07.06.2013 - London Metal Exchange chief to quit after Hong Kong sale triumph
Martin Abbott quit as chief of the London Metal Exchange (LME) on Thursday, six months after triumphantly steering a sale to Hong Kong owners of the world's biggest marketplace for materials such as copper and zinc. While admirers and critics credit him for persuading the 137-year old London institution's fractious shareholders to accept the $2.2 billion takeover by Hong Kong Exchanges and Clearing (0388.HK), he leaves boiling controversy over an LME warehouse system that constantly frustrates industrial users..........................................Full Article: Source
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