With the integration of the newly acquired London Metal Exchange (LME) and its bid to realise greater vertical and horizontal integration across asset classes, Hong Kong Exchanges and Clearing Limited has rearranged a number of tops executives.
Former head of market development Romnesh Lamba, and LME chief executive Martin Abbott will serve as co-heads of the newly established Global Markets division. Lamba and Abbott will oversee equities, fixed income and currency (FIC), commodities (including LME) and HKEx's mainland development.
Lamba succeeds Gerald Greiner as chief executive of The Stock Exchange of Hong Kong Limited and the Hong Kong Futures Exchange Limited. Abbott continues as CEO of LME.
Greiner, who was also HKEx's chief operating officer, will assume the role of head of global clearing. Greiner will oversee all of HKEx group's clearing businesses, including existing clearing operations, OTC clearing, LME Clear and risk management, and will continue to be CEO of Hong Kong Securities Clearing Company.
Bryan Chan, former head of market data, and Calvin Tai, former head of trading, will become co-heads of the equities and FIC business, reporting to Lamba and Abbott.
Chan central responsibilities will include cash trading, market data and joint venture company China Exchanges Services Company Limited, while Tai will oversee derivatives trading and product and index development.
In October it was announced David Graham would assume the role of chief regulatory officer on 9 January.
On 6 December HKEx confirmed the completion of its £1.4 billion (US$2.25 billion) acquisition of the LME.