Karel Harbour has been promoted to chief operating officer for New York-based derivatives broker MF Global.Harbour will remain in London, where he was most recently chief operating officer for the company's European business, and will report to Bernard Dan, the firm's chief executive.
The appointment, made on Monday, was part of a broader management reshuffle at the New York firm following heavy second-quarter losses of $8.2 million from exposure to Lehman Brothers.
Dan previously held the position of chief operating officer but took over from Kevin Davis as chief executive on October 29. Additionally, on October 31, Avram Kornberg was appointed as the new chief information officer.
More on People
Boyle chosen as replacement for Yates
Jeremy Elliott and Hunter Baldwin become co-heads of energy
Other commodities moves at Citi, BNP Paribas & GDF Suez
Boyle replaces Yates at Citi, as Baml picks up Stolz and Lee
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.