Sir Brian Bender has become chairman of the London Metal Exchange and LME Holdings, replacing Donald Brydon, who has stepped down to focus on his work with Royal Mail and the Smiths Group.
Bender was a permanent secretary (the highest grade in the UK
civil service) for nearly 10 years, most recently at the
Department for Business, Enterprise and Regulatory Reform. He
has also worked at the Department for Trade and Industry and
the Department for Environment, Food and Rural Affairs.
After his appointment in 2003, Brydon presided over the
LME’s capital restructuring and its first
dividend payment. Brydon said: "It has been a privilege to
have presided over the successful evolution of the LME in the
last few years. I am particularly pleased that the LME was
able to navigate through the recent financial crisis without
any difficulty and with a significant increase in volumes
traded. It has an excellent management team and I am
confident of its continued success."