Kevin Davis, the chief executive officer of Bermuda-based MF Global, is about to make approximately $180 million over the next three years following the company's imminent flotation on the New York Stock Exchange.

The figure was quoted on a report put out on the AFX News wire, which named its source as the Financial Mail.

MF Global is the brokerage arm of UK-listed hedge fund manager Man Group, which has stated that the MF Global initial public offering (IPO) will take place between July and September. Experts expect it to happen this week. MF Global hopes to raise up to $3.8 billion from the offering.