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London Metal Exchange's O'Hegarty appointed to new COO post
March 20, 2013 / 5:33 PM / 5 years ago

London Metal Exchange's O'Hegarty appointed to new COO post

LONDON, March 20 (Reuters) - The London Metal Exchange has appointed Deputy Chief Executive Diarmuid O‘Hegarty as chief operating officer (COO), it said in a notice to its members on Wednesday.

It said the role is new and O‘Hegarty would take charge of much of the day-to-day operation of the LME, which was bought last year for $2.2 billion by Hong Kong Exchanges and Clearing (HKEx).

The job will replace O‘Hegarty’s role as deputy CEO and follows the appointment of LME CEO Martin Abbott as co-head of HKEx’s global markets division.

Abbott will continue to have oversight of the LME and its self-clearing project as well as retaining responsibility for group performance in London, the LME said.

O‘Hegarty’s appointment as COO will become effective once the LME has recruited a director of regulation and compliance to replace him in his current duties, it said.

Reporting by Susan Thomas; editing by Jason Neely

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