BGC Promotes Nadim Mourad To Managing Director Of Euro Interest Rate Swaps

LONDON, 9 JANUARY 2008 – BGC, a leading inter-dealer brokerage firm providing integrated voice and electronic services to wholesale fixed income, interest rate, foreign exchange and derivatives markets worldwide, announced today that Nadim Mourad has been promoted to the new position of Managing Director, Interest Rate Swaps.

Based at BGC’s headquarters in London, Mr Mourad will be responsible for the day to day running and growth of voice and electronic trading within BGC’s Euro Interest Rate Swaps business.  He will report to Robin Clark, Executive Managing Director, BGC Derivatives and Rates and Xavier Alcan, Executive Managing Director, Interest Rate Swaps.

Mr Mourad has 11 years’ experience in financial markets and has been at BGC since November 1997.  Before his promotion, Mr Mourad was Director of Euro Interest Rate Swaps, during which time he had been instrumental in the growth of BGC’s Euro IRS desk bringing a large number of clients to the team.  Prior to joining BGC, Nadim was Head of Exotic Products at Finacor in Paris.

Commenting on the appointment, Shaun Lynn, President of BGC, said, “Having been instrumental in the continued growth of BGC’s IRS business since joining the company, Nadim’s promotion is well deserved.  We now look forward to working with him further as he continues to develop this business area and focuses on the growth of voice and electronic trading within these products.”

Mr Mourad said, “These are exciting times for all at BGC as the company continues to expand.  A hybrid model of voice and electronic execution of trades is key to our business and I look forward to this developing further within BGC’s interest rates swaps business.”

About BGC

BGC is a leading inter-dealer broker, providing integrated voice and electronic execution and other brokerage services to banks, brokerage houses and investment banks for a broad range of global financial products including fixed income securities, foreign exchange, equity derivatives, credit derivatives, futures, structured products and other instruments. This is complemented by market data products for selected financial instruments. Named after fixed income trading innovator B. Gerald Cantor, BGC has offices in London, New York, Copenhagen, Istanbul, Nyon, Paris, Mexico City, Toronto, Hong Kong, Seoul, Singapore, Sydney, Tokyo, Beijing (representative office). To learn more, please visit www.bgcpartners.com.

U.K. Contact:
Timo Kindred
44-(0)207-894-7292
tkindred@bgcpartners.com

U.S. Contact:
Florencia Panizza
1-212-294-7938
fpanizza@bgcpartners.com

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