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20 April 2010
The LME appoints Sir Brian Bender KCB as Chairman

The London Metal Exchange (LME) today announces the appointment, with immediate effect, of Sir Brian Bender KCB as Chairman of both its Holdings and Limited Boards. Sir Brian takes over from Donald Brydon CBE, who recently announced his intention to step down as Chairman once a successor had been found.

Sir Brian retired from the civil service in March 2009, having been a Permanent Secretary for nearly 10 years.  His final post was at the Department for Business, Enterprise and Regulatory Reform, and before that the DTI and Department for Environment, Food and Rural Affairs.

LME Chief Executive Martin Abbott said, “Sir Brian brings extensive knowledge of the decision making process in the UK and European Union and his experience in public policy on issues affecting business will be of immediate relevance to the LME.”

Sir Brian commented on his appointment, saying, “It is a great privilege to be appointed Chairman of such a successful and dynamic institution as the London Metal Exchange. I look forward to working with the Boards of Limited and Holdings, and also with Martin Abbott and the Executive team, and building on the very successful development of the Exchange under Donald Brydon’s leadership.”

~Ends~

For further information or to speak to an LME spokesperson, please contact:
Stephen White
Business Manager Corporate Affairs
t. +44 (0)20 7264 1701 / +44 (0)7980 661 724
e. stephen.white@lme.com

John Parry - RostronParry
t. +44 (0)207 490 8062 / +44 (0)7802 292251
e. john@rostronparry.com

About the London Metal Exchange

The London Metal Exchange is the world's premier base metals market. It offers metals price risk management tools including futures and options contracts for aluminium, copper, tin, nickel, zinc, lead, aluminium alloy and NASAAC, steel billet, plastics and the minor metals - cobalt and molybdenum. In 2009, the total value of trading was $7.41trillion, and the Exchange finished the year with 5.96m tonnes of material on warrant in 633 storage facilities across 39 locations globally.
http://www.lme.com/

 
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