Century brokers join leading dry freight operation
London – 28th March 2007 – GFI Group (Nasdaq: GFIG) has bought Century Chartering, a London shipbroker.
Century brokers Ian MacIntyre, David Tarsey, Carl Burgess and Nick Cowells all move to GFI’s London offices in Snowden Street. They report to Terry Parmenter, GFI’s global head of physical dry freight.
“Century has an impressive 25-year history in ship broking. This acquisition will strengthen GFI’s position in dry cargo chartering and demonstrates our commitment to physical shipbroking”, said Mr Parmenter. “The new additions to the team will work closely with GFI brokers in Singapore, increasing our global reach”.
The transaction closed on 23rd March. The purchase price was not disclosed.
About GFI Group Inc. www.GFIgroup.com
GFI Group Inc. (www.GFIgroup.com) is a leading inter-dealer broker specializing in over-the-counter derivatives products and related securities. GFI Group Inc. provides brokerage services, market data and analytics software products to institutional clients in markets for a range of credit, financial, equity and commodity instruments.
Headquartered in New York, GFI was founded in 1987 and employs more than 1,400 people with additional offices in London, Paris, Hong Kong, Seoul, Tokyo, Singapore, Sydney, Cape Town, Englewood (NJ), and Sugar Land (TX). GFI provides services and products to over 2,000 institutional clients, including leading investment and commercial banks, corporations, insurance companies and hedge funds. Its brands include GFI™, Starsupply®, GFInet®, CreditMatch®, FENICS® and Amerex®.
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