The London Metal Exchange (LME) has appointed Chris Jones as the chief risk officer for LME Clear.

Jones worked previously as a managing director and chief risk officer for LCH.Clearnet Group.

During a 20-year career at LCH, Jones was at the forefront of developments in the risk and clearing space, including regulatory change, the launch of several clearing services in new markets and active management of major defaults such as Lehman Brothers and MF Global.

"We are delighted that Chris has joined us here at LME Clear," says Trevor Spanner, managing director of post trade services at the LME. "His significant experience and market leadership in risk management will prove invaluable to LME Clear and underlines our commitment to building a world-class clearing house."

Jones will take up his role at the LME in early 2013.