MF Global has relocated from Bermuda to Delaware and changed its name to MF Global Holdings.
MF Global Chief Executive Officer, Bernard W. Dan, said, “This step is part of our strategy to increase the value we deliver to our global clients and further improve our competitive position. We expect changing our corporate domicile will increase our flexibility to respond to the current and anticipated regulatory landscape. In addition, this action supports our growth strategies, and more specifically, our focus on diversifying our business within financial services.”
The move has a direct link to MF Global recently submitting an application to the New York Fed to become a primary dealer.