MF Global Singapore unit appoints KPMG to oversee liquidation
SINGAPORE Nov 1 (Reuters) - MF Global's Singapore unit said on Tuesday it has appointed KPMG to oversee the winding down of the company.
The brokerage, which filed for bankruptcy in the United States on Monday, said that the liquidators would try to recall all of its customers' assets wherever they were situated.
"The provisional liquidation of the company does not detract from the proprietary rights of its customers, particularly in respect of monies already placed in segregated funds," it said in a statement.
Singapore Exchange (SGX) said in a separate statement that the appointment of KPMG does not affect the transfer of customers' derivatives positions on SGX from MF Global to other clearing members.
- Target says data from 40 million cards stolen in holiday period
- UPDATE 3-Saab wins Brazil jet deal after NSA spying sours Boeing bid
- Special Report: Why Ukraine spurned the EU and embraced Russia
- Facebook, Zuckerberg, banks must face IPO lawsuit: judge
- U.S. prosecutor defends treatment of Indian diplomat |