BGC Partners Subsidiary Acquires Ginalfi Finance
BGC France Holdings, a subsidiary of BGC Partners, Inc. (NASDAQ: BGCP) ("BGC Partners" or "BGC"), today announced that it has acquired Ginalfi Finance, an interdealer broker based in Paris specializing in the intermediation of money markets products, credit bonds, government bonds and SWAPs.
"I'm delighted to announce the acquisition of Ginalfi Finance which makes strong strategic sense as we seek opportunities to expand our French business," commented JP Aubin, Executive Managing Director and Global Head Listed Products & Structured Solutions and General Manager, Continental Europe. He continued: "Ginalfi Finance's existing client base and interdealer services complement BGC Aurel's brokerage business. We look forward to exploring cross-selling opportunities, increasing our portfolio of products and improving cost structures across both companies."
Alain Jouffroy, President and CEO of Ginalfi Finance commented: "We are excited to join BGC, which is reputed for its depth and breadth of global brokerage services. We look forward to providing our clients with exceptional service, a wider portfolio of products, and sophisticated trading solutions with BGC's premier technology platform."
Ginalfi Finance was founded in 1984 and provides a variety of fixed income products to its clients, including the brokerage of depos, repos, commercial