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MF Global Starts Japan Brokerage to Fill ‘Gap’ as Rivals Exit

Bloomberg – MF Global Ltd., the securities firm spun off from the largest publicly traded hedge-fund manager, is opening a brokerage in Japan to take advantage of a void left by rivals exiting the world’s No. 2 equity market.

The firm will start in Tokyo this month with 25 employees including about seven analysts and 10 employees in sales and trading, Graham Elliott, the managing director of the new venture, said in an interview. Japan will be the fourth market in which Bermuda-based MF will offer equity research, he said.

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