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London Metal Exchange Appoints Deputy Chief Executive

Date 07/10/2008

The London Metal Exchange (LME) has today appointed Diarmuid O’Hegarty as Deputy Chief Executive of the Exchange.

Diarmuid will continue to run the Regulation and Compliance activities of the Exchange and deputise for Chief Executive, Martin Abbott in all matters. The appointment recognises the importance of these functions to both the daily operations and the long term aspirations of the Exchange.

The appointment is effective immediately, with departmental reporting lines remaining unchanged.

Commenting on this announcement, Martin Abbott, LME Chief Executive said:

“In addition to his specialist departmental and professional knowledge Diarmuid brings a wealth of experience at the LME and a deep understanding of the factors that drive business to an exchange such as the LME. I look forward to working closely with Diarmuid as the LME consolidates its existing market position whilst seeking new business opportunities.”