NEWS
GFI Group sets up Manila office
26 February 2013
Category:
News, Asia, Philippines
By Asia Asset Management
GFI Group Inc has opened an office in Manila to focus on the brokering of Philippine government and corporate fixed income products in the domestic market.
Derrick Aquino will head the new Philippines office. Mr. Aquino has been working in local and international financial markets for more than a decade and has been with GFI since 2005. He has worked as a fixed income trader both in Manila and in Hong Kong in major financial institutions. At GFI, he has expanded the firm’s Asian high yield sovereign business and is currently the managing director for Philippine fixed income.
“We are very pleased to announce our new office in Manila and the start of our brokerage operations in the Philippines headed by Derrick Aquino,” said Scott Tatham, GFI managing director and head of Asia. “Derrick’s experience and know-how will contribute greatly to the growth of our business in the local market.”
Mr. Tatham added: “As opportunities arise, we will increase our product offering.”
Mr. Aquino commented: “The Philippines is an area of great potential for us and a natural step in our growth strategy in Asia. Our presence will allow us to offer our expertise and services to one of the fastest growing markets in the region. I am very bullish on the Philippines. I believe our experience in international markets will offer utmost value to the development and expansion of the Philippine financial markets”.
The new office commences operations with ten staff. GFI Group’s network of offices in Asia also includes Japan, Korea, China, Hong Kong and Singapore. Headquartered in New York, the firm 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.
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