Clear Street – a New York-based independent prime broker – recently announced the appointment of Steve Bisgay as Chief Financial Officer (CFO), effective immediately. Along with leading Clear Street’s global finance teams, Bisgay is going to focus on corporate development and investor relations. He is reporting to Chris Pento, Clear Street’s Co-Founder and Chief Executive Officer. Bisgay is succeeding Jacob Asbury, who will help with the transition and remain with the company in a consulting capacity.
Bisgay brings over three decades of financial experience to Clear Street, including most recently as Executive Managing Director, CFO, at Cantor Fitzgerald. And he previously held senior finance leadership roles at BGC Partners, KCG Holdings, Knight Capital Group, and PwC.
Clear Street also expanded its senior leadership team with the addition of the following industry experts:
1.) Ursula Clay – Chief Compliance Officer (CCO), Managing Director, Clear Street Derivatives
Clay brings over 30 years of experience, most recently as Managing Director, CCO at Nearwater Capital. She previously served in senior compliance roles at FINRA, Morgan Stanley, Barclays, and Exos Securities, practiced securities litigation at Bressler, Amery & Ross, and managed her own swap dealer consulting business. Clay reports to Pat Travers, CEO, Clear Street Derivatives.
2.) Brent Posner – Chief Operating Officer (COO), Clear Street Futures
Posner is a seasoned COO with over 20 years of experience in senior executive management positions at multi-asset class global financial services companies. Prior to joining Clear Street, he was Senior Vice President and COO, ED&F Man Capital Markets. Posner reports to Chris Smith, CEO, Clear Street Futures.
Clear Street has also welcomed several senior leaders in 2023 to spearhead the company’s plans to expand into new asset classes. In June, Clear Street brought in 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. Plus, in August ED&F Man founder and former Global CEO Christopher Smith joined Clear Street to build the company’s futures business.
KEY QUOTES:
“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. 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.”
- Chris Pento, Clear Street’s Co-Founder and Chief Executive Officer
“Clear Street is uniquely positioned to provide our broad range of clients with technology-driven solutions that can enhance their business goals. I look forward to building on our strong $700 million capital base, growing our operational foundation, and broadening Clear Street’s platform and services.”
- Steve Bisgay
