LME Appoints A Director Of Exchange Strategy

Patrick Birley has joined The London Metal Exchange (LME) as Director of Exchange Strategy on Monday 3 May 2005.

Commenting on his arrival, Simon Heale, LME Chief Executive said:

“I am delighted to welcome Patrick to the London Metal Exchange and I look forward to working with him.

Patrick has extensive experience and knowledge in the area of financial markets which will prove invaluable in driving forward the future strategy of the Exchange.”

Background:

Patrick’s most recent position was as Operations Director for FTSE International Ltd. Prior to this, he spent 13 years with The South African Futures Exchange (SAFEX) where he rose to the position of CEO. During his time there, Patrick steered SAFEX through a period of enormous growth that lead SAFEX to be the 14th largest derivatives exchange in the world.
The LME is the world’s premier non-ferrous metals futures and traded options exchange.
Trading takes place through open outcry in ‘the ring’, through an inter-office telephone market and through LME Select.
The LME turned over 72 million lots in 2004 which equates to around $3,500 billion.