Pascal Bandelier is the Co-Chief Executive Officer of Cantor Fitzgerald & Co. and serves as the Global Head of Equities, responsible for overseeing execution, distribution, financing, and research. Under his leadership, the Equities business has achieved significant growth, expanded its market share, and captured new opportunities that have strengthened the firm’s global presence.

Mr. Bandelier has more than 25 years of experience in global equity markets, with a proven track record of delivering exceptional solutions for clients. Prior to joining Cantor, Mr. Bandelier served as Head of Execution at Barclays and was responsible for the equities sales and trading desks. Prior to that, he held various senior roles at Morgan Stanley and Lehman Brothers.

Sage Kelly is the Co-Chief Executive Officer of Cantor Fitzgerald & Co. and serves as the Global Head of Investment Banking, responsible for the firm’s Equity Capital Markets, Debt Capital Markets, and M&A businesses. Since joining the firm in 2016, Mr. Kelly has transformed the investment banking franchise, expanding Cantor’s coverage across Healthcare, Power, Renewables & Infrastructure, Technology, Digital Assets, Industrials, Metals & Mining, Financial Institutions and Real Estate sectors.

With three decades of investment banking experience, Mr. Kelly is a proven leader in the industry, providing strategic guidance and executing transformative deals. Prior to joining Cantor, he served as the Head of Healthcare Investment Banking at Jefferies for six years. Before that, he held senior roles at UBS and Citibank. Mr. Kelly also spent three years working in the biotechnology industry for Genetics Institute.

Christian Wall is the Co-Chief Executive Officer of Cantor Fitzgerald & Co. and serves as the Global Head of Fixed Income, responsible for overseeing the firm’s Structured Products Group, Primary Dealer, Rates business, Fixed Income Financing, and Credit businesses. He joined Cantor in 2017 as the Head of the Structured Products Group (“SPG”) and a member of the Fixed Income Operating Committee, where he managed the sales, trading, and banking teams across the SPG platform.

Prior to joining Cantor, Mr. Wall spent seven years as a Managing Director in Non-Agency trading at Credit Suisse, which was the number one ranked Non-Agency trading business in the US at the time. Prior to that, he worked at Barclays, Deutsche Bank, and UBS, trading various Agency-backed and Non-Agency mortgage products.

Stephen Merkel is Executive Vice Chairman, Executive Managing Director, and General Counsel for Cantor Fitzgerald, L.P., responsible for overseeing legal and compliance functions globally.

Prior to joining Cantor Fitzgerald in 1993, Mr. Merkel was Vice President and Assistant General Counsel at Goldman Sachs & Co., dedicated to the J. Aron Division. Before that, he was an associate with the law firm of Paul, Weiss, Rifkind, Wharton & Garrison. He also served as a law clerk for the Honorable Irving R. Kaufman of the U.S. Court of Appeals for the Second Circuit. Mr. Merkel received a Bachelor’s degree with a major in History and Sociology of Science from the University of Pennsylvania and received his law degree from the University of Michigan Law School.

Mr. Merkel is currently on the Board of Trustees for the Brooklyn Botanic Garden and on the Board of Directors of the Brooklyn Bridge Park Corporation. He was a founding member of the Wholesale Markets Brokers’ Association for the Americas. Mr. Merkel lives with his wife, Robin Shanus, and has three adult children, David, Gabe and Leo.

Mark Kaplan is Global Chief Operating Officer of Cantor Fitzgerald & Co. In that role he assists senior management in running the day-to-day operations of the firm.

Mr. Kaplan joined Cantor Fitzgerald in 2018. Previously, he spent 10 years as Chief Operating Officer for Société Générale in the Americas, where he was responsible for managing its regional operations, including the IT, operations, finance, product control, operational risk, IT security, business continuity planning, sourcing, and real estate departments. In that role, Mr. Kaplan helped develop and build many of Société Générale’s business initiatives, complete several significant mergers and acquisitions, and lead several regional strategic initiatives.

Prior to that position, Mr. Kaplan was the General Counsel for Société Générale for the Americas from 2001 to 2007, leading its legal and compliance departments. Before joining Société Générale, he was General Counsel for CIBC World Markets Corp.’s U.S. operations, and previously served as the Director of Litigation at Oppenheimer & Co., Inc.

Mr. Kaplan holds a B.A. from Bucknell University, where he graduated magna cum laude and Phi Beta Kappa, and a J.D. from Columbia University Law School.

Lori Pennay is Global Head of Human Resources and Chief Employment Counsel for the Americas for Cantor Fitzgerald, L.P., overseeing all Human Resources functions globally, and employment law in the Americas, for the firm.

Previously, Ms. Pennay served as a Vice President and Assistant General Counsel, providing legal advice and representation to Cantor and BGC Group with respect to employment and partnership matters. Before this, Ms. Pennay worked as Employment Counsel for Credit Suisse Securities (USA), LLC, where she was primarily responsible for providing legal advice and representation for the private banking and certain back-office divisions. She began her career as an employment lawyer with the law firm of Akin Gump Strauss Hauer & Feld, LLP.

Ms. Pennay holds a B.A. from Pennsylvania State University with high distinction honors and a J.D. from the University of Pennsylvania Law School.

Danny Salinas is a Senior Managing Director and Chief Financial Officer of Cantor Fitzgerald L.P. As CFO, Mr. Salinas is responsible for financial operations, including accounting, finance, regulatory reporting, treasury, financial planning and analysis, as well as taxation, risk management, investor relations and corporate services.

Prior to joining Cantor, Mr. Salinas held various executive positions at TD Bank Group, most recently as Chief Financial Officer for TD Securities. He also practiced as a tax attorney at Simpson, Thacher & Bartlett, where he advised on strategic corporate transactions. Mr. Salinas began his career at Deloitte & Touche, where he received his CPA.

He earned a Juris Doctor from Georgetown University and a Bachelor of Science in Accounting from Rutgers University.

Mike Whitaker is the Global Chief Information Officer of Cantor Fitzgerald & Co. He is also the Chief Operating Officer and Chief Information Officer of Cantor Fitzgerald, L.P., responsible for developing and implementing the company’s global technology strategy, Operations, Human Resources, Communications, and Marketing functions.

Mr. Whitaker brings more than 40 years’ experience in financial services and technology. He joined Cantor Fitzgerald in 2024 from Citi, where he spent 15 years in senior technology management roles and rose to become the firm’s Head of Operations & Technology and a member of the Executive Management Team.

Prior to joining Citi, Mr. Whitaker worked at Deutsche Bank and Barclays Capital, where his responsibilities included CIO for Global Fixed Income, Global Equities & Prime Finance, eCommerce, and Algorithmic trading functions.

Mr. Whitaker holds a Master of Science degree in financial markets and derivatives from City, University of London.