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MF Global appoints two board members

MF Global appoints two board members

MF Global, an intermediary offering solutions in global cash, derivatives and related markets, has appointed David P. Bolger and David Gelber to its board of directors.

Gelber will replace Lawrence Schloss as chairman of the compensation committee.

Schloss was recently appointed as deputy comptroller for pensions and chief investment officer for the City of New York and has stepped down from the board, effective immediately, to dedicate his time to his new position.
Bolger was chief operating officer of Chicago 2016, a not-for-profit entity that sought to bring the 2016 Olympic and Paralympic Games to Chicago. From 2003 to 2008, he served as executive vice president and chief financial officer of Aon, an insurance and reinsurance intermediary.

Prior to joining Aon, Bolger served in various capacities with Bank One Corporation and its predecessors, including as president of American National Bank & Trust Company of Chicago and treasurer of First Chicago.

Bolger serves on the boards of the Chicago History Museum, Lincoln Park Zoo, Merit School of Music, World Sport Chicago and MB Financial, all of which are based in Chicago.

Gelber was director and chief operating officer of Icap, the inter-dealer money broker, from 1994 until retirement in 2005. During his tenure, he was instrumental in taking the company through two mergers, first with Exco then with Garban.

Prior to Icap, Gelber held a variety of senior trading positions in the foreign exchange and derivatives businesses at Citibank, Chemical Bank and HSBC, where he also served as the chief operating officer of HSBC Global Markets from 1989 to 1994.

Gelber served on the board of directors at the International Swaps and Derivatives Association, from 1988 to 1994. Currently, he is a non-executive director of IPGL and serves as a non-executive director with a number of IPGL’s investee companies. He also holds non-executive directorships with eSecLending, GlobeOp Financial Services and Altus Resource Capital. He is chairman of Walker Crisps Group.

“We are pleased to welcome David Bolger and David Gelber as key additions to the board,” says Alison Carnwath (pictured), chairman of the board of directors, MF Global. “Both bring deeply relevant, strategic leadership as well as technical expertise from within the financial industry. Their respective track records will bring unique insights and an independent perspective to MF Global’s business and stakeholders as we continue to enhance our position as a world leader in the cash and derivatives markets.”

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