Item 5.02.  Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(c)     On March 17, 2008, GLG Partners, Inc. (the “Company”) announced that its board of directors has elected Simon White as the Company’s Chief Operating Officer and Jeffrey M. Rojek as the Company’s Chief Financial Officer, replacing Mr. White in that position, each effective March 18, 2008. A copy of the Company’s press release dated March 17, 2008 is filed herewith as Exhibit 99.1 and incorporated herein by reference.

    Mr. White, age 48, has served as the Company’s Chief Financial Officer since November 2, 2007. Mr. White was Chief Operating Officer of GLG Partners LP from September 2000 to June 2007. From 1997 to September 2000, he worked at Lehman Brothers as Executive Director and Branch Manager of the GLG Partners division. From 1995 to 1997, he was Chief Administrative Officer of Lehman Brothers’ European high net worth business. From 1993 to 1995, he was European Controller at Lehman Brothers. Prior to 1993, Mr. White worked at Credit Suisse First Boston and PaineWebber in a number of senior business and support roles in their London and New York offices. Mr. White is a chartered accountant and a fellow of the Institute of Chartered Accountants and has worked in the financial services business since 1986.

    Mr.  Rojek, age 38, was an Audit and Advisory partner in the New York Financial Services practice of KPMG LLP from July 2006 to March 2008 and an audit partner on various client engagements based in New York, as well as the global lead partner on a large advisory and tax client of KPMG. During his tenure at KPMG, Mr. Rojek spent over fifteen years serving Global Banking and Investment Banking and related financial services clients. From July 2004 to July 2006, Mr. Rojek was in KPMG’s National Office advising on audit and accounting issues relating to debt, equity, derivatives and other financial instruments. From April 2001 to June 2004, he was based in KPMG’s Singapore office as the regional lead partner on various client engagements. Mr. Rojek has an M.B.A. from Columbia University and a B.S. from Fordham University.

        Under the terms of his existing employment agreement with the Company, Mr. White receives an annual salary of $500,000 and other benefits as set forth in the employment agreement. Mr. White is also eligible to receive a discretionary bonus and to receive equity incentive awards, including under the Company’s 2007 Long-Term Incentive Plan (“LTIP”). Mr. White also participates in the limited partner profit share arrangement and equity participation plan described in the Company’s definitive proxy statement dated October 12, 2007 (the “Definitive Proxy Statement”) in the sections entitled “GLG Management’s Discussion and Analysis of Financial Condition and Results of Operations—Expenses—Employee Compensation and Benefits and Limited Partner Profit Share” and “—Limited Partnership Profit Share”, which information is incorporated herein by reference. On November 2, 2007, Mr. White’s interest letter with Laurel Heights LLP was amended to provide that he will no longer receive any partnership draw from Laurel Heights LLP, but he will continue to be eligible for discretionary partnership profit allocations.

        The description of certain relationships and related transactions between Mr. White and the Company contained in the sections of the Definitive Proxy Statement entitled “Summary—The Acquisition—Interests of Freedom Directors and Officers in the Acquisition” “Summary—

2