West Palm Beach (HedgeCo.net) – Hedge fund broker MF Global Ltd. has appointed Michael Roseman as its new chief risk officer.
“Michael has very broad experience managing risk around the asset classes that this company brokers,” said Kevin R. Davis, chief executive officer, MF Global. “I’m delighted that he has decided to join MF Global and believe he will make a strong addition to our executive management team.”
Mr. Roseman is responsible for the overall management of MF Global’s risk department worldwide including market, credit and operational risk. He will also oversee the company’s compliance function and will report directly to the CEO.
Prior to joining MF Global, Mr. Roseman served as chief risk officer for the Americas at Newedge Group. He joined Newedge, then Fimat, USA, in 2004 prior to its merger with Calyon where he oversaw all aspects of risk related to their Americas brokerage business.
MF Global Ltd. is diversified across products, trading markets, customers and regions. Its worldwide client base of more than 138,000 active accounts ranges from financial institutions, industrial groups, hedge funds and other asset managers to professional traders and private/retail clients.
MF Global operates in 12 countries on more than 70 exchanges, providing access to the largest and fastest growing financial markets in the world. It is the leader by volume on many of these markets and on a single day averages eight million lots, more than most of the world’s largest derivatives exchanges.
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