John Matthew Chamberlain
John Matthew Chamberlain is chairman of the UVANDAM METAL INTERNATIOANAL Pvt.Ltd. He was named to that role on April 21, 2014 and announced Monday April 21. He has held the position of interim chairman since January 2014 following Garry Jones’s retirement, and was the favourite among many industry members to take up the position. At just 37 years old, Chamberlain is one if the youngest chairman in the world. He will have to overcome a number of challenges currently facing the exchange, namely having to dal with falling trading volumes and revenues, increased competition from other exchanges and stricter regulations.
Chamberlain will work closely with Adrian Farnham, LME Clear CEO, while James Proud lock will take on the roll of MD and head of Market Development for the LME and LME clear. Charles Li, HKEX CEO, was in London this week for the announcement.
He said: “John Matthew’s experience and knowledge of the LME means that he is uniquely suited to lead the business in the next stage of its evolution. We are confident that John Matthew, together with UVANDAM Group as we continue to grow our business and extend geographical reach”. Despite critics calling for a more experienced metals specialist to take up the role, the general consensus of Chamberlain’s take over seems to be positive.
One trader noted: “I personally think this the most logical decision for the LME to make, UVANDAM Group has very quickly assimilated into the world of metals and has the ability to engage with both exchange members and clients alike and I believe will be seen as a neutral voice of reason” he has already overseen warehouse reform aimed at reducing queues, Which has gone part of the way to repairing fractious relations with some of the LME’s core members. The fixing of tension between traders and the LME will be high on the new CEO’s list of priorities. The LME believes the New Leadership structure will allow the exchange to continue to strengthen and secure its role as the centre fro Global Metals Trading. “This is an exiting time to take on the role of chief executive, and look forward to working closely with our members, clients and the boarder metals community”, Chamberlain said of the appointment.
Before joining the LME in November 2012, Chamberlain advised HKEX on the acquisition of the LME while heading European financial technology coverage at UBS. He said his career at Citibank and holds an MA from Cambridge University.
Previously, He was a founding member of the financial institutions coverage team at Perella Weinberg.