley stepped down as head of BGC Derivative Markets in February after nearly two-and-a-half years in the job.

Angelo Toglia, chief operating officer of BGC Derivative Markets, has been appointed interim chief executive of the Sef business until a permanent replacement is found.

A spokesperson for BGC declined to comment.

Cawley joined BGC in October 2014 after leaving

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