GFI (HK) Securities granted license to operate in Fixed Income Markets
New York, February 26, 2013 – GFI Group Inc. (NYSE: “GFIG”) announced today the opening of an office in Manila, the Republic of the Philippines. The new office will focus on brokering of Philippine Government and corporate fixed income products in the domestic market.
The GFI Manila office will be headed by Derrick Aquino. Mr. Aquino, who has been working in the financial markets both locally and internationally for more than a decade, has been with GFI since 2005. He has worked as a fixed income trader both in Manila and in Hong Kong in major financial institutions. At GFI, he has expanded the firm’s Asian High Yield Sovereign business and is currently the Managing Director for Philippine Fixed Income.
“We are very pleased to announce our new office in Manila and the start of our brokerage operations in the Philippines headed by Derrick Aquino” said Scott Tatham, GFI Managing Director and Head of Asia. “Derrick’s experience and know-how will contribute greatly to the growth of our business in the local market”.
Tatham also said “As opportunities arise, we will increase our product offering”
Derrick Aquino, head of the new office added: “The Philippines is an area of great potential for us and a natural step in our growth strategy in Asia. Our presence will allow us to offer our expertise and services to one of the fastest growing markets in the region. I am very bullish on the Philippines. I believe our experience in international markets will offer utmost value to the development and expansion of the Philippine financial markets”.
The new office commences operations with a staff of 10 people. The Philippines joins GFI Group’s network of offices in Asia which also that includes Japan, Korea, China, Hong Kong and Singapore.
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, Lima, 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.
55 Water Street, 28th Floor
New York, NY 10041
Tel: (212) 968 2964
Mob: (646) 717 4379