LONDON London Metal Exchange chief executive officer Martin Abbott has been appointed co-head of the newly created global markets division of Hong Kong Exchanges & Clearing Ltd. (HKEx).
Working with Romnesh Lamba, previously HKExs head of market development, Abbott will oversee the equities, fixed income and currencies businesses, as well as the commodities, mainland development and business development and strategy departments, HKEx said in a notice to investors. Abbott will continue to serve as chief executive officer of the LME.
Charles Li, chief executive officer of HKEx, has previously referred to equities as the "holy grail" for the future revenue of the exchange.
The appointments are part of a major internal reorganization that will facilitate HKExs "transition towards becoming a vertically and horizontally integrated multi-asset-class exchange," HKEx said.
David Graham, who has sat on the U.K. Takeover Panel and the equivalent panel at the U.S. Securities and Futures Commission, will become chief regulatory officer effective Wednesday.
Gerald Greiner, formerly chief operating officer, has been appointed head of global clearing, while HKExs chief administrative officer, Henry Ingrouille, will take over Greiners previous role.
Greiner will stand down as chief executive officer of the Stock Exchange of Hong Kong and Hong Kong Futures Exchange, to be replaced by Lamba.
A version of this article was first published by AMM sister publication Metal Bulletin.