E D & F Man International Inc to Become Man Financial Inc

Apr 02, 2001, 01:00 ET from Man Financial Inc

    CHICAGO, April 2 /PRNewswire/ -- E D & F Man International, the brokerage
 division of the Man Group, has announced that it will change its name to Man
 Financial Inc on March 31, 2001.  With offices in 11 countries, Man Group is
 an internationally recognized asset management and brokerage firm specializing
 in futures, securities, options, foreign currencies, mutual funds, hedge funds
 and other alternative investments.  At the same time, Jack Carl Futures -- one
 of the world's largest discount futures brokers -- will also change its name.
 Jack Carl customers will become Man Financial clients as part of the Retail
 Futures Division.  This will allow clients to communicate with one company for
 all their investment needs.  The new name is part of Man Financial's 2001
 business strategy to make its financial services more accessible to
 institutional and retail investors.
     "Under the Man Financial umbrella we will continue to offer our clients
 global expertise in trading futures, securities, options and other financial
 products," said Paul Finnegan, Vice President Marketing/Business Development.
 "Our name change reflects our continued commitment to provide financial
 guidance in an ever-changing marketplace."
     That changing marketplace includes the recently-passed Commodity Futures
 Modernization Act of 2000, which repeals the 1982 Shad-Johnson accord that
 banned the trading of single stock futures.  The Modernization Act allows for
 the trading of futures on individual stocks and will permit the U.S. futures
 market to compete with foreign markets in the changing investment landscape.
 Currently, the Commodity Futures Trading Commission (CFTC) and Securities &
 Exchange Commission (SEC) are negotiating regulatory responsibility for the
 new products.  However, trading of stock futures will commence for
 institutional customers in the middle of August 2001, while retail customers
 gain access in December 2001.
     "As a result of this legislation, the American investor will soon be able
 to realize the potential for increased benefits by trading stock futures and
 stock options," said Finnegan.  "The Commodity Futures Modernization Act of
 2000 will allow investors to participate in an entirely new playing field in
 which Man Financial is uniquely qualified to advise."
     Man Financial is the futures and securities brokerage division of the Man
 Group, an international asset management and brokerage firm that dates back to
 1783.  Man Financial has offices in major financial centers in North America
 and worldwide.  With over 1,200 employees, Man Financial has over
 $2.8 billion of institutional and private client funds held in segregation.
 Man Financial is one of the world's leading futures and options brokers,
 offering a wide range of hedging and investment products -- including futures,
 securities, options and foreign exchange -- and holds memberships on principal
 securities and futures exchanges worldwide.
 
 

SOURCE Man Financial Inc
    CHICAGO, April 2 /PRNewswire/ -- E D & F Man International, the brokerage
 division of the Man Group, has announced that it will change its name to Man
 Financial Inc on March 31, 2001.  With offices in 11 countries, Man Group is
 an internationally recognized asset management and brokerage firm specializing
 in futures, securities, options, foreign currencies, mutual funds, hedge funds
 and other alternative investments.  At the same time, Jack Carl Futures -- one
 of the world's largest discount futures brokers -- will also change its name.
 Jack Carl customers will become Man Financial clients as part of the Retail
 Futures Division.  This will allow clients to communicate with one company for
 all their investment needs.  The new name is part of Man Financial's 2001
 business strategy to make its financial services more accessible to
 institutional and retail investors.
     "Under the Man Financial umbrella we will continue to offer our clients
 global expertise in trading futures, securities, options and other financial
 products," said Paul Finnegan, Vice President Marketing/Business Development.
 "Our name change reflects our continued commitment to provide financial
 guidance in an ever-changing marketplace."
     That changing marketplace includes the recently-passed Commodity Futures
 Modernization Act of 2000, which repeals the 1982 Shad-Johnson accord that
 banned the trading of single stock futures.  The Modernization Act allows for
 the trading of futures on individual stocks and will permit the U.S. futures
 market to compete with foreign markets in the changing investment landscape.
 Currently, the Commodity Futures Trading Commission (CFTC) and Securities &
 Exchange Commission (SEC) are negotiating regulatory responsibility for the
 new products.  However, trading of stock futures will commence for
 institutional customers in the middle of August 2001, while retail customers
 gain access in December 2001.
     "As a result of this legislation, the American investor will soon be able
 to realize the potential for increased benefits by trading stock futures and
 stock options," said Finnegan.  "The Commodity Futures Modernization Act of
 2000 will allow investors to participate in an entirely new playing field in
 which Man Financial is uniquely qualified to advise."
     Man Financial is the futures and securities brokerage division of the Man
 Group, an international asset management and brokerage firm that dates back to
 1783.  Man Financial has offices in major financial centers in North America
 and worldwide.  With over 1,200 employees, Man Financial has over
 $2.8 billion of institutional and private client funds held in segregation.
 Man Financial is one of the world's leading futures and options brokers,
 offering a wide range of hedging and investment products -- including futures,
 securities, options and foreign exchange -- and holds memberships on principal
 securities and futures exchanges worldwide.
 
 SOURCE  Man Financial Inc