Howard Lutnick, Chairman and CEO of Cantor Fitzgerald, has been named by US President-elect Donald Trump because the nominee for Secretary of Commerce. Lutnick will even function the nation’s high commerce negotiator, with direct accountability for the Workplace of the US Commerce Consultant.
“I’m thrilled to announce that Howard Lutnick…will be part of my Administration as the US Secretary of Commerce,” Trump stated in a press release. “He’ll lead our Tariff and Commerce agenda.”
Key Position in US-India Commerce Relations
If confirmed, Lutnick would be the counterpart to India’s Commerce Minister Piyush Goyal. The 2 will doubtless spearhead bilateral commerce engagements, and probably revive the US-India commerce deal beneath Trump’s administration. At present, Commerce Secretary Gina Raimondo and US Commerce Consultant Katherine Tai maintain these obligations.
Wall Road Veteran
Described by Trump’s transition workforce as “a dynamic drive on Wall Road for greater than 30 years,” Lutnick started his profession at Cantor Fitzgerald in 1983. By the age of 29, he had risen to turn out to be the agency’s President and CEO.
Cantor Fitzgerald confronted unimaginable loss on September 11, 2001, when the World Commerce Heart assaults claimed 658 of its 960 New York-based workers, together with Lutnick’s brother and his finest buddy. Regardless of the tragedy, Lutnick rebuilt the agency as a tribute to these misplaced, providing unwavering help to their households.
“He emerged from these occasions with an indomitable sense of objective…an inspiration to the world,” the announcement learn.
Accolades and Public Service
Lutnick’s contributions have earned him quite a few accolades, together with being named *Monetary Occasions*’ Individual of the Yr in 2001 and Ernst & Younger’s United States Entrepreneur of the Yr in 2010. He’s a board member of the Nationwide September 11 Memorial & Museum and Weill Cornell Medication.
He additionally obtained the Division of the Navy’s Distinguished Public Service Award, the best honor granted to a civilian by the Navy.
As Trump’s Commerce Secretary nominee, Lutnick brings resilience, management, and a long time of expertise to a task that may form US commerce and commerce for years to come back.
