Jason Hauf
About Jason Hauf
Jason W. Hauf is Chief Financial Officer of BGC, serving since June 6, 2022; he holds a B.S. in Accounting from the University of Delaware and previously held senior finance roles at Exos Technology and Financial Partners, Royal Bank of Scotland (Americas), and AIG Financial Products, following early-career experience at Coopers & Lybrand . In the most recent filings, Hauf’s age is disclosed as 55 (2024) and 54 (2023) . Company performance during his tenure shows Total Revenues increasing from $1,795.3 million (2022) to $2,262.8 million (2024), Net Income rising to $123.2 million in 2024, and cumulative TSR value of an initial $100 reaching 163.72 in 2024; BGC’s technology businesses (Fenics) grew revenues 9.4% in 2024 with strong product-level growth .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Exos Technology and Financial Partners | Managing Director & CFO | 2018–2022 | Oversaw finance-related activities including reporting, tax, treasury, controls; helped establish investment bank and technology company from inception . |
| Royal Bank of Scotland (Corporate & Institutional Banking, Americas) | Managing Director & CFO | 2006–2016 | Led finance function across reporting, planning, capital management, liquidity, regulatory and tax reporting, and third-party risk management . |
| AIG Financial Products Corp. | Vice President | Not disclosed | Senior finance role prior to RBS tenure . |
| Coopers & Lybrand | Manager | Not disclosed | Public accounting experience; managerial role . |
External Roles
No external public-company directorships or committee roles are disclosed for Hauf in the executive officer sections of recent proxies reviewed .
Fixed Compensation
| Year | Base Salary ($) |
|---|---|
| 2022 | 344,083 |
| 2023 | 700,000 |
| 2024 | 700,000 |
- Initial base salary rate at appointment: $600,000 (June 6, 2022) .
Performance Compensation
Incentive Plan structure and goals
| Year | Metric category | Weighting | Target | Actual performance reference | Payout | Vesting terms |
|---|---|---|---|---|---|---|
| 2024 | Operating profits/Adjusted Earnings; growth in revenue or transactions vs peers; market penetration; strategic M&A/JVs/disposals; strategic hires/retention; other significant performance | No specific weighting disclosed | Committee-set broad goals; specific numeric targets not disclosed | Total Revenues: $2,262,818k; Net Income: $123,228k; Company TSR value of $100: 163.72 | $750,000 | $387,500 cash; 38,360 RSUs vest ratably over 5 years; vesting contingent on BGC and affiliates generating at least $5 million in revenue in the vest quarter . |
| 2023 | Same categories as above | No specific weighting disclosed | Committee-set broad goals; specific numeric targets not disclosed | Total Revenues: $2,025,401k; Net Income: $38,775k; Company TSR value of $100: 129.49 | $650,000 | $312,500 cash; 40,036 RSUs vest ratably over 5 years; vesting contingent on BGC and affiliates generating at least $5 million in revenue in the vest quarter . |
Cash vs equity mix detail
| Year | Cash Bonus ($) | RSU Grant (#) | RSU allocation ($) | RSU grant basis and vesting |
|---|---|---|---|---|
| 2024 | 387,500 | 38,360 | 362,500 | Granted using $9.45 stock price; vests 1/5 annually over 5 years; vesting contingent on BGC/affiliates generating ≥$5m revenue in the vest quarter . |
| 2023 | 312,500 | 40,036 | 337,500 | Granted using $8.43 stock price; vests 1/5 annually over 5 years; vesting contingent on BGC/affiliates generating ≥$5m revenue in the vest quarter . |
Equity Ownership & Alignment
Outstanding and unvested equity awards (as of 12/31/2024)
| Award | Count (#) | Market value at 12/31/2024 ($) | Vesting terms |
|---|---|---|---|
| RSUs (2023 year-end, approved 3/7/2024, effective 4/1/2024) | 40,036 | 362,726 | Vest ratably on each of the first through fifth anniversaries; contingent on ≥$5m revenue in vest quarter . |
| RSUs (Corporate Conversion) | 43,900 | 397,434 | Issued upon conversion of BGC Holdings units; vesting terms per award agreement (not detailed in table) . |
| RSUs (2024 year-end, approved 1/13/2025, effective 4/1/2025) | 38,360 | 347,542 | Vest ratably on each of the first through fifth anniversaries; contingent on ≥$5m revenue in vest quarter . |
- Long-dated RSUs: 6,808 contingent RSUs and 37,092 RSUs vest on July 1, 2033, subject to continued employment and, for the 6,808 RSUs, ≥$5m revenue in the vest quarter .
- Options: None outstanding; no unexercised options held as of 12/31/2024 .
- Beneficial ownership: Hauf’s beneficial ownership is disclosed as less than 1% in security ownership tables; specific share count not itemized .
- Hedging policy: Company prohibits directors and officers from hedging BGC equity securities without Audit Committee approval; trades are subject to pre-clearance processes .
- Pledging: No pledging of Hauf’s shares is disclosed in security ownership tables; note that Cantor (controlling stockholder) has pledged 10,000,000 Class B shares under a partner loan program (corporate-level disclosure) .
Employment Terms
| Term | Detail |
|---|---|
| Start date and role | Appointed CFO effective June 6, 2022; Principal Financial and Accounting Officer . |
| Employment type | At-will; subject to 90 days’ advance written notice of resignation . |
| Base salary at appointment | $600,000 per year . |
| Upfront partnership award | $250,000 BGC Holdings partnership award (50% non-exchangeable PSUs; 50% non-exchangeable PPSUs), based on BGC Class A closing price on last day of June 2022; advance against 2022 discretionary bonus . |
| Restrictive covenants | One-year non-compete; one-year client non-solicitation; three-year employee non-solicitation/no-hire; other restrictions . |
| Clawback and detrimental conduct | Company entitled to offset/claw back losses from deferred/other compensation upon detrimental conduct, including compliance/risk violations causing material loss or restatement; Company also maintains a Clawback Policy for Incentive-Based Compensation . |
| Change-of-control provisions | No specific change-of-control economics disclosed for Hauf in reviewed filings; gross-up provisions referenced for other executives, not for Hauf . |
| Severance provisions | Not disclosed for Hauf in reviewed filings . |
Company Performance Snapshot (context for CFO tenure)
| Metric | 2022 | 2023 | 2024 |
|---|---|---|---|
| Total Revenues ($USD thousands) | 1,795,302 | 2,025,401 | 2,262,818 |
| Net Income ($USD thousands) | 58,867 | 38,775 | 123,228 |
| Company TSR – value of $100 | 67.10 | 129.49 | 163.72 |
| Peer Group TSR – value of $100 | 66.34 | 84.99 | 121.70 |
| Fenics Revenues ($USD millions) – YoY growth | — | — | $570.8 (+9.4% YoY); Q4 $142.1 (+8.6% YoY) |
Investment Implications
- Retention risk appears mitigated by multi-year RSU vesting (five-year schedules from 2023/2024 grants and additional tranches vesting in 2033), with vesting also contingent on quarterly revenue thresholds that reinforce ongoing operational continuity .
- Pay-for-performance alignment is governed by a broad, multi-metric Incentive Plan with Committee discretion and no set weightings; Hauf’s awards increased from $650,000 (2023) to $750,000 (2024), split between cash and RSUs, suggesting continued emphasis on retentive equity tied to company performance reviews .
- Trading signals and potential selling pressure: monitor vest dates and any pre-cleared 10b5-1 plans; company hedging prohibitions reduce the likelihood of hedging misalignment; no pledging by Hauf is disclosed, which is positive vs. alignment risk .
- Execution track record context under Hauf’s CFO tenure: revenues and TSR improved through 2024, with Fenics businesses showing high growth rates; continued progress in electronic platforms (FMX, FX, Futures, PortfolioMatch) provides operational tailwinds tied to performance metrics considered by the Committee .