New York, August 27, 2012 – GFI Group Inc. (NYSE: "GFIG"), a leading provider of wholesale brokerage, electronic execution and trading support products for global financial markets, today announced that Daniel Drew will join Starsupply®, a division of GFI Brokers LLC.
Starting in September, Mr Drew will be concentrating his efforts in the broking of Light’s End’s - NGL, LPG, and olefins.
Mr Drew has over 10 years’ experience in the oil and chemicals sector. Prior to joining GFI’s Starsupply® division, Mr Drew was a senior Light End’s trader at Glencore. Before that, he was a senior feedstock trader at BASF.
Richard Giles, Managing Director and Head of Energy and Commodities Brokerage North America at GFI, said: “We are pleased to welcome Daniel to our Starsupply division. He brings with him considerable experience in the oil and chemicals industry that will contribute greatly to the growth of the business”.
Starsupply®, a division of GFI Brokers LLC and part of GFI Group Inc., is a leading US broker of oil and related derivative and option contracts. Based in New York, GFI’s Starsupply® division `brokers all physical oil products. These include products from unfinished oils, such as crude oil and refinery intermediates, to finished products such as gasoline, jet-fuel, heating-oil and petrochemicals. Starsupply® also brokers oil product financial derivatives. These include swaps and options on crude oils and petroleum products. Starsupply® offers intermediary services to commercial and financial institutions around the world including oil corporations, refiners, trading companies, investment banks, utilities and large end-users.
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 2,100 people with additional offices in London, Paris, Nyon, Hong Kong, Seoul, Tokyo, Singapore, Sydney, Cape Town, Santiago, Bogota, Buenos Aires, Dubai, Dublin, Tel Aviv, 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 GFISM, 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.
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New York, NY 10041
Tel: (212) 968 2964
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