MF Global, the interdealer broker that lost $141.5 million in a rogue trading incident earlier this year, has named Randy MacDonald as its new chief financial officer (CFO).
MacDonald replaces interim CFO Ira Polk, who continues to serve as chief administrative officer. Polk stepped in after the resignation in January of the former CFO, Amy Butte.
MacDonald was previously CFO and treasurer at TD Ameritrade, becoming chief operating officer in 2006.
MF Global's internal controls were called into question earlier this year when a single broker, trading on his own account, made unauthorised losing trades in wheat futures that left the company to cover his $141.5 million losses.
More on People
Bank veterans Bristow and Pluta promoted to global co-heads, reporting to Rohrbaugh
US firm recruits externally as it looks to boost savings business
US bank parts company with 15-year veteran who moves to the buy side
Chris Leone and Dushyant Chadha replace Paul Galietto
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.