LME adds metals industry veteran to board

The London Metal Exchange (LME) has appointed Nigel Dentoom as a nonexecutive director on its board.

The LME says Dentoom is a highly respected industry executive who brings 40 years of experience in the metals sector—spanning both the financial and physical markets.

“The LME is vital to the proper functioning of the global metals markets and I look forward to utilizing my experience and knowledge of the physical and financial markets to deliver value to the Exchange and to the wider LME community," Dentoom says of his appointment.

Most recently, Dentoom served as CEO and subsequently nonexecutive director of LME ring-dealing member CCBI/Metdist Enterprises Ltd., a London-based business unit of one of China’s largest banks.

Before beginning his work with Metdist, Dentoom was executive board chair of the former LN Metals International Ltd., spending 10 years there. That London-based metals distribution firm was purchased by Singapore-based CWT Ltd. in 2012.

Prior to that, Dentoom spent some 20 years at the Canada-based metals trading firm Mocatta Group, where he served as CEO for part of that time. Later known as ScotiaMocatta, the name Mocatta was retired by Canada-based ScotiaBank in 2020.

Dentoom also has served on the boards of more than 30 companies, with most of those firms involved in the metals, derivatives and commodities sectors.

He also held previous LME advisory committee positions in the past three decades, including as chair of the LME Ring Dealers Committee and serving on the LME User Committee for nine years, with that stint ending 2021. Dentoom also currently sits on the board of the New York-based Copper Club.

“I’m delighted to welcome Nigel to the LME Board,” says John Williamson, LME board chair. “There is no doubt that he will be a greatly valued board member, bringing with him deep knowledge and experience in metals and commodities trading and enriching the board as we work together for the advancement of the business and the market as a whole.”