The LME Board of Directors is responsible for providing leadership, either directly or through its committees, to deliver long-term value to shareholders and other stakeholders.
It also retains overall responsibility for the management of The London Metal Exchange. It establishes corporate policies, sets strategic direction, ensures that an effective internal control environment is in place, and oversees the management which is responsible for day-to-day operations.
The Board however recognises that delegating its functions and authorities to its committees and the management does not absolve its overall responsibility for the sound governance.
Gay is Chairman of the London Metal Exchange and also serves on the Boards of Standard Chartered, ConocoPhillips, S&P Global and HM Treasury. She is a Trustee of Benjamin Franklin House, Sr Advisor to Chatham House and is a member of the US Council on Foreign Relations and the IUKFP (Indian UK Financial Partnership). She is also Interim NED for the UK Infrastructure Bank.
Since taking up her role as Chairman of the LME, Gay has supported and steered a number of key initiatives – from the major technology infrastructure rebuild, to the diversity and inclusion agenda and sustainability initiatives.
Gay has worked within the finance and commodity industry for the past 30 years, as both an established market practitioner and regulator, giving her deep expertise across commerce, risk, governance, policy and regulation in capital markets. Awarded a CBE in 2021 for services to the economy and philanthropy, and an OBE in 2016 for services to financial services and diversity, Gay is a passionate advocate for ensuring markets build trust through accessibility and transparency and for increased diversity in business.
Gay has previously served on the Boards of IHS Markit, Itau BBA International, the Financial Reporting Council, Aviva and the London Stock Exchange and held executive roles with Barclays Capital, Citi, the Financial Services Authority and Bankers Trust.
Matthew Chamberlain is the CEO of the London Metal Exchange and a member of the Management Committee of HKEX Group.
Matthew joined the LME in 2012, having advised HKEX on the acquisition of the LME while at UBS. He started his career at Citibank, and holds an MA from Trinity College, Cambridge.
Mrs Laura Cha was appointed an independent non-executive director of The London Metal Exchange on 8 May 2018. She is currently the Chairman of Hong Kong Exchanges and Clearing Limited, independent non-executive director of HSBC Holdings plc and non-executive director of Unilever plc.
Mrs Cha was formerly an independent non-executive director of China Telecom Corporation Limited from 2008 – 2018, the vice chairman of China Securities Regulatory Commission from 2001 to 2004 and held various roles within Hong Kong Securities and Futures Commission, including deputy chairman, between 1991 and 2001.
Mrs Cha is a qualified lawyer. She holds a Juris Doctor degree from Santa Clara University and was admitted to the State Bar of California. Mrs Cha is also an Honorary Fellow of the Hong Kong Securities and Investment Institute.
Mr Stephen Yiu was appointed to the Board of The London Metal Exchange on 15 June 2017. Mr Yiu was the Chairman and CEO of KPMG China and Hong Kong from 2011 to 2015.
He joined KPMG Hong Kong in 1983 after graduating from Hong Kong Polytechnic and was seconded to KPMG in London from 1987 to 1989. He became a partner of the firm in 1994 and served as the Partner in Charge of Audit from 2007 to 2010. He became Chairman and CEO of KPMG China and Hong Kong on 1 April 2011. He was also a member of the Executive committee and board member of KPMG International as well as KPMG ASPAC from 2011 to 2015.
Mr Yiu was a member of Audit Profession Reform Advisory Committee and Mainland Affairs Committee of the Hong Kong Institute of Certified Public Accountants. He is currently a Council Member of Hong Kong University of Science and Technology and St Paul Co-educational College, an esteemed secondary and primary school in Hong Kong. Mr Yiu is a board member of the Independent Insurance Authority of Hong Kong; a newly established regulator for the insurance industry. He has recently been appointed an independent non-executive director of China Mobile Limited, the biggest mobile network operator in the People’s Republic of China.
Dr Herta von Stiegel was appointed as an independent non-executive director of The London Metal Exchange on 18 January 2019. Herta is currently the Executive Chair of Ariya Capital Group Limited, a regulated financial services firm and project developer focusing on clean energy and enabling infrastructure investments in Africa, independent director of LeasePlan Corporation N.V., director of Britam Asset Managers (K) Limited and chair of Women Corporate Directors, Kenya. Until 10 November 2017, she served as the first independent chair of the CHAPS Clearing Company Ltd, the primary UK whole-sale clearer of sterling payments with volumes of GBP 76 trillion per annum. She has over 25 years’ experience in international finance with a consistent track record of building profitable highly regulated structured finance businesses. She was Managing Director at AIG Financial Products and has held senior positions at Citibank and JP Morgan in London and New York.
Herta has a Juris Doctor degree from Thomas M. Cooley Law School in Michigan, a Masters of Law degree in Taxation from New York University School of Law, a B.A. and Doctorate of Humane Letters (honoris causa) from Andrews University and completed the Executive Programme in Corporate Finance at the London Business School.
John is an Independent Non-Executive Director of the London Metal Exchange, Chairman of the UK Tote Group, and serves on the Boards of Pacific Basin Shipping Limited and Provident Acquisition LLC. He is a Chartered Accountant, Chartered Fellow of the Securities Institute, Senior Fellow of the Hong Kong Securities Institute, and a Member of Mind Hong Kong’s Advisory Board.
Having served as a Non-Executive Director from 2008 until 2021 on the Board of HKEX, LME’s parent company, John has a sound understanding of the LME’s business and development strategy.
John has worked within the finance and securities industry for over 40 years and has garnered deep expertise across commerce, investment banking, wealth management, IT, risk, governance and regulation in capital markets.
John has previously served on the Boards of the Hong Kong Securities Institute and a number of private companies. He held senior executive roles with Search Investment Group, Morgan Stanley, NatWest Securities and Wood Mackenzie & Co.
With three daughters who are working mothers, John is a strong advocate of the diversity and inclusion agenda.
Nicolas Aguzin joined HKEX as Chief Executive Officer on 24 May 2021 from J.P. Morgan, where he was most recently Chief Executive Officer of J.P. Morgan’s International Private Bank. Mr Aguzin has been based in Hong Kong since 2012.
From 2013 to 2020, Mr Aguzin was CEO, J.P. Morgan, Asia Pacific where he was responsible for all the firm’s business across 17 markets. Mr Aguzin presided over some of the firm’s major expansion efforts during the period, including establishing itself in China as one of the few international financial institutions with a full range of services and capabilities; including a fully-owned locally incorporated commercial bank, a majority-owned securities company, an asset management company and a futures and options company. Concurrent with his Asia CEO role, Mr Aguzin also ran J.P. Morgan’s Investment Banking division in Asia. During his tenure the bank rose to become one of the leading investment banks in the Asia Pacific region.
Mr Aguzin joined J.P. Morgan in 1990 in Buenos Aires as a financial analyst. Between 1990 and 2005, he held a variety of roles in New York and Buenos Aires, and in 2005 he was appointed as CEO, Latin America. In 2008 and 2009, in addition to his responsibilities as CEO, Latin America and Head of Latin America Investment Banking, he served as Senior Country Officer for Brazil.
Mr Aguzin holds a bachelor degree in Economics from the Wharton School of the University of Pennsylvania in the US and is fluent in Spanish, Portuguese and English.
Mr Leung joined HKEX in October 2011 and is currently the Group Chief Technology Officer. In his position, Mr Leung is responsible for the technology strategy and operations in Hong Kong, London and the Chinese mainland. He leads the technology effort across the Group to ensure the development and operations efforts are coordinated and the engagement with the vendors is optimised.
Mr Leung has worked with exchange and financial sector technology over the past three decades. Prior to joining HKEX, he was the Chief Technology Officer for Chi-X Global. Mr Leung joined Chi-X Global in conjunction with Chi-X Global’s 2008 acquisition of Cicada. Prior to joining Cicada, Mr Leung held a 14-year career with Dow Jones Telerate in the Asia Pacific region, where he served in various senior technical positions.