The London Metal Exchange (LME) has appointed Adrian Farnham as the chief operating officer for LME Clear.

Farnham (pictured) joined Turquoise Global in 2007 as chief operating officer and became chief executive officer in 2010. He was instrumental in the market launch of Turquoise, working with Cinnober Technology on the initial implementation of the platform.  In 2011 he led the platform expansion into derivatives. 

Prior to Turquoise, Farnham worked as an executive director of operations at Morgan Stanley for 13 years.

"Adrian is a fantastic addition to the executive team at LME Clear," says Trevor Spanner, managing director of post-trade services at the LME. "His range and depth of experience in the exchange and clearing field, and proven track record of implementing complex initiatives will enable us to deliver a robust and efficient clearing platform."

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