Lutnick Taps Two Sons, Three Business Heads to Run Cantor (1)

US Commerce Secretary Howard Lutnick named his two eldest sons and three company deputies to run the core of his business group after his Senate confirmation Tuesday and resignation from Cantor Fitzgerald LP.

Lutnick, 63, tapped Brandon Lutnick, 27, as chairman of the Wall Street group, and his brother Kyle Lutnick, 28, as executive vice chairman, according to a company statement Tuesday.

Howard Lutnick

Photographer: Francis Chung/Politico/Bloomberg

Cantor Fitzgerald’s core unit, the private brokerage and investment bank Cantor, will be run by the heads of its three businesses — Sage Kelly, Pascal Bandelier and Christian Wall — who lead investment ...