The London Metal Exchange (LME) announced this Friday that it has elected a new Chairman of the Board of Directors – Gay Huey Evans, who will assume the role in December of this year.
Evans will be replacing Sir Brian Bender, who will retire from the Board in early December. She brings more than three decades of experience in the financial industry, including seven years spent with the Financial Services Authority (FSA) from 1998 to 2005.
Evans to Lead the LME During Changing Landscape
Her international experience, which ranges from the financial services industry, risk, government, and regulation, will be an asset for the LME as the company continues to grow in an ever-changing regulatory landscape.
At the FSA, Evans was a director of the markets division and a capital markets sector leader. In this position, she was responsible for setting up a market-facing unit for the supervision of market infrastructure as well as the oversight of market conduct and developing markets policy.
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Commenting on the appointment, 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.”
During her career, Evans has held senior roles at financial institutions Citi and Barclays Capital and has also been a non-executive director at the London Stock Exchange Group plc and Aviva plc, and Deputy Chairman of the Financial Reporting Council.
“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,” added Evans.
“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.”