It was not unexpected; in fact, it would probably have been a bit of a shock if anyone else had got the job.
The 35-year-old has always been the favourite to assume the mantle at the helm of the 140-year-old metals trading exchange, which has struggled in recent months with lower volumes, member discontent over fees and something of an identity crisis over its future direction.
It’s the first time in the LME’s history that a ceo has been appointed as an internal promotion, the LME says. Previous heads of the exchange – including Garry Jones, Martin Abbott, Simon Heale and David King – all joined the exchange from external roles.
Chamberlain has spent the past few years developing an in-depth knowledge of the workings of the LME, which will allow him to hit the ground running in his new role. This already gives him a head-start over...