MF Global Holdings is officially leaving the brokerage world behind and converting itself into an investment bank. The benefits here are twofold.
First of all, the transition offers MF Global the opportunity to bring in steady revenue that is not as dependent on the market and interest rates, which is good news for the company.
Second, the change means that MF Global will have to expand. And they are ready to grow, having already stated that they, "see limited competition," when it comes to expansion. This is good news for finance professionals - and you might be one of them - as expansion means increased hiring.
-The Finance Whisperer