Stephen Merkel Appointed Chairman of Newmark’s Board of Directors

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Stephen Merkel
Mr. Merkel, who has been with the Company since its acquisition by BGC Partners, Inc., will also retain his roles as Newmark's Executive Vice President and Chief Legal Officer. Kyle Lutnick will also join as a member of the Board.

Newmark, a leading commercial real estate advisor and service provider to large institutional investors, global corporations, and other owners and occupiers, announced Stephen Merkel has been named Chairman of the Board of Directors.

Howard W. Lutnick, who was recently confirmed by the United States Senate as the 41st Secretary of Commerce, has stepped down as Executive Chairman of Newmark and as the Company’s Chairman of the Board.

“Stephen has been one of my closest advisors for more than 30 years,” said Howard Lutnick. “He is an outstanding leader who understands the core of our firm. With his experience and dedication to the Company, I am confident in the success of the firm as I take on a new role serving the American people.”

Mr. Merkel is Executive Vice Chairman, Executive Managing Director, and General Counsel for the Cantor Fitzgerald, L.P. group of companies, which includes Newmark Group, Inc., BGC Group, Inc. and Cantor Fitzgerald & Co.

Prior to joining Cantor Fitzgerald in 1993, Mr. Merkel was Vice President and Assistant General Counsel at Goldman Sachs & Co., dedicated to the J. Aron Division. Before that, he was an associate with the law firm of Paul, Weiss, Rifkind, Wharton & Garrison. He also served as a law clerk for the Honorable Irving R. Kaufman of the U.S. Court of Appeals for the Second Circuit. Mr. Merkel received a Bachelor’s degree with a major in History and Sociology of Science from the University of Pennsylvania and received his law degree from the University of Michigan Law School.

Mr. Merkel is currently on the Board of Trustees for the Brooklyn Botanic Garden and on the Board of Directors of the Brooklyn Bridge Park Corporation. Mr. Merkel lives with his wife, Robin Shanus, and has three adult children, David, Gabe and Leo.

Kyle Lutnick most recently served as Global Managing Director of Knotel, Inc., Newmark’s flexible office and workspace business. Prior to that, he was Knotel’s General Manager of UK & EMEA and Vice President of Business Development. Before joining Knotel, Mr. Lutnick was a member of Newmark’s market-leading retail advisory team, where he advised clients in New York City, one of the most dynamic commercial markets in the world. He holds a Bachelor of Arts degree in Psychology from Stanford University.