Early Life and Education
Howard William Lutnick was born on July 14, 1961, in Jericho, New York. He is of Jewish descent. He attended Jericho High School and Haverford College, where he graduated in 1983 with a degree in economics. While at Haverford, he was captain of the tennis team. Lutnick's parents died of cancer before he started college.
Rise to Success
Lutnick joined Cantor Fitzgerald in 1983, under the mentorship of B. Gerald Cantor. He quickly advanced within the firm, becoming President and CEO in 1991. He became Chairman in 1996. In 2004, he separated the voice brokerage business to create BGC Partners. Lutnick spearheaded the merger of BGC with eSpeed in 2008.
Key Business Strategies
Lutnick invested heavily in technology, establishing the electronic trading platform eSpeed. Under his leadership, Cantor Fitzgerald expanded into new markets and technologies. He also led BGC Partners in strategic acquisitions and investments.
Philanthropy
After the September 11 attacks, Lutnick established the Cantor Fitzgerald Relief Fund, donating $180 million to families. He and his wife have supported United Hatzalah, contributing $7 million to support those impacted by the war in Israel. Lutnick has also contributed to Birthright Israel.