Head of world's biggest metals bourse quits

Shanghai

THE London Metal Exchange's Garry Jones stepped down as chief executive officer after a three-year stint steering the world's biggest metals bourse.

Mr Jones, 58, will retire from his position at the exchange and serve as an adviser until the end of this year, according to a statement from Hong Kong Exchanges & Clearing Ltd, which owns the London bourse. Chief operating officer Matthew Chamberlain, 34, will become interim CEO.

Mr Jones is the second senior LME executive to leave in two months, and his departure comes as the 139-year-old exchange faces bro…