Cawley quits as CEO of BGC Sef

Angelo Toglia named interim chief following Cawley's exit

Photo of James Cawley
James Cawley, former CEO of BGC Derivative Markets
Photo by Alex Towle

The chief executive of BGC Partners’ swap execution facility (Sef) has resigned, Risk.net has learned.

New York-based James Cawley stepped down as head of BGC Derivative Markets in February after nearly two-and-a-half years in the job.

Angelo Toglia, chief operating officer of BGC Derivative Markets, has been appointed interim chief executive of the Sef business until a permanent replacement is found.

A spokesperson for BGC declined to comment.

Cawley joined BGC in October 2014 after leaving

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