Howard Lutnick’s Son Takes CEO Role at Cantor Fitzgerald SPAC

Donald Trump’s commerce secretary nominee, Howard Lutnick, is taking a key step back from running his financial group, handing off leadership of one of his blank-check companies to his 26-year-old son.

Brandon Lutnick, a trader at his father’s Cantor Fitzgerald LP, has been listed as CEO at its most recently created SPAC, Cantor Equity Partners I Inc., according to a filing Wednesday. The entity, which hasn’t yet made its market debut, has said it aims to raise $200 million to seek a merger with a private company.

Brandon Lutnick

Photographer: Paul Morigi/Getty Images

Eyes have been on Brandon since his father, the ...