Michael Stockman

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Michael Stockman
Occupation Former Chief Risk Officer
Employer MF Global Holdings Ltd.
Location New York

Michael Stockman is the former chief risk officer for bankrupt broker-dealer MF Global Holdings Ltd. He joined the company after the previous chief risk officer, Michael Roseman, disagreed with other MF Global top executives concerning European debt positions.

Stockman testified before the House Committee on Financial Services on Feb. 2, 2012,[1] saying that he did not object to the European debt situation at MF Global until July 2011, just three months before the Oct. 31 collapse.[2] Stockman also said that he does not know the whereabouts of the missing customer money, estimated at $1.2 billion.[3][4]

Background[edit]

Stockman joined MF Global in January 2011. Prior to that, he was a chief risk officer at the American branch of UBS until 2008. He is a visiting scholar at Dartmouth College's Tuck School of Business. In 2008, Stockman spoke to the alumni magazine there regarding the financial crisis, saying that it was not to be blamed on a sole entity or individual, but rather on the combined decisions and missteps of mortgage originators, borrowers and rating agencies.[5]

Education[edit]

  • Darmouth College, Tuck School of Business (1985)[6]

References[edit]