Kevin R. Davis

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Kevin Davis
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Occupation Founder
Employer First Workings
Location New York
Twitter @@FirstWorkings
Website https://www.firstworkings.org/

Kevin Davis is a former derivatives brokerage executive and exchange leader who is the founder and chairman of First Workings, a charity helping high school students find internships in New York City. He is also an adjunct professor at NYU Graduate School of Arts and Sciences.

Davis is a former CEO of MF Global,[1][2] the derivatives brokerage formerly known as Man Financial which was spun off from Man Group in July 2007. He resigned as CEO of MF Global on October 29, 2008 and was replaced by former CBOT Chief Executive Bernard Dan. MF's market value had fallen 93% since January 2008 following a trading scandal and dilutive refinancing.[3] [4][5][6]

While CEO of MF Global, Davis was also chairman of the US Futures Exchange. He is a former director of LCH.Clearnet[7][8] and a former member of the CFTC Global Markets Advisory Committee.[9]

Background[edit]

New York-based Davis, a British national, headed Man Group’s brokerage operations from 1999.[10], 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.[11]

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.

Resources[edit]

F-1 Registration statement. MF Global.

References[edit]

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