LME Clear, the clearinghouse for the London Metal Exchange (LME) market, has appointed Priyanka Malhotra as its newest Head of Business Development, according to an LME Clear statement.
LME Clear is a relatively new construct, having been engineered and designed in consultation with the LME’s members and effectively christened on September 22, 2014. Despite being an emergent entrant to the clearing space, LME Clear has been fully EMIR-compliant since its launch.
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In her new role as the head of business development at LME Clear, Ms. Malhotra will focus on product and relationship management. She will be reporting to the group’s CEO, Trevor Spanner, where she will officially begin her tenure on July 1, 2015. Furthermore, she will be joining LME Clear’s Executive Committee after the aforementioned date.
Ms. Malhotra joins LME Clear from the Bank of England (BoE), having held a number of leadership roles. Furthermore, she also has worked at the Financial Services Authority (FSA), JPMorgan Securities, and the International Monetary Fund, part of a highly decorated career.
“This is a fantastic hire for LME Clear. Priyanka’s strong experience, particularly in clearing and regulation, will be extremely valuable as we continue on our course of innovation and development in real-time clearing,” noted Trevor Spanner, CEO of LME Clear, in a recent statement on the hire.