Amerex's Clay Davis Appointed Senior Advisor for Commodities
Ecommerce; Firm under direction of Executive Committee led by Mark
Gaynor
HOUSTON, Dec. 4, 2012 /PRNewswire/ -- Amerex Brokers LLC,
a subsidiary of GFI Group Inc. (NYSE: "GFIG"), a leading
over-the-counter energy brokerage offering services in electricity,
natural gas, emission credits and allowances, renewable energy
credits, retail energy procurement, energy consulting and energy
data services, today announced changes in its senior management
structure.
Amerex's President, Clay Davis,
has been appointed Senior Advisor for Commodities Ecommerce and
will remain at the firm directing strategic initiatives in
ecommerce, which include the implementation of GFI trading
technology.
Going forward, Amerex will be directed by its Executive
Committee led by Mark Gaynor and
comprising Paul Puchot, Scott Halperin and Brian
Dowell. Amerex's Executive Committee reports to
Richard Giles, GFI Group Managing
Director and Head of Commodities and Energy Brokerage, North America.
Commenting on the moves, Richard
Giles said: "I wish to compliment Clay for his nearly 17
years of valuable service to Amerex and GFI. In his new role, Clay
will roll out GFI trading technology and support services to market
participants", and added, "This is a great opportunity for Clay to
leverage his deep knowledge and experience of the commodities and
energy markets as they go through the dynamic changes introduced by
the Dodd-Frank Act".
Mr Gaynor is a Managing Director at Amerex Brokers and has been
with the firm over 20 years. Mr Puchot is Managing Director,
Business Development and the firm's Senior Counsel. Mr Halperin is
a Managing Director responsible for the Brokerage business. Mr
Dowell is a Managing Director and Head of East Power Brokerage.
GFI Group technology in the energy and commodities markets in
North America is spearheaded by
EnergyMatch®, the next generation electronic OTC energy marketplace
that combines the liquidity pools of multiple brokerage firms,
electronic trading participants along with multiple clearing
options in an open access web based platform. EnergyMatch® brings
together buyers and sellers of derivative and physical commodities
contracts.
About Amerex Brokers LLC
Founded in 1978, Amerex is a leading over-the-counter energy
brokerage offering services in electricity, natural gas, emission
credits and allowances, renewable energy credits, retail energy
procurement, energy consulting and energy data services. From its
office in Houston, Amerex offers
liquidity and timely execution to meet the needs of a global client
network of more than 1,000 firms including thousands of traders and
risk management professionals. For additional information, please
visit www.amerexenergy.com.
Amerex Brokers LLC is a wholly-owned subsidiary of GFI Group
Inc. (NYSE: GFIG), a leading inter-dealer broker specializing in
over-the-counter derivatives products and related securities. GFI
provides brokerage services, trading system software and market
data and analytics software products for a range of credit,
financial, equity and commodity instruments. GFI operates one of
the largest OTC energy brokerage businesses in North America both directly and through its
Amerex and StarSupply businesses.
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, 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 GFI(SM),
GFInet®, CreditMatch®, GFI ForexMatch®, EnergyMatch®, FENICS®,
Starsupply®, Amerex®, Trayport® and Kyte®.
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 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:
Patricia Gutierrez
Vice President - Public Relations
GFI Group Inc.
55 Water Street, 28th Floor
New York, NY 10041
Tel: (212) 968 2964
Mob: (646) 717 4379
patricia.gutierrez@gfigroup.com
Melissa Mundy
Vice President, Marketing & Data Services
Amerex Brokers LLC
Tel: (281) 340-5206
mmundy@amerexenergy.com
SOURCE Amerex Brokers LLC