Why it was vital for us to give back in the wake of tragedy
I n our industry we are very fortunate and I think we have a responsibility to help other people, particularly after we were able to rebuild the company from the disastrous day of September 11,” said BGC president Shaun Lynn.
Among the victims of the 9/11 attack on the World Trade Centre in 2001 in New York were 658 Cantor Fitzgerald employees and 61 Eurobrokers.
Each year since 2004, BGC has donated revenues from a day’s trading to charity in memory of its affiliates’ staff, with celebrities called in from the 50 organisations supported to close deals on the phones, boosting publicity and donations for the good causes. Before its 2017 event on Monday it had raised £137million.
Shaun said: “We wanted to give something back. It was a tragedy. We lost so many people, it was a major part of our company. Our US branch was very strong and promising and we had to completely rebuild.
“We decided straight away a part of that recovery should be supporting the families of our colleagues who died. These charity days are a way of expanding that.
“It’s important we do that. All of our global offices take part in the day, including Australia, Japan, Singapore and Hong Kong.”
He added: “We have successfully rebuilt the company, but the events of that day made a real difference.
“We are much larger than we were but most of the senior management were with us on September 11, 2001, including myself. You don’t forget that. It’s in our DNA.
“Everyone thinks they could do more for charity, but we have such busy lives and you end up not getting around to it.
“The most important thing you can give to charity is your time and people, particularly in our industry, should make sure they do that more.”
BGC president Shaun Lynn closes a deal