Aug. 17, 2009 (Business Wire) -- MF Global Ltd. (NYSE: MF), a leading intermediary offering customized solutions in global cash, derivatives and related markets, has expanded its Fixed Income business and introduced a new Institutional Sales group, adding top talent to its already proven team.

“Growing our fixed income business will create growth and revenue opportunities for MF Global by broadening the depth of our relationships with current clients, as well as expanding the universe of clients we attract,” said Bernard W. Dan, CEO, MF Global. “As we pursue primary dealer status and debt issuance increases around the world, we have been aggressively expanding our Fixed Income group allowing us to offer our expertise in an even broader range of fixed income markets and regions.”

“As a global firm with operations in 14 countries and memberships on more than 70 exchanges and virtually every major clearing corporation, we’re uniquely positioned to leverage our robust infrastructure to solidify MF Global’s position as a leader in the fixed income space,” said Peter McCarthy, global head of Fixed Income at MF Global. “These fundamental strengths, combined with our predominantly agency-only business model and commitment to putting our clients’ interests first, have played an integral part in allowing us to build such a strong team and attract some of the industry’s top talent.”

MF Global has recently added more than 20 professionals to its Fixed Income group in New York and London. Some of the new members of MF Global’s Fixed Income team in New York include the following:

• MacDonald (“Mac”) Budd has joined MF Global as head of Cash Trading. He previously served as managing director of U.S. Treasury Securities at UBS AG. Mark Gannon and Michael Marsallo also have joined the Cash Trading team from UBS AG. Additionally, Rich Bryant has joined the team as a long bond trader from Citigroup Global Markets Inc.
• Brett Benza has joined MF Global as head of Interest Rate Sales. He previously served as managing director of Hedge Fund Sales at UBS AG. Heather Tarrant and Jim Levenson also have joined the Interest Rate Sales team from UBS AG.
• Michael Wieczorek has joined as the head of Finance and Short-term Trading. Prior to joining MF Global, Mr. Wieczorek was a managing director at Nomura Securities, Inc., where he headed the U.S. Dollar Funding, Repo Trading and Short-dated Interest Rates businesses. Matthew Troy also has joined the Finance and Trading team to oversee the Securities Lending business. Previously, Mr. Troy was the director of Global Debt Finance and Securities Lending at Merrill Lynch & Co Inc.
• James McHugh has joined as the head of Credit Trading and Sales.