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GFI Group Inc. Appoints Executives to Head E-Commerce and Asian Operations

GFI Group Inc. (Nasdaq: GFIG), an inter-dealer brokerage, market data and analytical software provider for global cash and derivative markets, announced today the appointment of Jurgen Breuer as Senior Managing Director – Head of E-Commerce. In his new role, Mr. Breuer will be responsible for executing GFI’s global e-commerce strategy, including the continuing success and development of GFI’s CreditMatch®, ForexMatch™ and other electronic platforms.

Mr. Breuer has been with GFI since 1998, most recently as Senior Managing Director – Head of Asia, with responsibility for GFI’s Asian brokerage operations. Prior to moving to Asia in 2004, Mr. Breuer managed the company's European repo and freight derivatives business in London. Prior to joining GFI, Mr. Breuer held trading positions with Oppenheim, Société Générale and Citibank.

In a related announcement, GFI has appointed Scott Tatham to the post of Managing Director of Asia in replacement of Mr. Breuer. Mr. Tatham will be based in Singapore. Mr. Tatham recently headed up GFI’s Interest Rate Swaps business in New York. Prior to joining GFI in 2005, Mr. Tatham held positions at Harlow and Tullett Prebon.

Colin Heffron, GFI Group President, said, “Jurgen Breuer is a dynamic and forceful manager who has created many successful businesses here at GFI. We are very pleased that he will assume global leadership of GFI’s award-winning technology offerings and we expect that he will take them to the next level of success. I am equally confident that Scott Tatham will ably assume Jurgen’s strong leadership of GFI’s Asian operations.”