Kevin Davis

From MarketsWiki

Kevin Davis
Occupation	CEO
Employer	MF Global
Location	New York
Web site	http://www.mfglobal.com/home/default.aspx

Kevin Davis is CEO of MF Global, the derivatives brokerage formerly known as Man Financial which was spun off from Man Group in July 2007. He is also chairman of the US Futures Exchange, a director of LCH.Clearnet and a member of the CFTC Global Markets Advisory Commission.

Background

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New York-based Davis, a British national, headed Man Group’s brokerage operations from 1999.^[1], and retained the role when the unit was restructured and taken public through an initial public offering.

Davis has almost a quarter-century experience in the derivatives sector, starting his career as a runner on the floor of the Chicago Board of Trade with the Henry Shatkin Trading Company after graduating from the University of Kent with a BA.

MF Global expansion through a series of 18 acquisitions since 1999 has created the world’s largest non-bank derivatives broker and made Davis one of the most prominent industry figures, with often outspoken views on asset convergence, exchange consolidation and the development of the retail market, in which his company is now a global market leader.

Davis held management positions with several derivatives brokers including Prebon Yarnane, Balfour Maclaine and E-Bailey Commodities before joining Man Group in 1991. He was appointed to build the European interest-rate futures business at what was then known as ED&F Man International, and headed global interest rate futures from 1994 before becoming the unit’s European CEO in 1997.

He became CEO of ED&F in late 1999, joining the Man Group board in April 2000 while the brokerage business was rebranded as Man Financial. He left the group board following MF Global’s IPO.

Davis received total compensation of $17.68 million in fiscal 2007, including a salary of $640,833, a $9 million bonus and share and option awards.

Davis, an avid supporter of Chelsea FC, the British football team, lives in New York with his family and is a director of New York City Meals on Wheels and member of the board of overseers at Albert Einstein College of Medicine.