Mar 1, 2012
New York, March 1, 2012. - GFI Group Inc. (NYSE: "GFIG"), a leading provider of wholesale brokerage, electronic execution and trading support products for global financial markets, today announced the departure of James Higgins as Head of its North American Fixed Income brokerage operations. Mr. Higgins is leaving to pursue new business opportunities.
GFI also announced that Richard Giles, Managing Director and North American Head of Commodities and Energy Brokerage, will assume additional duty as Head of GFI's North American Fixed Income Brokerage, succeeding Mr. Higgins.
Mr. Giles previously served as GFI's Head of Credit products in London, where he managed GFI's brokerage of single-name credit default swaps, credit indices, corporate and high yield bonds, leveraged loans and structured credit. Mr. Giles joined GFI in 1993 and has worked in currency options, energy and credit in both Hong Kong and London.
Colin Heffron, GFI's President, commented, "Jim Higgins' tenure at GFI has been extraordinarily successful since his arrival in 2008. It is with great respect that I accept Jim's decision to seek new challenges." Mr. Heffron continued, "I am delighted that Richard Giles will step into the role with his enormous energy and deep knowledge of the fixed income and swaps markets.
James Higgins, commented, "I have thoroughly enjoyed my time at GFI. It is a special place and I will miss the camaraderie and support of my GFI colleagues. I am grateful for the opportunity and I wish everyone at GFI success in the future."
--------------------------------------------------------------
About GFI Group Inc.
GFI Group Inc. (NYSE: "GFIG") is a leading provider of
wholesale brokerage services, clearing services,
electronic execution and trading support products for
global financial markets. GFI Group Inc. provides
brokerage services, market data, trading platform and
analytics software products to institutional clients in
markets for a range of fixed income, financial, equity
and commodity instruments.
Headquartered in New York, GFI was founded in 1987 and employs more than 2,200 people with additional offices in London, Paris, Nyon, Hong Kong, Seoul, Tokyo, Singapore, Sydney, Cape Town, Santiago, Bogota, Dubai, Dublin, Tel Aviv, Calgary, Los Angeles and Sugar Land (TX). GFI Group Inc. provides services and products to over 2,600 institutional clients, including leading investment and commercial banks, corporations, insurance companies and hedge funds. Its brands include GFI(SM), GFInet®, CreditMatch®, GFI ForexMatch®, EnergyMatch®, FENICS®, Starsupply®, Amerex®, Trayport® and Kyte®.
Forward-looking statement
Certain matters discussed in this press release contain
forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. When
used in this press release, the words
"anticipate," "believe,"
"estimate," "may," "might,"
"intend," "expect" and similar
expressions identify such forward-looking statements.
Actual results, performance or achievements could differ
materially from those contemplated, expressed or implied
by the forward-looking statements contained herein. These
forward-looking statements are based largely on the
expectations of GFI Group Inc. (the "Company") and are
subject to a number of risks and uncertainties. These
include, but are not limited to, risks and uncertainties
associated with: economic, political and market factors
affecting trading volumes; securities prices or demand
for the Company's brokerage services; competition from
current and new competitors; the Company's ability to
attract and retain key personnel, including
highly-qualified brokerage personnel; the Company's
ability to identify and develop new products and markets;
changes in laws and regulations governing the Company's
business and operations or permissible activities; the
Company's ability to manage its international operations;
financial difficulties experienced by the Company's
customers or key participants in the markets in which the
Company focuses its brokerage services; the Company's
ability to keep up with technological changes;
uncertainties relating to litigation and the Company's
ability to assess and integrate acquisition prospects.
Further information about factors that could affect the
Company's financial and other results is included in the
Company's filings with the Securities and Exchange
Commission. The Company does not undertake to publicly
update or revise any forward-looking statements, whether
as a result of new information, future events or
otherwise.
For any queries or additional information please contact:
Patricia Gutierrez
Vice President - Public Relations
GFI Group Inc.
55 Water Street, 28th Floor
New York, NY 10041
Tel: (212) 968 2964
Mob: (646) 717 4379
patricia.gutierrez@gfigroup.com