north bergen,new jersey 3/24/2010 6:38:33 AM
News / Business

Jon Corzine takes “CEO” title at MF Global Holdings Ltd.

Former New Jersey Governor, Jon Corzine holds Position of Chief Executive Officer at MF Global Holdings Ltd.

Jon Corzine, a former New Jersey governor and a one-time Goldman Sachs Group Inc (NYSE:GS) chief executive, was named CEO of MF Global Holdings Ltd (NYSE:MF), a futures and options broker that has lost money for the last four quarters. Goldman Sachs Group and MF Global Holdings trade on the “New York Stock Exchange” under the stock symbols “GS” and “MF”.  For More information regarding the Goldman Sachs or MF Global Holdings, make sure to visit the Most Exclusive and In Depth newsletter website at:   http://www.wallstreetgrand.com/.

 

 

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Jon Corzine, a former New Jersey governor and a one-time Goldman Sachs Group Inc (NYSE:GS) chief executive, was named CEO of MF Global Holdings Ltd (NYSE:MF), a futures and options broker that has lost money for the last four quarters.

MF Global shares soared 9 percent on the news that Corzine, 63, would replace Bernard Dan, who the company said resigned for personal reasons after holding the job for less than two years. Corzine will also replace Chairman Alison Carnwath, who is retiring. Jon Corzine will be faced with turning around a company that has struggled to turn a profit and was reeling from scandal after a trader racked up $141 million of losses in wheat futures.

Jon Corzine, who lost his re-election bid in New Jersey last year, joined Goldman Sachs as a bond trader in 1975 and worked his way up to co-CEO alongside Hank Paulson. Corzine played a key role in helping Wall Street's dominant bank become publicly traded in 1999. The Illinois native was ousted by Paulson, who went on to become U.S. Treasury secretary.

 

 

 

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