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
Other commodities moves at BTG Pactual, Koch S&T, Mercuria & Trafigura
Twelve-strong advisory committee drawn from industry, academia and public interest groups
Kieron Smith joins French bank after structured products acquisition
UK bank's head of quantitative analytics leaves after 10 years
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.