10 May 2019
• Gay Huey Evans, OBE, elected to Chairman of the Board of LME replacing Sir Brian Bender who retires in December 2019;
• Gay brings a wealth of international experience within the financial services industry including significant commercial, risk, governance and regulatory knowledge and expertise.
The London Metal Exchange (LME) is pleased to announce that Gay Huey Evans OBE has been elected as Chairman of the Board of Directors of the London Metal Exchange. Gay will replace Sir Brian Bender when he retires from the Board in early December 2019, as previously communicated.
Gay’s international experience within the financial services industry includes significant commercial, risk, governance and regulatory knowledge and expertise.
LME Chief Executive Matthew Chamberlain said, “I am delighted to welcome Gay to the LME and look forward to working closely with her. Her global experience in developing policy and growing markets, combined with her deep understanding of risk, governance and regulation, will be paramount to LME as we continue to grow in an ever-changing landscape.”
Commenting on her appointment, Gay said “I am very proud to have been elected Chairman of the London Metal Exchange at such a pivotal time for the Exchange. As metals play an increasingly important role in society with increased focus on ethical supply chains, the LME’s role and responsibility is vital. I look forward to working closely with the Board, the members and clients of the LME, and Matthew Chamberlain and the Executive team, to build on the rich heritage and hugely successful advances under Sir Brian’s leadership for the past nine years”.
Sir Brian Bender remarked, “It has been a great privilege to serve as Chairman of the LME’s Board for the past nine years. During that time, we have navigated important and vital developments for the LME and its place in the global industry – from the acquisition by HKEX in 2012, to the development of the Strategic Pathway, and more recently to the launch of our Responsible Sourcing initiative. I am very pleased to be handing on the baton to Gay at the end of this year, who I am confident will continue to drive the transformation both within the LME and the wider industry”.
She spent over 30 years working in the financial services industry, the international capital markets and with the financial regulator. Gay spent seven years with the Financial Services Authority from 1998 to 2005, where she was a director of markets division and a capital markets sector leader with responsibility for establishing a market-facing division for the supervision of market infrastructure, oversight of market conduct and developing markets policy. From 2005 to 2008, Gay held a number of roles at Citi including head of governance, Citi Alternative Investments EMEA, before joining Barclays Capital where she was vice chair of investment banking and investment management. She was previously a non-executive Director of the London Stock Exchange Group plc and Aviva plc, and deputy Chairman of the Financial Reporting Council. In 2016 Gay received an OBE for services to Financial Services and Diversity.
Gay is currently a non-executive Director of Standard Chartered PLC, Bank Itau BBA International Limited and ConocoPhilips. She is a member of the US Council on Foreign Relations and also serves as a non-executive member of the UK HM Treasury Board.
Gay Huey Evans’ biography
Gay Huey Evans is an Independent Non-Executive Director of Standard Chartered PLC, where she is Chair of the Board Committee on Financial Crime and serves as a member of the Risk Committee.
She is also a non-executive director of ConocoPhillips where she serves on the Audit and Public Policy Committees; and of Bank Itau BBA International Limited, where she is Chair of the Audit Committee. She also serves as a member of the UK HMT Board. She also served on the Boards of the London Stock Exchange and Aviva plc, and as Deputy Chairman of the Financial Reporting Council.
Gay received an OBE in 2016 for services to Financial Services and Diversity.
Gay has over 30 years’ experience working within the Financial Services industry, International Capital Markets and Financial Regulation. She began at Bankers Trust in 1984 and served as Chair of ISDA from 1994 to 1998.
She then spent several years at the Financial Services Authority as Director of Markets Division, Capital Markets Sector Leader with responsibility for, among other things, establishing a market facing division for the supervision of market infrastructure, oversight of market conduct and developing markets policy. From 2005 to 2008 Gay held a number of roles at Citi, including head of governance, Citi Alternative Investments, EMEA between 2007 and 2008. Gay joined Barclays Capital in 2008 where she was vice chair of investment banking and investment management, responsible for Barclays’ relationships with sovereign funds globally.
Gay holds a BA in Economics from Bucknell University. She is a Trustee of the Beacon Collaborative (former Chair of Beacon Awards), a Trustee of Wellbeing Of Women, serves on Chatham House’s 20th Century Committee and is a Member of the US Council on Foreign Relations.