Charles Li has remoulded the global derivatives landscape this year with his audicious deal to acquire the LME, says William Mitting.
Charles Xioajia Li has reshaped the
global derivatives map this year with the £1.388bn
acquisition of the London Metal Exchange. As the global
financial market rebalances from the dominance the West has
enjoyed for over a century, the acquisition of one of the crown
jewels of the London derivatives market is symbolic of the
fundamental shift in influence.
At the annual gala dinner hosted by the London Metal
Exchange during LME Week in November, Charles Li addressed the
diners. His charm and wit caught many off guard who might
perhaps have expected the Chinese head of the Hong Exchange to
be more regimented. Jovial yet at the same time direct and
ambitious and a man that speaks through metaphor, Mr Li
expressed his pride at the honour of being able to take on the
world’s largest metal exchange.
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