Garry Jones, the London Metal Exchange’s ceo, is retiring with immediate effect from all positions within the Hong Kong Exchanges and Clearing Limited (HKEX) group, including his positions at the LME and LME Clear (LMEC), according to a statement issued by HKEX on Monday January 23.
Jones also held the position of executive director at the LME and LMEC.
Jones will serve as an advisor to the LME until end of the year, according to the statement.
Matthew Chamberlain, the LME’s coo, has been appointed interim ceo of the LME with immediate effect, while Andrew Dodsworth, the LME’s head of market operations, will take up the position of interim coo.
Chamberlain joined the LME in November 2012, and in addition to his LME roles, he is also a member of HKEX’s management committee.
The HKEX and LME will look for a suitable successor for Jones, the statement 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,” Charles Li, HKEX’s ceo, said.