MF Global Plans to Expand, Hire Up to 1,000: Report

Brokerage firm MF Global, run by former New Jersey governor and Goldman Sachs CEO Jon Corzine, may be in the market for up to 1,000 new hires as the firm seeks to expand into a full-blown investment bank, Dow Jones reported Monday.

Treasury Secretary Nominee Jon Corzine
Treasury Secretary Nominee Jon Corzine

Corzine, who took the firm's corner office in March following the scandal-ridden departure of former CEO Kevin Davis, told an investor's conference Monday that despite a round of staff cuts this year, the firm now plans to beef up staff in its equity and fixed-income businesses, as well as fill a number of senior executive roles.

"I would expect, two years from now at this conference, we'll not be a 2,000- person firm, we'll be a 4,000-person firm," Corzine said.

Corzine also announced he has hired his former gubernatorial chief of staff Bradley Abelow as global chief operating officer.

Shares of MF Global , which closed at $7.31 a share in Monday's New York trade, were unchanged in after-hours trading. Get after-hours quotes for MF Global here.