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LME Clear is pleased to announce the appointment of Michael Carty as Chief Executive Officer and LME Clear Board Director, effective 2 October 2023.

Michael brings with him a wealth of knowledge and experience in financial infrastructure and technology. He joins LME Clear from Euroclear Group, where he has held various senior roles over the last 15 years, including Chief Information Officer and Chief Operations Officer for Euroclear Sweden and Euroclear Finland, CEO of Euroclear Sweden and, most recently, CEO of Euroclear UK and International.

Commenting on his appointment, Michael said: “It’s an honour to be appointed CEO of LME Clear and I look forward to building on the foundations of innovation and impact that the organisation has become known for since its establishment a decade ago. LME Clear is one of the world’s premier centres for metals clearing and settlement and it has an exciting future ahead of it. I am committed to playing my part in ensuring its long-term sustainability and resilience, while exploring new ways to progress the business and the market.”

David Warren, Chairman of the LME Clear Board said: “I’m delighted to welcome Michael to LME Clear and look forward to working alongside him. A highly regarded industry leader, his expertise and international experience in clearing and financial infrastructure will be of great benefit to LME Clear as we evolve and drive forward our business and markets in a dynamic macro landscape. I would like to thank James Cressy for his leadership at LME Clear over the last 12 months, and I look forward to continuing to work with him as we play a pivotal role in the global metals industry.”

James Cressy will step down as Interim CEO of LME Clear, remaining with LME Group when Michael Carty joins LME Clear in October.

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Notes to editors

Michael Carty biography

Michael Carty became Chief Executive Officer of Euroclear UK & International in October 2020 is a member of the Euroclear’s Group Executive Committee. With 15 years’ experience at Euroclear, he was previously Chief Executive Officer of Euroclear Sweden, the group’s Swedish national CSD. During his five-year tenure as CEO in Sweden, he helped Euroclear Sweden to successfully achieve its CSDR licence while strengthening its client proposition in a number of key business lines, such as its issuer offering and funds. Additionally, he served on the Board of Directors of Euroclear Finland and Euroclear Sweden.

Since joining Euroclear in 2007, Michael’s responsibilities have included Chief Information Officer and Chief Operations Officer for Euroclear Sweden and Euroclear Finland and he defined the IT strategy leading to the replacement of the CSD platform in Finland. Previously for Euroclear Michael has run strategic programmes and defined the sourcing strategy for Euroclear Group IT.

Before joining Euroclear, Michael was a founding member and Chief Technology Officer of a Brussels-based start-up firm in the steel industry and prior to that he was based in France for a consulting firm.

Michael holds a double major Bachelor’s degree in Experimental Physics and Computer Science, an MBA from Warwick University and he pursues International Director Studies at INSEAD. For fun, Michael is a keen runner and reader.

Contact us

For further information or to speak to an LME spokesperson, please contact:

Miriam Heywood
miriam.heywood@lme.com

Andrea Blumire
andrea.blumire@lme.com