Incoming Komainu CEO to stay at London Metal Exchange following nickel squeeze
Matthew Chamberlain, the incoming CEO of crypto custodian Komainu, will remain as CEO of the London Metal Exchange three months after announcing his resignation from the metals trading giant.
“Both parties have come to the mutual decision for Mr Chamberlain to not move forward in joining Komainu as its CEO in May," Henson Orser, Komainu’s acting CEO, told The Block in a statement on Wednesday."We part ways amicably and wish Mr Chamberlain the best as he continues on in his role as the CEO of the London Metal Exchange.”
Chamberlain had announced his resignation from the LME in January, weeks before the 145-year-old exchange was drawn into a crisis. As nickel prices soared following Russia's invasion of Ukraine, the LME on March 8 decided to frieze futures contracts and cancel trades —Hong Kong Exchanges and Clearing, LME's parent company, said in a"He leads from the front, exemplified by his handling of the unprecedented developments in the nickel market in the last few weeks.
Adrian Farnham, who had deferred retirement to act as LME's interim CEO while Chamberlain’s successor was identified, will leave the company in July.by investment firm CoinShares, Japanese investment bank Nomura and crypto hardware wallet maker Ledger in June 2020 as a hybrid digital asset custodian . The Jersey, Channel Islands-based company raised $25 million in a Series A funding round led by hedge fund veteran Alan Howard in March 2021.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Fisker CEO Deletes Twitter Account On Concerns About Elon Musk’s Control Of His Free SpeechThe electric vehicle executive doesn't want his 'free speech to be actively managed or controlled by a competitor.'
Read more »
Ford CEO Jim Farley burns Tesla during electric F-150 Lightning launch eventFord CEO Jim Farley used the launch of F-150 Lightning production to take a few pokes at rival Tesla, whose electric truck has been delayed.
Read more »
Ripple Is Operating as if It Has Already Lost, Says CEO Brad GarlinghouseRipple CEO Brad Garlinghouse has suggested that the SEC’s potential victory will have little impact on the company’s business
Read more »
McLaren names former exec at Ferrari, Porsche as CEO of supercar armMcLaren Automotive has been without a CEO since October 2021.
Read more »
British X-Factor Winner Alexandra Burke To Terrorize Dawn French In London Palladium Panto.Alexandra Burke ,singer,song-writer and British X-Factor winner ,has signed on to play the villainess in this year’s London Palladium pantomime Jack and the Beanstalk. Oh yes she is! Burke joins al…
Read more »
Lamborghini exec appointed Morgan CEOVenerable carmaker needs 'future-proofing' - Massimo Fumarola is apparently the man for the job
Read more »