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...