Bernard Dan has joined interdealer broker MF Global as chief operating officer of the company’s North American business.
This appointment comes after MF Global announced in February it had lost $141.5 million due to a US-based rogue trader at the firm.
Dan will take responsibility for technology and operations, including the control environment and overall administration, for all the broker’s North American operating entities. He will also join the company’s global executive management committee.
Dan previously headed the Chicago Board of Trade, serving as president and chief executive officer from November 2002 until July 2007, when he left upon completion of the merger with the Chicago Mercantile Exchange. The broker also hired a new chief financial officer, Randy MacDonald, in April.
More on People
Former SG Asia sales head Nicolas Reille joins Natixis in Hong Kong
Other commodities moves at Citi, Danske Commodities & Marex Spectron
New office will use data-driven tools to assist the US regulator
Bank remains committed to agricultural commodities business
Sign up for Risk.net email alerts
Nominated for two technology awards
Nominated for post trade technology award
Sponsored webinar: Collateral and counterparty tracking
Isda directors warn on fragmentation, access and liquidity - but expect problems to pass
There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.