GFI Group Announces the Departure of James Higgins and Appointment of Richard Giles

New York, NY - 1 March 2012

GFI Group Inc. (NYSE: "GFIG"), a leading provider of wholesale brokerage, electronic execution and trading support products for global financial markets, today announced the departure of James Higgins as Head of its North American Fixed Income brokerage operations. Mr Higgins is leaving to pursue new business opportunities.

GFI also announced that Richard Giles, Managing Director and North American Head of Commodities and Energy Brokerage, will assume additional duty as Head of GFI’s North American Fixed Income Brokerage, succeeding Mr. Higgins.

Mr. Giles previously served as GFI’s Head of Credit products in London, where he managed GFI’s brokerage of single-name credit default swaps, credit indices, corporate and high yield bonds, leveraged loans and structured credit. Mr. Giles joined GFI in 1993 and has worked in currency options, energy and credit in both Hong Kong and London.

Colin Heffron, GFI’s President, commented, “Jim Higgins’ tenure at GFI has been extraordinarily successful since his arrival in 2008. It is with great respect that I accept Jim’s decision to seek new challenges.” Mr. Heffron continued, “I am delighted that Richard Giles will step into the role with his enormous energy and deep knowledge of the fixed income and swaps markets.

James Higgins, commented, “I have thoroughly enjoyed my time at GFI. It is a special place and I will miss the camaraderie and support of my GFI colleagues. I am grateful for the opportunity and I wish everyone at GFI success in the future.”

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