Amerex Energy Services Hires New Executive Vice President

Jan 05, 2010, 13:11 ET from Amerex Brokers LLC

HOUSTON, Jan. 5 /PRNewswire/ -- Amerex Energy Services, a division of Amerex Brokers LLC, a wholly-owned subsidiary of GFI Group Inc., (Nasdaq: GFIG), has hired Steve Moore as Executive Vice President. Mr. Moore will report to Clay Davis, President of Amerex Brokers LLC and will be based in Houston where he will direct day-to-day operations of Amerex Energy Services. Amerex Energy Services advises large commercial, industrial and institutional groups on various cost saving methods of managing energy expenses and deploying risk mitigation tools.

Mr. Moore comes to Amerex most recently from Wells Fargo where he was part of the Commercial Banking Group focusing on new business development. His experience with several organizations includes significant experience directing sales and organizational growth as well as corporate acquisitions.

"Steve's management and business development experience is a great asset to Amerex Energy Services and its customers. We look forward to continued growth and innovation in the new year under Steve's leadership." said Clay Davis.

About Amerex Energy Services

Amerex Energy Services is a division of Amerex Brokers LLC. Amerex Energy Services is a national energy consultant that provides industrial, commercial and institutional clients with a wide array of sophisticated energy and energy-related financial tools designed to provide a stable platform to manage risk. 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 Amerex Brokers LLC is a wholly-owned subsidiary of GFI Group Inc. (Nasdaq: 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.

    For more information, contact:
    Melissa Mundy
    Marketing Director
    Amerex Brokers LLC

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 Amerex and GFI Group Inc. (collectively, 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.

SOURCE Amerex Brokers LLC