Garry Jones, the chief executive of the London Metal Exchange (LME), has retired from that position and related positions effective 23 January 2017. The announcement was made by Hong Kong-based Hong Kong Exchanges and Clearing Ltd. (HKEX), the owner of the LME.
In addition to being LME chief executive, Jones had been an executive director of the LME and of LME Clear, another HKEX subsidiary. HKEX says Jones has agreed to serve as an advisor to the LME until the end 2017.
Matthew Chamberlain, LME chief operating officer (COO), has been appointed interim chief executive of the LME, while Andrew Dodsworth, LME head of market operations, has been appointed interim COO.
Chamberlain joined the LME in November 2012. In addition to his LME roles, he is a member of HKEX’s Management Committee. HKEX and the LME say they are conducting a search for a successor to Jones.
“We thank Garry for the contributions he has made to the transformation of the LME over the last few years and we wish him the best in his new endeavours,” says HKEX Chief Executive Charles Li.
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