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