The HKEx-owned metals exchange saw trading volumes slump in 2016
The London Metal Exchange’s
chief executive officer Garry Jones has retired after a
difficult year that saw declining volumes, a fraud case come to
light and the departure of the exchange’s chief
Jones retired in a surprise move on
Monday, having been chief executive officer and executive
director of the London Metal Exchange (LME), which is owned by
Hong Kong Exchanges and Clearing, since September 2013.
Matthew Chamberlain, the
LME’s current chief operating officer, has been
appointed interim chief executive with immediate effect.
Chamberlain was promoted to chief operating officer after
the departure of former COO Stuart Sloan in
December. Andrew Dodsworth, the LME’s head of
market operations, has been appointed interim COO to replace
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