Howard Lutnick’s Son Takes CEO Role at Cantor Fitzgerald SPAC
- Trader Brandon Lutnick, 26, to run a new blank-check vehicle
- His father is giving up posts to join Trump’s administration
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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.