Muni Restructuring Firm Formed by Ex-Citi Bankers Is Dissolving

(Bloomberg) -- BGC Partners Advisory, a boutique restructuring firm started in 2024 by ex-Citigroup Inc. public finance bankers, is dissolving.Puerto Rico’s financial oversight board, which manages the island’s spending and the bankruptcies of its government agencies, was a key client for BGC and received a notice from the firm of its plans to dissolve. A person with direct knowledge of the matter who asked not to be named discussing the situation confirmed BGC’s dissolution.“BGC has informed the oversight ...