Aug. 31, 2009 (Business Wire) -- MF Global Ltd. (NYSE: MF), a leading intermediary offering customized solutions in global cash, derivatives and related markets, has appointed Paul G. Farrell as global head of Foreign Exchange, effective immediately.
“As we work to increase our leadership role in foreign exchange markets around the world, Paul will play a critical role in enhancing MF Global’s efforts to grow this business while maintaining the high level of service and access we already provide clients 24-hours a day,” said Bernard W. Dan, chief executive officer, MF Global. “I am confident that Paul’s considerable experience and strong relationships will enable him to drive our expansion strategy, particularly in the Asia-Pacific region, as well as to discover and seize opportunities for clients in the foreign exchange markets.”
Mr. Farrell, who has nearly 35 years of financial services experience, will be responsible for managing MF Global’s foreign exchange business across all customers, products and geographies around the world. He will be based in New York, overseeing foreign exchange teams in London, New York, Chicago, Singapore, Hong Kong, Tokyo and Sydney.
Before joining MF Global, Mr. Farrell held several management positions at JPMorgan Chase from 1973 to 2008. As a Managing Director, he was head of a number of Foreign Exchange Sales and Trading teams. He has played a key role in building and enhancing JPMorgan’s Foreign Exchange business from the ground level up during the last 20 years.
ABOUT MF GLOBAL
MF Global Ltd. (NYSE: MF), is a leading intermediary offering customized solutions in global cash, derivatives and related markets. It provides execution and clearing services for exchange-traded and over-the-counter derivative products as well as for non-derivative foreign exchange products and securities in the cash market. MF Global is uniquely diversified across products, trading markets, customers and regions. Its worldwide client base includes financial institutions, industrial groups, hedge funds and other asset managers as well as professional traders and private/retail clients. MF Global operates in 14 countries on more than 70 exchanges, providing access to some of the largest financial markets in the world and is the leader by volume on many of these markets. For more information, please visit www.mfglobal.com.
