Sep, 22 2008
More Credit Hires for GFI Mon, 22 Sep 2008 21:36:07

Market Leader Expands in Emerging Market CDS

NEW YORK, September 22 /PRNewswire-FirstCall/ — GFI Group Inc. (‘GFIG’ on NASDAQ) has added five new hires in emerging markets credit default swaps in New York. These include experienced brokers, Scott Pagano, Michael Connell and Tom Halpin. All five join GFI from BGC Partners in New York.

“GFI is the world’s top broker in credit derivatives and we intend to remain so,” said Colin Heffron, president of GFI Group. “We are delighted to strengthen our brokerage team with Scott, Michael and Tom and we look forward to offering an even better service to our clients.”

The new brokers will report to Nick Brown, GFI’s head of financial product brokerage, North America.

Risk magazine’s 2008 interdealer rankings named GFI as top inter-dealer broker in 16 of the 17 credit derivatives categories.

About GFI Group Inc.

GFI Group Inc. ( 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 trading platform and analytics software 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 1,700 people with additional offices in London, Paris, Tel Aviv, Dublin, Dubai, Hong Kong, Shanghai, Tokyo, Singapore, Sydney, Seoul, Cape Town, Calgary, Englewood (NJ), and Sugar Land (TX). GFI provides services and products to over 2,200 institutional clients, including leading investment and commercial banks, corporations, insurance companies and hedge funds. Its brands include GFI(TM), GFInet(R), CreditMatch(R), GFI ForexMatch(R), EnergyMatch(R), FENICS(R), Starsupply(R), Amerex(R) and Trayport(R).

Forward-looking statement

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 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; and uncertainties relating to litigation. 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.


Alan Bright, PR Manager, GFI Group Inc.,