We were surprised to learn that Henri Steenkamp, the CFO of broker-dealer MF Global, which filed for bankruptcy protection earlier this week, is only 35 years-old.
His age made him one of the youngest executives in a C-Level position on Wall Street. The young executive has a long list of accomplishments under his belt.
He worked for eight years at PricewaterhouseCoopers, the auditor for MF Global. Then he joined MF Global (then Man Financial) in 2006 as vice president of external reporting. He was quickly promoted to chief accounting officer.
Earlier this year, he was appointed to the role of chief financial officer.
“Henri’s achievements during his five years at MF Global – including his role in helping to build our global finance and reporting operations – make him exceptionally qualified to lead this function,” Corzine said in a company statement. “I am confident that all of our stakeholders will benefit from his financial acumen and sound understanding of MF Global.”
In his role as CFO of MF Global, he was tasked with overseeing “global financial control and reporting functions,” his bio on the brokerage firm’s site said.
He was also well compensated at the firm.
According to a company 8-K filing with the SEC, he earned a base salary of $500,000 a year and was eligible to receive a “discretionary cash bonus” between $700,000 to $1 million as well as an annual equity award in the range of $400,000 to $600,000.
According to Kevin Roose at the New York Times, Steenkamp was featured on “40 Under 40” by trade magazine Treasury & Risk.
Steenkamp is a chartered accountant and holds an honours degree in finance, according to his bio.