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.
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