RJ O’Brien snaps up The Kyte Group

Wholesale broker strengthens European business

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Recently acquired GFI Group has begun to sell off some of its key assets with the sale of derivatives-clearing agent The Kyte Group to RJ O'Brien (RJO) Europe for an undisclosed fee. The deal is expected to be completed by March 17.

David Mudie, chief executive of RJO Europe's UK subsidiary, will hold the same role at the new entity, which will operate under the name of RJ O'Brien Limited.

Kyte executive Thomas Texier will lead operations at both UK subsidiaries. Peter Green, who has served as

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