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James Kemp Joins MF Global as Global Head of Foreign Exchange

^{Published on 2011-05-18 05:10:42 - Market Wire}
 

NEW YORK--([ BUSINESS WIRE ])--MF Global Holdings Ltd. (NYSE: MF), a broker-dealer providing trading and hedging solutions, today announced that James Kemp has joined the firm as global head of Foreign Exchange, effective immediately.

"Our Foreign Exchange business represents an integral part of our global product offering and an opportunity to strengthen and expand our overall capital markets business"

aOur Foreign Exchange business represents an integral part of our global product offering and an opportunity to strengthen and expand our overall capital markets business,a said Richard Moore, MF Globala™s managing director of Europe. aIa™m confident that Jamesa™ extensive foreign exchange experience will drive our strategy to increase the firma™s presence in this market and provide greater value for our clients and shareholders.a

Mr. Kemp will be responsible for managing MF Globala™s Foreign Exchange business around the world, helping to advance the firma™s efforts to establish an integrated sales and distribution process and deliver a more complete client offering of capital markets products and services.

Prior to joining MF Global, Mr. Kemp was a co-founder and partner at Cogence Capital LLC, a quantitative foreign exchange trading company. From 2004 to 2007, he was a managing director at Tribeca Global Management, a multi-strategy hedge fund, and was responsible for the funda™s macro foreign exchange and fixed income businesses. He began his career at Citigroup in 1983, where he served in a number of roles, including global head of spot trading and head of foreign exchange in North America.

About MF Global

MF Global (NYSE: MF) is one of the world's leading brokers of commodities and listed derivatives. MF Global delivers trading and hedging solutions as a broker-dealer across all major markets for futures and options, commodities, fixed income, equities and foreign exchange. The firm is one of 20 primary dealers authorized to trade U.S. government securities with the Federal Reserve Bank of New York. The firm provides access to more than 70 exchanges around the world and is a leader by volume on many of the largest derivatives exchanges. MF Global helps clients discover and capitalize on market opportunities by providing actionable insight, market expertise and deep liquidity. For more information, please visit [ www.mfglobal.com ].