LME announces departure of Scotiabank, China Merchants Securities

Reuters2021-01-05

LONDON, Jan 5 (Reuters) - The London Metal Exchange $(LME.UK)$ said on Tuesday it had approved the resignation of category 2 members Scotiabank Europe Plc and China Merchants Securities $(UK)$ Limited.

Last October a letter seen by Reuters said the British arm of China Merchants Securities would close its commodities brokerage after a review of the business that aimed to align it with the group's global strategy.

(Reporting by Eric Onstad; Editing by Jan Harvey)

((eric.onstad@thomsonreuters.com; +44 20 7542 7093; Twitter

Reuters Messaging: eric.onstad.thomsonreuters.com@reuters.net))

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