New York, May 4, 2011 – GFI Group (NYSE: “GFIG”) announced today that GFI FENICS has further expanded its commercial team in Asia Pacific with four new hires across the region.
Patrick Gassner, will take on the role of Head of Market Data Sales, Asia based in GFI’s Hong Kong office. Gassner joins GFI from Thomson Reuters, where he held the position of Data Solution Specialist.
Barry Moore will serve as the Commercial Head for Australia and New Zealand, based in the GFI Sydney office. Prior to joining GFI FENICS, Moore worked as an FX Option Trader at St George Bank and more recently at Westpac.
Lionel Chan joins the GFI FENICS team in Hong Kong as a Product Specialist and will head up the GFI FENICS Implementation Group in North Asia. Mr. Chan was previously working at BNP Paribas Hong Kong as a Systems Analyst.
John Betts will become Head of GFI FENICS Account Management for Asia, a newly created position based in Singapore. Mr. Betts has been with GFI FENICS in its London office for 3 years. He will be responsible for managing the regional client services team.
Richard Brunt, Global Head of FENICS & Market Data at GFI said: “We continue to invest in the team in Asia, as a direct response to our growing client based throughout the region. What is very pleasing is that the business is able to hire directly from the market, thus bringing in-depth market knowledge to our business” and added, “This experience is critical to meet the needs of our clients as they implement regional deployments of the FENICS Professional solution”.
Brunt continued: “Patrick’s experience in Market Data Systems and Data Licensing reflects the impressive growth in GFI’s Market Data business in the Region to date, and our growing suite of unique data products in the region” added Brunt. .
About GFI Group Inc. www.GFIgroup.com
GFI Group Inc. (NYSE “GFIG”) is a leading provider of wholesale brokerage, 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.
Fenics Software Limited is a subsidiary of GFI Group Inc.
Headquartered in New York, GFI was founded in 1987 and employs more than 1,800 people with additional offices in London, Paris, Hong Kong, Seoul, Tokyo, Singapore, Sydney, Cape Town, Santiago, Bogotá, Dubai, Dublin, Tel Aviv, Calgary, Los Angeles, Englewood (NJ) and Sugar Land (TX). GFI Group Inc. provides services and products to over 2,400 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.
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