Salvatore J. Trani

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Salvatore J. (Sal) Trani
Sal Trani.jpg
Occupation Executive managing director
Employer BGC Partners
Location New York

The late Sal Trani was executive managing director, North America, for BGC Partners, instrumental in rebuilding the company after several hundred of its employees were killed in the September 11, 2001 World Trade Center attacks.[1] In his 40-year career as an inter-dealer broker, Trani played a leading role in the transition of the industry from voice brokerage to globalized electronic markets.[2]

Trani passed away May 7, 2013, at the age of 72, after a battle with brain cancer.

Background

Trani worked as a runner at the New York Stock Exchange in the 1950s while earning his bachelor's degree at NYU. He subsequently worked as a dealing broker for Stern, Lauer & Co. In 1979 he left Stern to develop the inter-dealer operation at Mabon, Nugent & Co. Following the renaming of Mabon to Cedar Street Securities Corp., Trani, as chairman, led the firm to become one of the top inter-dealer brokers in the corporate debt market.

Following the acquisition of Mabon by Istituto Mobiliare Italiano (IMI) in 1991, Trani was appointed chairman and CEO and later helped to pave the way for the formation of Garban Corporates LLC[3], which merged with ICAP in 1999.

Education

Trani held a both B.S. and M.B.A. from New York University.

References

  1. Sal Trani, 72; rebuilt Cantor Fitzgerald unit after 9/11. Boston Globe.
  2. Salvatore J. Trani. Bloomberg Businessweek.
  3. Sal Trani Joins BGC Partners, LP as Managing Director. BGC Partners.