8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT PURSUANT

TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report: June 13, 2008

(Date of earliest event reported)

MF Global Ltd.

(Exact name of registrant as specified in its charter)

Bermuda
(State or other jurisdiction of incorporation)
001-33590	98-0551260
(Commission File Number)	(IRS Employer Identification No.)

Clarendon House

2 Church Street

Hamilton HM 11, Bermuda

(Address of Principal Executive Offices) (Zip Code)

(441) 296-1274

(Registrant’s Telephone Number, Including Area Code)

Not applicable

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2 below):

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On June 13, 2008, the Board of Directors of MF Global Ltd., a Bermuda exempted company (the “Company”), appointed Mr. Martin J. Glynn as a member of the Board, effective June 16, 2008. The term of the new director, like those of the existing directors, will expire at the time of the next annual general meeting. The Board also determined that the new director is “independent” under the listing standards of the New York Stock Exchange, bringing the total number of directors on the Board determined to be “independent” to five. The new director is described in the Company’s press release referenced in Exhibit 99.1 attached hereto.

Mr. Kevin R. Davis, chief executive officer, Ms. Alison J. Carnwath, Ms. Eileen S. Fusco, Mr. Edward L. Goldberg, Mr. Lawrence M. Schloss, Mr. Robert S. Sloan and Mr. Christopher J. Smith continue to serve as directors. Ms. Carnwath continues to serve as the Non-Executive Chairman of the Board.

The Board also modified the composition of several Board committees. The Audit Committee, which previously comprised Ms. Carnwath, Ms. Fusco and Mr. Goldberg, now comprises Ms. Fusco (Chairman), Mr. Glynn and Mr. Goldberg. The Compensation Committee, which previously comprised Ms. Carnwath, Mr. Schloss and Mr. Sloan now comprises Mr. Glynn, Mr. Schloss (Chairman) and Mr. Sloan. The Executive Board Committee, which previously comprised Ms. Carnwath, Mr. Davis, Ms. Fusco, Mr. Goldberg, Mr. Schloss and Mr. Sloan, now comprises Ms. Carnwath (Chairman), Mr. Davis, Ms. Fusco, Mr. Goldberg and Mr. Schloss. The composition of the Nominating and Corporate Governance Committee has not changed and continues to comprise Ms. Fusco, Mr. Goldberg (Chairman), Mr. Schloss and Mr. Sloan.

As a result of these changes, all of the directors on the Audit Committee, the Compensation Committee and the Nominating and Corporate Governance Committee have been determined by the Board to be “independent” under NYSE listing standards.

Under the Company’s director compensation plan, Mr. Glynn will receive an annual director fee of $250,000, payable in cash and/or common shares of the Company, at his election, once granted.

Item 9.01. Financial Statements and Exhibits

(a) None.

(b) None.

(c) None.

(d) Exhibit 99.1: Press Release dated June 17, 2008.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	MF GLOBAL LTD.
Date: June 17, 2008	By:	/s/ Howard Schneider
		Howard Schneider General Counsel

EX-99.1

Exhibit 99.1

MF Global Ltd.

Clarendon House

2 Church Street

Hamilton HM 11, Bermuda

Tel 441-296-1274

MF Global Elects New Independent Board Member

Martin Glynn, Former CEO of HSBC Bank USA, Brings Significant Governance Experience

NEW YORK, NY – June 17, 2008 – MF Global (NYSE: MF), a leading broker of exchange-traded futures and options, today announced the election of Martin Glynn to its board of directors, effective June 16, 2008. MF Global’s board now consists of eight directors, five of whom are independent. Mr. Glynn will also serve as a member of the audit and compensation committees.

“Our board is further strengthened by Martin’s extensive international experience and well-deserved reputation as a leader in the financial services industry,” said Alison Carnwath, chairman of the board, MF Global. “His diverse experience on both public and community boards and his service as a public company CEO demonstrates his commitment to strong corporate governance, sound business practices and a uniquely global perspective.”

“Martin brings a unique understanding of the North American, Asian and European markets,” said Kevin Davis, chief executive officer of MF Global. “I look forward to working with him as we continue to expand our market leadership around the world’s major financial centers.”

Mr. Glynn, 56, was chief executive officer of HSBC Bank USA N.A. from 2003-2006 and chairman of HSBC Bank Canada from 2004-2006. His career at HSBC spans twenty-four years as he progressed through more senior executive positions in Canada and the United States. From 1999-2003, Mr. Glynn served as chief executive officer of HSBC Bank Canada in Vancouver, and he was group general manager of HSBC Holdings plc from 2001-2006.

Mr. Glynn has also served on a number of public and private boards including Husky Energy Inc. and Hathor Exploration Limited. He also has extensive non-profit board experience.

Concurrent with Mr. Glynn’s election to the board, Alison Carnwath has stepped down from the audit and compensation committees, focusing solely on her role as chairman.

ABOUT MF GLOBAL

MF Global Ltd. (NYSE: MF), formerly Man Financial, is the leading broker of exchange-listed futures and options in the world. It provides execution and clearing services for exchange- traded and over-the counter derivative products as well as for non-derivative foreign exchange products and securities in the cash market. MF Global is uniquely diversified across products, trading markets, customers and regions. Its worldwide client base of more than 130,000 active accounts ranges from financial institutions, industrial groups, hedge funds and other asset managers to professional traders and private/retail clients. MF Global operates in 12 countries on more than 70 exchanges, providing access to the largest and fastest growing financial markets in the world. It is the leader by volume on many of these markets and on a single day averages eight million lots, more than most of the world’s largest derivatives exchanges. For more information, please visit mfglobal.com.

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Contacts:

Media	Diana DeSocio, 212.589.6282, ddesocio@mfglobal.com
Media or Investors	Jeremy Skule, 212.319.1253, jskule@mfglobal.com