Press Release

R.J. O’Brien Appoints David Mudie CEO of RJO (UK) Limited - Futures Veteran to Build Presence in UK, Europe

London, November 29, 2012

R.J. O'Brien & Associates (RJO), the oldest and largest independent futures brokerage and clearing firm in the United States, announced today the appointment of David Mudie as Chief Executive Officer of the firm’s R.J. O’Brien (UK) Limited subsidiary, its London-based operation established earlier this year.

Mudie has more than 18 years of experience in futures, prime brokerage, sales and operations at major financial institutions in London and New York.Joseph Murphy, Executive Vice President and President of the Americas, said: "David has excellent market experience, including his recent track record of taking a U.S. based company and substantially growing its brand in the UK and Europe. His vast experience, in-depth knowledge of futures, and great respect for the RJO brand and expertise make him ideally suited to lead our efforts, staff and growth in Europe."

Said Mudie: "RJO has an incredible brand in the United States that the company has cultivated for nearly a century. I'm looking forward to extending that premium brand in the UK and throughout Europe with the same breadth of product, expertise and service that has earned the company such respect among clients and peers in the U.S. We will focus on the core products and middle market niche that has fueled RJO’s success in the States."

Mudie most recently served as European Head of Institutional and Retail Sales, Marketing and Execution for Penson Financial Services Limited in London. Previously, from 2009 to 2010, he was Head of Fixed Income Prime Brokerage for MF Global UK Limited in London. From 2006 to 2009, Mudie was Senior Vice President – Derivatives Product Group, Prime Brokerage for Newedge USA LLC in New York. Prior to that role, Mudie ran European Prime Brokerage for Refco Overseas Limited in London. He began his career in 1995 at Salomon Smith Barney International in London. In 1998, he joined Cantor Fitzgerald International Limited, where he spent six years in London, New York and Asia.