Broker dealer MF Global has appointed Citi veteran Richard Moore as regional CEO and managing director of Europe.
Moore will begin his role on 1 April and will be responsible for developing the firm’s pan-European growth strategy as well as overall business activities in the region. He will be a member of the global management committee and European board of directors.
Moore has over 25 years of experience within the financial services industry. He was previously principal and senior advisor at alternative investments firm StormHarbour Partners and before that, from 1986 to 2008, worked at Citi. In his most recent position at Citi he was head of fixed income, Europe, Middle East and Africa, responsible for 1,800 banking professionals in sales and trading, marketing, development and distribution.
“Richard’s extensive background across financial services – and particularly his experience with the European investment bank model – will bring the insight and perspective necessary to expand our growth opportunities,” says Jon Corzine, MF Global chairman and CEO. “Europe represents a vital part of our global strategy as we transition our firm and European operations to a commodities and capital markets-focused global investment bank.”
Moore will succeed Charles Pendred, who has been serving as interim managing director of Europe since October 2010. Upon Moore’s appointment, Pendred will resume his duties as an independent director and non-executive chairman of the firm’s European board of directors.