GFI GROUP INC. ANNOUNCES THE APPOINTMENT OF NEW HEAD

NEW YORK, GFI Group Inc. (Nasdaq: GFIG) announced today the appointment of Julian
Swain as Head of GFI's London operations and Marc Souffir as Head of GFI's
Paris operations. Mr. Swain and Mr. Souffir will each report to Colin
Heffron, GFI's President.


Mr. Swain, 40, has served as GFI's Managing Director -- Europe since July
2006. In that position, Mr. Swain assisted in the management of GFI's
day-to-day operations in Europe. Mr. Swain joined GFI in 2001 as head of
GFI's European credit products group and oversaw the roll-out of GFI's
CreditMatch(R) electronic trading platform. Prior to joining GFI, Mr. Swain
was with ICAP PLC where he managed various credit products teams.


Mr. Souffir, 34, joined GFI at the end of 2005 to establish GFI's Paris
operations. Prior to that, he was the managing director of Refco's Paris
office. Before working at Refco, Mr. Souffir was a manager of various
equities, equity derivatives and financial futures products at IFF, a
division of AXA.


The appointments of Mr. Swain and Mr. Souffir coincide with the departure
of Steve McMillan, who will leave GFI with effect from April 15, 2007. Mr.
McMillan joined GFI as global COO in 2000 and served as Head of European
Operations since 2004. Mr. McMillan has informed GFI that he intends to
pursue new entrepreneurial opportunities that are not competitive with GFI's
business. Mr. McMillan will be working closely with GFI through the period of
his departure.


Michael Gooch, Chairman and Chief Executive Officer of GFI stated: "As
GFI's business continues to expand in Europe and throughout the globe, we are
pleased to have highly qualified managers to lead the ongoing growth of our
operations. Julian and Marc are well qualified for their new roles bringing a
wealth of experience and proven leadership skills. They are welcome additions
to our senior management team."


Mr. Gooch added, "Steve McMillan has played an important role at GFI in
our evolution to a technology-enhanced OTC derivatives platform and enjoys
the respect and admiration of our entire firm. We wish him every success in
his next endeavors."


About GFI Group Inc. www.GFIgroup.com


GFI Group Inc. (www.GFIgroup.com) is a leading inter-dealer broker
specializing in over-the-counter derivatives products and related securities.
GFI Group Inc. provides brokerage services, market data 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
1,400 people with additional offices in London, Paris, Hong Kong, Seoul,
Tokyo, Singapore, Sydney, Cape Town, Englewood (NJ), and Sugar Land (TX). GFI
provides services and products to over 2,000 institutional clients, including
leading investment and commercial banks, corporations, insurance companies
and hedge funds. Its brands include GFI(TM), Starsupply(R), GFInet(R),
CreditMatch(R), FENICS(R) and Amerex(R).


Forward-looking statements


Certain matters discussed in this press release contain forward-looking
statements within the meaning of the Private Securities Litigation Reform Act
of 1995. When used in this press release, the words "anticipate," "believe,"
"estimate," "may," "might," "intend," "expect" and similar expressions
identify such forward-looking statements. Actual results, performance or
achievements could differ materially from those contemplated, expressed or
implied by the forward-looking statements contained herein. These
forward-looking statements are based largely on the expectations of the
Company and are subject to a number of risks and uncertainties. These
include, but are not limited to, risks and uncertainties associated with:
economic, political and market factors affecting trading volumes, securities
prices or demand for the Company's brokerage services; competition from
current and new competitors; the Company's ability to attract and retain key
personnel, including highly-qualified brokerage personnel; the Company's
ability to identify and develop new products and markets; changes in laws and
regulations governing the Company's business and operations or permissible
activities; the Company's ability to manage its international operations;
financial difficulties experienced by the Company's customers or key
participants in the markets in which the Company focuses its brokerage
services; the Company's ability to keep up with technological changes; and
uncertainties relating to litigation. Further information about factors that
could affect the Company's financial and other results is included in the
Company's filings with the Securities and Exchange Commission. The Company
does not undertake to publicly update or revise any forward-looking
statements, whether as a result of new information, future events or
otherwise.


Web site: http://www.GFIgroup.com