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Mr Jones will take up his role at the LME in early 2013. The design and build of LME Clear is well under way and the service is expected to go live in 2014.

06 Nov 2012

LONDON (Commodity Online): The London Metal Exchange (LME) announced that Chris Jones has been appointed as the chief risk officer for LME Clear, marking an important step in the LME’s self-clearing programme.

Mr Jones worked previously as a managing director and chief risk officer for LCH.Clearnet Group Ltd.During a 20-year career at LCH, Mr Jones was at the forefront of developments in the risk andclearing space, including regulatory change, the launch of several clearing services in new markets and active management of major defaults such as Lehman Brothers and MF Global.

“We are delighted that Chris has joined us here at LME Clear,” said Trevor Spanner, managing director of post trade services at the LME. “His significant experience and market leadership in risk management will prove invaluable to LME Clear and underlines our commitment to building a worldclass clearing house.”

Mr Jones will take up his role at the LME in early 2013. The design and build of LME Clear is well under way and the service is expected to go live in 2014.


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