New York, January 20, 2010 - Christopher Street Capital and Credaris, the credit specialist asset manager, are pleased to announce a cooperation agreement to operate in the fixed income advisory space.
Iain Baillie, head of Christopher Street Capital’s European Fixed Income group commented: “This is a very exciting step forward in the evolution of our business. We are always looking at ways to structure ourselves to better serve our clients” and added, “Credaris’s reputation for top quality credit analysis and state of the art structured credit pricing technology will be a massive boost to our ability to deliver a first class service to our clients”.
Andrew Donaldson head of Credaris said “We believe there is a virtuous circle that can be established between the two businesses which will be of great benefit to our respective clients. While both companies will retain their independence and specialist expertise we aim to work together where a client needs a more complicated solution involving advisory, management and execution services, particularly of complex portfolios of legacy assets .”
The latest announcement comes on the back of recent developments at Christopher Street Capital which include the addition of a structured credit team under the leadership of Edward Cahill and the relocation of the Fixed Income team to new offices at 85 London Wall further cementing its independence and separation from the inter-dealer brokerage arm of the firm.
Christopher Street Capital is a division of GFI Securities Limited, regulated by the FSA and a subsidiary of the GFI Group Inc. (NASDAQ:”GFIG”).
About GFI Group Inc. www.GFIgroup.com
GFI Group Inc. (NASDAQ: “GFIG”) is a leading provider of wholesale brokerage, electronic execution and trading support products for global financial markets. GFI Group Inc. provides brokerage services, market data, trading platform and analytics software products to institutional clients in markets for a range of credit, financial, equity and commodity instruments.
Headquartered in New York, GFI was founded in 1987 and employs more than 1,700 people with additional offices in London, Paris, Hong Kong, Seoul, Tokyo, Singapore, Sydney, Cape Town, Santiago, Dubai, Dublin, Tel Aviv, Calgary, Englewood (NJ) and Sugar Land (TX). GFI Group Inc. provides services and products to over 2,100 institutional clients, including leading investment and commercial banks, corporations, insurance companies and hedge funds. Its brands include GFI SM, GFInet®, CreditMatch®, GFI ForexMatch®, EnergyMatch®, FENICS®, Starsupply®, Amerex®, and Trayport®.
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