The London Metal Exchange (LME) has appointed former London Stock Exchange (LSE) executive Robin Paine as chief technology officer.
Paine leaves his role as head of solutions delivery at Old Mutual, where he was in charge of a transformation initiative across the firm’s technology division, and was responsible for programmes within the wealth management division.
Paine was previously employed as the CTO at the London Stock Exchange, a role he resigned from in 2010. He will now report to the LME Chief Operating Officer, Diarmuid O’Hegarty in his new role, replacing interim CTO Kevin Watson. His career encompases roles as an account executive at EDS (now HP), head of infrastructure at bank ABN Amro, deputy head of IT services at UBS and infrastructure manager at Morgan Stanley.
“Robin will be a valuable asset to the LME,” said Martin Abbott, chief executive of the LME. “He has over 20 years of experience in IT management and a proven track record in programme delivery.”
LME was recently subject to a buy-out by Hong Kong Exchanges and Clearing (HKEx), in a $2.2 billion (£1.42 bn) deal completed in December. The buy-out was followed by some changes to the firm’s IT contracts, such as the cancellation of a £25 million a year contract with service provider Xchanging, having previously led the introduction of the LME’s electronic trading platform.
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