HedgeCo.net –NEW YORK, May 16, 2007 – GFI Group Inc. (Nasdaq: GFIG) announced today the appointment of Ian Clague as head of GFI’s energy operations in the Americas. Mr. Clague will bereporting to Ron Levi, GFI’s Chief Operating Officer. Mr. Clague has served as Managing Director – North America – since April 2003. In that position, Mr. Clague assisted in themanagement of GFI’s day-to-day operations in North America. Prior to joining GFI, Mr. Clague was with Chemical Bank (now part of JP Morgan Chase & Co) and co-head of debt derivatives andliquid markets for Merrill Lynch in Japan.
Colin Heffron, President of GFI Group, said, “We are pleased to promote Ian Clague to this new position overseeing our North American energy business. With GFI’s growing footprint in worldenergy markets, including the recent acquisitions of Amerex Energy and Starsupply, we are delighted to have someone with Ian’s talent and expertise to manage GFI’s continuing growth. We wishhim every success in this new role.”
About GFI Group Inc.
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 1,500 people with additional offices in London, Paris, Hong Kong, Tokyo, Singapore, Seoul, Sydney, Englewood (NJ), and SugarLand (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 brandsinclude GFI*, GFInet®, CreditMatch®, Starsupply®, Amerex® and FENICS®.
Forward-looking statements
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, thewords “anticipate,” “believe,” “estimate,” “may,” “might,” “intend,” “expect” and similar expressions identify such forward-looking statements. Actual results, performance or achievements coulddiffer 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 theCompany 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 affectingtrading 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, includinghighly-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 orpermissible 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 theCompany focuses its brokerage services; the Company’s ability to keep up with technological changes; and uncertainties relating to litigation. Further information about factors that couldaffect 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 reviseany forward-looking statements, whether as a result of new information, future events or otherwise.
Investor Relations Contact:
GFI Group Inc.
Christopher Giancarlo
Executive Vice President – Corporate Development
investorinfo@gfigroup.com
Chris Ann Casaburri
Investor Relations Manager
212-968-4167
chris.casaburri@gfigroup.com
Media Contact:
GFI Group Inc.
Alan Bright
Public Relations Manager
011-44-20-7877-8049
alan.bright@gfigroup.co.uk
