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
Roos to head equity sales and prime finance at Citi, and other moves
French bank, JP Morgan and Nomura have all lost senior clearing execs in past month
Paul Hopkin moves to Institute of Risk Management
Bank veterans Bristow and Pluta promoted to global co-heads, reporting to Rohrbaugh
Sign up for Risk.net email alerts
Sponsored video: MarketAxess
Sponsored video: Tradeweb
Multifonds talks to Custody Risk on being nominated for the Post-Trade Technology Vendor of the Year at the Custody Risk Awards 2014
Sponsored webinar: IBM Risk Analytics
There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.