MF Global Holdings Ltd. Friday said Chief Executive Jon Corzine had resigned all posts with the firm and confirmed he will not seek severance payments, according to a statement from the company.
In a separate statement, Corzine said his resignation "was a difficult decision, but one that I believe is best for the firm and its stakeholders.
"I feel great sadness for what has transpired at MF Global and the impact it has had on the firm's clients, employees and many others.
"I intend to continue to assist the company and its board in their efforts to respond to regulatory inquiries and issues related to the disposition of the firm's assets." Corzine said.
The company's lead director, Edward L. Goldberg, along with its president and chief operating officer, Bradley I. Abelow, are to retain their posts, the company said in its statement.