Alison Hutchinson, CEO of The Pennies Foundation, resigns from LMAX board

Alison Hutchinson, CEO of prominent digital charity The Pennies Foundation, has resigned from her position as Non-Executive Director of LMAX after almost five years on the board of London’s multilateral trading facility (MTF) for FX, and has been elected to the board of Yorkshire Building Society as a Non-Executive Director.

Ms. Hutchinson is Chief Executive Officer of The Pennies Foundation, an organisation that collects electronic change to give to UK charities, an executive role that she has held since January 2009.just over a year after its establishment in November 2007.

She was previously Managing Director of British mortgage firm Kensington Group plc and has held senior positions at Barclaycard and Barclays B2B, culminating in a Chief Executive position at Barclays B2B between 2000 and 2002.

Prior to her tenure at Barclays PLC (LON:BARC), she served as Global Director of Financial Solutions at international technology group IBM and was Chief Executive at disaster recovery and continuous data availability firm E Net.

Ms. Hutchinson was elected to the board of LMAX as an independent Non-Executive Director in 2010.


Speaking to LeapRate today regarding Ms. Hutchinson’s resignation, Ed Warner, Chairman of LMAX Exchange, said: “Alison has been an invaluable non-exec at LMAX Exchange over the past 5 years. She leaves to join the board of the Yorkshire Building Society, where we wish her every success and are sure she’ll prove an excellent recruit.”

Alison Hutchinson further explained to LeapRate “I have been very privileged to serve on the board of LMAX Exchange and step down to take on other opportunities at a time when the future looks very strong for the company. LMAX Exchange has been transformed under David Mercer’s leadership and the business remains on track against its strategic growth plan.“


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