New York and London, June 27, 2016 – BGCPartners, Inc. (NASDAQ:  BGCP) (“BGCPartners,” “BGC” or “the Company”), a leading global brokerage companyservicing the financial and real estate markets, today announced that one ofthe leading brokers in the Scandinavian markets Ann Kristina Olsson, known as“Ina”, will be appointed to lead BGC Partners’ Scandinavian swaps and bondsbroking team, pending legal requirements.

Ina will be based in Nyon,Switzerland and will report to Jean-Pierre Aubin, Executive Managing Director,Global Head of Listed Products and General Manager of Continental Europe.

In this role, Ina will beresponsible for managing BGC’s existing Scandinavian swaps and bonds business,as well as for advancing BGC’s strategic expansion into the Scandinavianmarkets. As an advocate of hybrid broking, Ina will make the most of BGC’smarket-leading approach to technology in order to deliver innovation toclients.

Ina formerly served as Head ofScandinavian Products for Gottex Brokers from 2010 to 2016 and previouslyworked at ICAP in London.

Shaun D. Lynn, President of BGC, said: “BGC Partners is a companywhere talent and technology go hand in hand to help us deliver the bestpossible service to our clients. Bringing the best people into the business iscritical to our future, and I’m confident that Ina will be a valuable additionto the team.”

Jean-Pierre Aubin said: “Over the past few years, BGC has strengthenedour position across all markets by recruiting the most talented people, andIna’s addition to the Company fits squarely within this approach.  She’s bright, focused and her experiencegives her a unique perspective, which will enable us to further provide addedvalue to our clients.”

Anthony Warner, General Manager of BGC Partners, London said “Inajoins BGC with an impressive track record in markets that are extremelyimportant across the entire Scandinavian product suite. We are delighted thatIna has chosen to join BGC Partners. Her addition to the team will advance ourambitious plans to further grow our hybrid business in this important regionfor BGC.”

Press Contact:

Sarah Lukashok


Investor Relations Contacts:

Jason McGruder


Jason Chryssicas

(212) 915-1987

About BGC Partners, Inc.

BGC Partners is a leading globalbrokerage company servicing the financial and real estate markets. Throughbrands including BGC, GFI, and RP Martin, the Company’s Financial Servicessegment brokers a broad range of products, including fixed income (rates andcredit), foreign exchange, equities, energy, commodities, and futures. BGCprovides a wide variety of services, including trade execution, broker-dealerservices, clearing, processing, information, and other back-office services toa broad range of financial and non-financial institutions. Through brandsincluding FENICS, BGC Trader, BGC Market Data, Capitalab and Swaptioniser, BGCoffers fully electronic brokerage, financial technology solutions, market data,analytics, and post-trade services related to numerous financial instrumentsand markets.  Through Real EstateServices brands including Newmark Grubb Knight Frank, the Company provides alarge assortment of commercial real estate services, including leasing andcorporate advisory, investment sales, real estate finance, consulting, projectmanagement, property management, and facilities management.

BGC’s customers include many of theworld’s largest banks, broker-dealers, investment banks, trading firms, hedgefunds, governments, corporations, property owners, real estate developers, andinvestment firms. BGC’s common stock trades on the NASDAQ Global Select Marketunder the ticker symbol (NASDAQ: BGCP). BGC also has an outstanding bond issuance of Senior Notes due June 15,2042, which trade on the New York Stock Exchange under the symbol (NYSE:BGCA).  BGC Partners is led by Chairmanand Chief Executive Officer Howard W. Lutnick. For more information, pleasevisit

BGC, BGC Trader, GFI, FENICS,FENICS.COM, RP Martin, Capitalab, Swaptioniser, Newmark, Grubb & Ellis, andGrubb are trademarks, registered trademarks and/or service marks of BGCPartners, Inc. and/or its affiliates. Knight Frank is a service mark of Knight Frank (Nominees) Limited.

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House ofRepresentatives Ways and Means Committee Chairman Kevin Brady (R – Texas) hasdisclosed that, under his leadership, the Committee will immediately draft USinternational tax reform legislation, while laying the framework for morecomprehensive tax reform in 2017.

On February 12, 2016,Mr. Brady delivered the keynote address at the Tax Council Policy Institute's17th Annual Tax Policy & Practice Symposium, and confirmed that, "inthe months ahead and beyond, the Ways and Means Committee will be the center ofthe tax reform discussion and debate. … The code we have is too costly, complexand unfair. It is abundantly clear that now is the time to overhaul our taxsystem from top to bottom".

Chairman Brady’sproposed changes include:

• Making the tax codesimpler, fairer, and flatter

• Replacing thecurrent world-wide tax system with a permanent, modern territorial-type system

• Closing loopholes,eliminating special rules and limiting deductions, exclusions and credits

• Providing businessesboth large and small with a competitive tax system, including a fair andcompetitive tax rate

• Encouragingbusinesses to locate their operations in the United States rather thanincentivizing (effectively) the shift of jobs overseas

Mr. Brady confirmedthat the Committee will move forward immediately to draft internationaltax reform legislation – "as we plan for that finish line in2017, developments in the global environment demand our immediateattention."



Socialresponsibility represents an important commitment for MossackFonseca and our affiliates. It is also a daily reminder about ourresponsibility towards society.


Everyyear we donate to various organizations that share our values and in so doing,we stretch out Mossack Fonseca’s helping hand. Through our CorporateSocial Responsibility Program, we actively and voluntarily contribute tothe positive development of human beings, especially those in dire need.


Learnabout our work and share in our cause. The lens of the camera captures a fairimage of what we do, but the impact of our work goes far beyond. Stretching outa helping hand and coming together to enhance the lives of other people is whatmotivates us to do more.


MossackFonseca is committed to helping communities, which is why our legal expertshave provided legal assistance to many organizations, including:

·        RotaryClub of Boquete (Panama)

·        TheBritish Aid Society

·        AeroClub of Panama

·        KennelClub Foundation

·        FundacionConfederation Canofila Panama

·        TheWorld Bank




MossackFonseca has a strong commitment to foster change where it is needed most. It isa way to remind ourselves daily about the responsibility we have towardssociety.


PIERO Rafael Martinez de la Hoz FOUNDATION


Thisorganization provides emotional support to people and families who have lostloved ones through caregiving and educational programs. The Foundation seeks tocreate consciousness about the internal processes that take place, but are notalways properly channeled, when people endure loss.


Itsmain purpose is to offer companionship, educate the community by disseminatinginformation on how to confront grief, and offer training to differentprofessionals to help them manage bereavement.




TheTOMATIS method owes its name to Dr. Alfred A. Tomatis, a French physician andresearcher born in 1920. He was also a psychologist, speech languagepathologist and a member of the French Academy of Sciences.


Forhim, listening was not the same as hearing because listening is affected bymotivation and functional elements that depend on the will of the individual.Listening is far more than the passive act of registering sounds randomly.


InPanama, the Tomatis Therapy and Stimulation Foundation (FUNDET-TOMATIS) offersa wide range of programs for children and adults. The donations they receiveenable them to offer free speech scholarships for Panamanian children who wouldnot otherwise receive the timely and necessary help they require.




FundaciónArte en el Parque is the first foundation from the city of Penonomé to promoteartistic and cultural values in the province of Coclé and to create spaces andactivities that also have an impact on cultural tourism. The VII Art in thePark Festival will serve as a forum for art in general and offer provincialartists an opportunity to make their talent known and present their works,thereby motivating emerging artists who also wish to participate. TheFoundation is currently offering local Fine Arts scholarships and also conductsseminars and courses for the social and humanistic/liberal arts formation ofartists and the general public.




MossackFonseca is pleased to cooperate with the work carried out by Fundación San Joselocated in the Anton Valley, which responds to the basic needs of the localchurch and the neediest in the region, especially children. The projects beingdeveloped are focused primarily on social interest issues, education, healthand cultural activities for children.


Foundationbenefits include a library open to the public with more than 5000 volumes ondiverse themes, as well as 30 computers with Internet access and open spacesfor children and adolescents. The Foundation has also opened a Pastoral HealthHome for the elderly which has its own grove to help feed them.




Fromits inception, the Foundation’s mission has been to support individuals withautism. It also offers guidance to the public and to the families of those withthis condition because if these individuals receive special care from an earlyage, they are capable of becoming a part of society.


Recentstatistics show that 1 in every 88 children is affected by this condition andthat 1 in every 54 is a boy. More than 50,000 people are stricken by autism inPanama, which is an alarming number for our society.




ThePanamanian Institute for Family Education is an organization accredited by theMinistry of Education which seeks to enrich the quality of life of the family,through meeting and dialogue spaces that encourage the exchange of knowledgeand ideas. This organization seeks to provide each member of the family withthe tools that will help them strengthen their relationships and develop theirlife projects.


LastJune, the IPEF conducted the conference "Challenges of the XXI CenturyFamily" and presented topics such as: Keys to Preventing Failure in theEducational Project and How to Strengthen the Self-Esteem and Identity of ourChildren.



On October29, 2015, the Swiss State Secretariat for International Financial Mattersannounced that the doubletaxation agreement (DTA) with respect to taxes on income and capitalbetween Switzerland and Argentina will enter into force on November 27, 2015.It replaces the agreement of 1997 and is in line with the current internationalstandard on the exchange of information.

The purposeof the new agreement is the avoidance of double taxation with respect to taxeson income and on capital, particularly those on dividends, interest and royaltypayments. It adopts the majority of the provisions of the former agreement andcomplies with the current international standard on the exchange of informationupon request. The new agreement will be applicable from January 1, 2016, withthe exception of taxes withheld at source, for which relief will already beapplied in 2015 according to the agreement.

The newagreement sets the maximum withholding tax rate for dividends at 15 percent,and provides for a ten percent rate where the beneficial owner is a company thatholds directly at least 25 percent of the capital of the company paying thedividends. The withholding tax rate for interest payments is capped at 12percent. The maximum withholding tax rate for royalties is 15 percent, withreduced rates of ten, five, and three percent applicable in certaincircumstances.

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