MF Global, the broker spun out of Man Group, has appointed a chief financial officer.
The US brokerage named J Randy MacDonald as CFO yesterday.
MacDonald started his career at Ernst & Young and has been CFO at companies including Investment Technology Group and TD Ameritrade.
MF Global was spun out of Man Group after Man bought large parts of the rump of Refco, the accounting scandal-hit US brokerage.
'We are extremely pleased that, after an extensive search over the past several months, we have been able to attract an executive with Randy's vast industry experience and broad financial knowledge. He is the ideal choice and we're delighted to have him on board,' said Kevin R. Davis, chief executive officer.
'I am impressed with MF Global's business model and its position as a global leader in its space,' said MacDonald.
'While the company has recently faced challenges, Kevin and his team have outlined a very clear path for growth and I look forward to starting to contribute immediately to the company's success.'
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