Kevin Davis, chief executive of futures and options brokerage MF Global, has resigned from the company and its board of directors.
Bernie Dan, president and COO of MF Global, will take over as CEO. Dan used to be CEO of the Chicago Board of Trade.
“It has been my privilege to work at MF Global for the past two decades and to have led it for the past 10 years,” said Kevin Davis in a statement. “I believe that it is now the right time for me to explore new opportunities. I remain proud...