Hong Kong Mercantile Exchange (HKMEx) has unveiled a management
structure ahead of its planned launch in 2009. Barry Cheung has
been appointed chairman, while Thomas McMahon becomes
Cheung was previously deputy chairman of Titan
Petrochemical, the Hong Kong-listed subsidiary of Singapore
company Titan Oil, while McMahon was previously vice-president
and director of New York Mercantile Exchange (Nymex) Asia.
Before joining Titan Petrochemical, Cheung also served as
chief executive at both Camelot Asset Management and Fortune
Oil. He was previously a consultant with McKinsey &
McMahon joined Nymex in 2005 as director in Asia after
acting as an adviser to the exchange in its agreement to link
Nymex Access with the Tokyo Commodity Exchange from July 2004.
From 1993 to 2003 McMahon was an owner-operator of Gaslink.Com,
focusing on the order execution of natural gas futures and
McMahon began his career as a member of the New York Cotton
Exchange and the New York Coffee, Sugar and Cocoa Exchange,
later known as New York Board of Trade.
He became a member of Nymex in 1982. In 1984 he served as
vice-chairman of the petroleum advisory committee, before the
launch of the gasoline futures contract. McMahon was elected on
to the Nymex board of directors in 1987 and served as chairman
of the natural gas advisory and petroleum delivery committee
leading up to the launch of the natural gas futures
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