NEW YORK – October 3, 2023 – Clear Street (“Clear Street,” “the Company”), a New York-based independent prime broker, today announced the appointment of Steve Bisgay as Chief Financial Officer (“CFO”), effective immediately.
In addition to leading Clear Street’s global finance teams, Bisgay will focus on corporate development and investor relations. He will report to Chris Pento, Clear Street’s Co-Founder and Chief Executive Officer. Bisgay succeeds Jacob Asbury, who will help with the transition and remain with the company in a consulting capacity.
“Steve brings a wealth of experience and a proven track record in financial leadership, having successfully led public company finance teams at Cantor Fitzgerald and KCG Holdings. His insights, strategic thinking, and strong financial acumen will undoubtedly contribute to our firm's continued growth,” said Pento. “Jacob has been an integral part of our leadership team, contributing immensely to our financial stability and building operational excellence in the finance team. His dedication, expertise, and unwavering commitment have been invaluable to our success, and we are grateful for his exceptional service.”
Bisgay brings more than three decades of financial experience to Clear Street, including most recently as Executive Managing Director, CFO, at Cantor Fitzgerald. He previously held senior finance leadership roles at BGC Partners, KCG Holdings, Knight Capital Group, and PwC.
“Clear Street is uniquely positioned to provide our broad range of clients with technology-driven solutions that can enhance their business goals,” said Bisgay. “I look forward to building on our strong $700 million capital base, growing our operational foundation, and broadening Clear Street’s platform and services.”
Clear Street has further expanded its senior leadership team with the addition of the following industry experts:
Clear Street has welcomed several senior leaders in 2023 to spearhead the Company’s plans to expand into new asset classes. In June, Clear Street hired 30-year Bank of America veteran Kevin McCarthy as Chief Administrative Officer and Head of Clearing. McCarthy is focused on growing the Company’s services for market makers. In August, ED&F Man founder and former Global CEO Christopher Smith joined Clear Street to build the Company’s futures business.