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LME chief executive retires

Hong Kong Exchanges and Clearing Limited (HKEX), The London Metal Exchange (LME) and LME Clear (LMEC) has announced that Garry Jones, the LME’s chief executive and an executive director of the LME and LMEC is retiring from all his positions within the HKEX Group, including his positions at the LME and LMEC.

Jones has agreed to serve as an advisor to the LME until the end of the year. Matthew Chamberlain, the LME’s chief operating officer (COO) has been appointed interim chief executive of the LME with immediate effect. Andrew Dodsworth, the LME’s head of market operations, has been appointed Interim COO with immediate effect.

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 are conducting a thorough search for a suitable successor for Jones.

Charles Li, chief executive at HKEX, said: “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.”

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