67 WALL STREET, New York - April 1, 2013 - The Wall Street Transcript has just published its Investment Banks and Asset Management Report offering a timely review of the sector to serious investors and industry executives. This special feature contains expert industry commentary through in-depth interviews with public company CEOs and Equity Analysts. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.
Topics covered: Consistent BDC Dividend Yield - Private Middle Market Funding - Decreased Bank Loan Competition - Exchanges Trading Volumes and Cash Flow - Increase In Investor Risk Tolerance - Asset Growth - Capital Flow Into Equities - Fixed Income Bonds
Companies include: GFI Group Inc. (GFIG) and many more.
In the following excerpt from the Investment Banks and Asset Management Report, the CEO of GFI Group Inc. (GFIC) discusses company strategy and the outlook for this vital sector:
TWST: You've recently been appointed CEO. Tell us a bit about your professional background. And, what are your top strategic goals in your first year as CEO?
Mr. Heffron: I've been at GFI since 1988. I served in the currency derivatives business in London for nearly 10 years, and then I opened up our credit business. I went over in 1988 to open up the London office with another employee. And after staying for 16 years, with a combination of high-yield bonds and CDs, in 2004 I was promoted to Global President in advance of GFI's 2005 IPO.
We went public in 2005, and as President I took over both operations and technology, having originally been in charge of all revenue-producing units. And that's what I've been doing pretty much since 2005.
And more recently, our board decided to change the structure of the management, appointing me CEO of the Group globally. And Mickey, who I've worked with for 25 years, is now my Executive Chairman. I oversee the entire company of over 2,000 people. We have five main brokerage businesses: credit, equity, energy, FX and interest rates. We also have software, analytics and clearing businesses.
TWST: What are some of your top strategic goals for this year?
Mr. Heffron: We've got a lot of regulation that's due to come out over the course of the year, so strategically we've been getting ready for that over the last 18 months, and we continue to be very wel- prepared for when the regulation is passed. We have a good understanding of where the forks in the road are, and we're prepared to go either way and successfully navigate to grow our business...
For more of this interview and many others visit the Wall Street Transcript - a unique service for investors and industry researchers - providing fresh commentary and insight through verbatim interviews with CEOs, portfolio managers and research analysts. This special issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.
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