Cantor Fitzgerald Sets June 1 Return for Front-Office Staffers
May 26 2021, 4:06 PM
May 26 2021, 3:59 AM
May 26 2021, 4:06 PM
(Bloomberg) Cantor Fitzgerald, the private financial-services firm run by billionaire Howard Lutnick, has set a June 1 date for all U.S. front-office staff to ditch sweatpants and video calls, and return to full-time work in-person.
(Bloomberg) Cantor Fitzgerald, the private financial-services firm run by billionaire Howard Lutnick, has set a June 1 date for all U.S. front-office staff to ditch sweatpants and video calls, and return to full-time work in-person.
The bulk of front-office staff have been back since last summer, said Karen Laureano-Rikardsen, a spokeswoman. The mandate, which also applies to employees of affiliate BGC Partners, affects the fewer than 10% of workers who havenât yet returned to the headquarters in New York City, and to offices such as those in Watermill, Long Island; Greenwich and Darien, Connecticut; Summit, New Jers
Newmark to Acquire Assets of Knotel
Newmark Group, Inc. (Nasdaq: NMRK) ( Newmark ) today agreed to provide debtor-in-possession ( DIP ) financing to Knotel, Inc. ( Knotel ) and acquire Knotel s business through its Chapter 11 sales process. We look forward to supporting Knotel through this difficult period, said Newmark Chief Executive Officer Barry Gosin. We are providing capital to Knotel so it can right-size its business for the path forward. Newmark s commitment offers a path forward amidst this challenging climate, said Knotel Co-Founder and Chief Executive Officer Amol Sarva. We are optimistic that, through a successful restructuring, we can refocus on our mission of providing state-of-the-art, tailored flex space in key U.S. and international markets. We have engaged Hilco Real Estate, a real estate restructuring specialist, to assist Knotel.