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MF Global Appoints Mike Blomfield Managing Director of Asia Pacific

^{Published on 2010-11-03 04:20:35 - Market Wire}
 

NEW YORK--([ BUSINESS WIRE ])--MF Global Holdings Ltd. (NYSE: MF), a leading commodities broker-dealer, offering trading and hedging solutions across a broad set of asset classes, today announced it appointed Mike Blomfield as Managing Director of Asia Pacific.

"Mike has the right combination of industry experience and leadership skills to translate these opportunities into tangible results."

In his leadership role, Mr. Blomfield will further develop and lead the firma™s Asian growth strategy as well as assume overall responsibility for business activities in the region. He will be based in Singapore and begin November 15, 2010.

aOne of our greatest opportunities is in Asia Pacific where we are actively expanding our offering and reach to leverage the regiona™s strong economic growth, high savings rate and on-going market evolution,a said Jon S. Corzine, chairman and chief executive officer of MF Global. aMike has the right combination of industry experience and leadership skills to translate these opportunities into tangible results.a

Mr. Blomfield has nearly two decades of experience in financial services including banking, equities and derivatives-related activities. He was formerly Head of Commonwealth Bank of Australiaa™s (CBA) CommSec (Australiaa™s largest retail brokerage), Head of CBAa™s Equities Division and most recently the chief executive officer of Dendiri Advisory Pty Ltd., a consulting practice providing buy-side mergers and acquisitions and strategy advice to financial services businesses primarily in China and Indonesia. He is a former Director of the Australian Securities and Derivatives Industry Association (now named the Australian Stockbrokersa™ Association).

In the Asia Pacific region, MF Global serves both institutional and retail clients across multiple asset classes representing 14 percent of the firma™s net revenues as of first fiscal quarter 2011. MF Globala™s principal Asia Pacific offices are located in Hong Kong, Singapore, Tokyo, Sydney, Mumbai and Taipei.

Karel Harbour, who has been serving as interim managing director of Asia Pacific, will continue in his role as director of operations until his planned retirement from MF Global at the end of November 2010.

Recent Business Developments in Asia Pacific

Expanded Equities Business in Europe and Asia, Increased China Research Offering

In line with the firma™s corporate strategy, the MF Global Equities offering is shifting to a broader financial services model with a focus on providing clients high-quality, money-making ideas, strategies and execution options. To this end, fiscal year-to-date, the Equities group has hired 70 experienced professionals, including more than 10 new research analysts in Europe and Asia, with several more analysts scheduled to join over the next few months. As part of the expansion, the firm is initiating a comprehensive research offering in Hong Kong, providing analysis of Greater China-based companies. Analysts in Europe and Asia are supported by new sales trading hires in Singapore, Tokyo, London and New York.

MF Global Launches Taiwana™s First Managed Futures Fund

In September, MF Global launched the first actively managed futures trust fund in Taiwan. The MF Global Multi-Strategy Fund is available to institutional and retail investors in Taiwan looking to diversify their holdings across market sectors and manage market risk.

About MF Global

MF Global Holdings Ltd. (NYSE: MF), a broker-dealer in derivatives and cash markets, provides market participants with trading and hedging solutions. Building on a history that extends more than 225 years, MF Global is a leader in providing institutional and retail clients with access to the worlda™s commodities and financial futures markets as well as to fixed income, equities and foreign exchange markets. The firm offers its global client base actionable market insight and expertise as well as access to deep liquidity. MF Global provides access to more than 70 exchanges and is a leader by volume on many of the largest derivatives exchanges around the world. For more information, please visit[ http://www.mfglobal.com ].