3/24/2010-Shares of MF Global Holdings MF are trading 17.5% higher in premarket Wednesday after former New Jersey Governor Jon Corzine, who ran Goldman Sachs Group GS from 1994 to 1999, accepted an offer to be appointed chairman and CEO of the futures and options broker.
"MF Global is a firm with tremendous potential and excellent talent," said Mr. Corzine. "I see a substantial opportunity for the firm to expand its leadership position in serving clients globally in cash and derivatives markets. I look forward to working with MF Global's team to set a strategic path that will take the firm to new levels of growth, profitability and reputation. We will continue to provide the highest level of service to our clients, create new opportunities for employees and grow shareholder value. Profitability and responsibility must go hand in hand with growing our franchise."
Write to Chip Brian at cbrian@tradethetrend.com
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