United Kingdom – Matthew Chamberlain is the new chief executive of the London Metal Exchange (LME) with immediate effect subject to the approval of the UK’s Financial Conduct Authority, it has been confirmed.
He will remain on the LME board and will continue as a member of the management committee of Hong Kong Exchanges and Clearing Ltd (HKEX), of which the LME is a wholly-owned subsidiary.
Chamberlain has been interim chief executive since January and was previously the LME’s chief operating officer and head of strategy, and co-head of business development across the LME and LME Clear. Before joining the LME in November 2012, Chamberlain advised HKEX on the acquisition of the LME while heading European financial technology coverage at UBS.
Previously, he was a founding member of the financial institutions coverage team at Perella Weinberg. He started his career at Citibank and holds an MA from Cambridge University.
Meanwhile, James Proudlock will take on the role of managing director and head of market development for the LME and LME Clear; he joined earlier this year from JP Morgan Securities PLC.
According to HKEX’s chief executive Charles Li, this is ‘the right leadership team to bring further success for the group as we continue to grow our business and extend our geographical reach’.
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