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MF Global keeps adding to management team, David Simons now global head of operations

Tuesday, July 05, 2011
Opalesque Industry Update - MF Global Holdings Ltd. (NYSE: MF), a broker-dealer providing trading and hedging solutions, today announced David Simons has joined the firm as global head of Operations, effective immediately.

In this role, Mr. Simons will oversee the management and strategic development of trade processing and clearing operations around the world. He will report to Bradley Abelow, president and chief operating officer, MF Global.

"David is an outstanding leader with a deep understanding of the nuances and complexities of the global financial marketplace," said Mr. Abelow. "I have worked with David, observing firsthand how he successfully manages a variety of operational functions. His experience and track record of leadership are a welcome addition to the management team of MF Global as we continue our transition to a full-service investment bank."

Prior to joining MF Global, Mr. Simons was a managing director at Goldman Sachs, where he spent 24 years in a variety of roles and leadership positions in operations, spanning a number of businesses in the Asset Management and the Fixed Income, Currency and Commodities divisions. Over the course of his tenure at Goldman Sachs, Mr. Simons worked in London, Hong Kong, Tokyo, Bangalore and New York.

Prior to Goldman Sachs, Mr. Simons was at the American Stock Exchange.

(press release)

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