Cantor names new executives

Cantor Fitzgerald has named new managers to its sister business eSpeed to replace those lost in the World Trade Center tragedy. The broker lost nearly 700 of its 1,000 staff in the tragedy, which has now claimed more than 6,000 lives.

Howard Lutnick, chairman and chief executive, takes on extra responsibilities as president. He paid tribute to former president and chief operating officer Frederick Varacchi, one of Cantor’s many lost staff. "eSpeed was Fred’s company and it will always stand as a tribute to his amazing drive and charisma," said Lutnick.

Lee Amaitis, London-based president and chief executive of Cantor Fitzgerald International and executive managing director of eSpeed International, also takes on global responsibilities for eSpeed International.

Joseph Noviello, formerly senior vice-president and chief technology officer, was named executive vice-president and chief information officer and director.

Stephen Merkel remains senior vice-president, general counsel and secretary, and was appointed director.

Amy Nauiokas remains senior vice-president, head of marketing and communications.

Lutnick said: "eSpeed has always been more than a team, or a vision, or even a company. At its heart eSpeed is a family. As a family, we mourn the losses of our siblings, our best friends - our partners."

Senior management of eSpeed lost in the tragedy include: Douglas Gardner, vice chairman and director; Jeffrey Goldflam, senior vice-president and chief financial officer; Jonathan Uman, head of corporate development; Glenn Kirwin, head of product development; David Bauer, head of sales; and Joseph Shea, executive managing director, Cantor Fitzgerald. "Cantor was Joe," Lutnick said in tribute.

"We are a large family that has lost its brothers and sisters. There is no adversity our survivors cannot overcome. Our survivors reopened this company 47 hours after the attack. I cannot be more proud to be associated with this group of people," he said.