Lamon Rutten

Since August 2022, Lamon Rutten is Chief Executive Officer (CEO) of the Kingdom of Saudi Arabia Mining Exchange, in charge of setting up this new securities and commodities exchange. Previous to this, he was CEO of the Indonesian Commodity & Derivatives Exchange (ICDX). He had joined ICDX in 2017, coming from the Technical Centre for Agricultural and Rural Cooperation (CTA), an international organization under the European Union-ACP umbrella where he headed operations, including programs on agricultural finance and the use of modern information & communication technologies. Before joining CTA, he was Managing Director and CEO of the Multi Commodity Exchange of India, which at the time that he left (after a USD 1.5 billion Initial Public Offering) was the world’s second largest commodity exchange in terms of trading volume, with his last year’s notional trading value reaching 2.9 trillion USD.

Before moving to the private sector in 2006, he was with the United Nations Conference on Trade and Development, where he started and for 15 years managed the organization’s large program on commodity risk management and finance, successfully incubating the development of new commodity exchanges as well as warehouse receipt finance schemes. He has also worked as Senior Advisor with the International Task Force on Commodity Price Risk Management of the World Bank, and as CEO of ACE Audit Control & Expertise, the largest collateral management agency in Africa. He has published more than 70 reports and books on commodity exchanges, structured finance and risk management, has held Board positions in four continents, and has been part of many FAO, UNCTAD and World Bank advisory country missions. For five years, he taught commodity marketing and risk management at the Institute of Banking and Financial Management of the École des Hautes Études Commerciales, part of the University of Lausanne, Switzerland. Lamon holds a M.Sc. degree, with honors, in International Economic Management from Tilburg University, The Netherlands.