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 (LME) 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 — drawing fire from investors who lost out, including Clifford Asness of hedge fund AQR Capital Management. 

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