MF Global Holdings, which offers customized solutions in global cash, derivatives and related markets, said that MF Global, the parent company of all MF Global companies, moved its corporate quarters from Bermuda to Delaware and changed its name to MF Global Holdings.
According to a release fromt the firm. the corporate domicile and name changes do not affect the firm's day-to-day business and operations, and clients will continue to work with the same MF Global teams and entities around the world. Furthermore, it said that MF Global believes that the change will not materially impact its financial results.
“This step is part of our strategy to increase the value we deliver to our global clients and further improve our competitive position," MF Global Chief Executive Officer Bernard W. Dan said. "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.”