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®.
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:
Vice President - Public Relations
GFI Group Inc.
55 Water Street, 28th Floor
New York, NY 10041
Tel: (212) 968 2964
Mob: (646) 717 4379