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LME Announces A New Executive Director: Regulation And Compliance

Date 22/07/2004

The London Metal Exchange (LME) yesterday announced that Diarmuid O’Hegarty has been appointed as Executive Director: Regulation and Compliance effective 1 August 2004. Mr O’Hegarty will combine this role with his current Legal Counsel duties and will report directly to Simon Heale.

Commenting today, Mr Simon Heale, LME Chief Executive said:

“The LME is the world’s premier non-ferrous metals market, turnover is growing and we are extending our reach into new Plastics contracts. We maintain and enhance our reputation by our ability to provide a trusted, well-regulated environment and the role of Regulation and Compliance is critical to this. Diarmuid brings to the role extensive experience of regulation from his time at the SFA and a deep knowledge of the LME gained over the last six years. His knowledge and sharp legal mind will be an important asset in the development of our business.”