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Lamon Rutten

Lamon Rutten

President Director
Indonesia Commodity and Derivatives Exchange 

Since January 2017, Lamon Rutten is President Director of the Indonesia Commodity & Derivatives Exchange.

Lamon started his working life setting up a warehouse receipt financing scheme for grain traders in Mali, to replace the storage role of the to-be-abolished government grain monopoly. This created a lasting interest in market solutions, which came to good stead when he joined the United Nations Conference on Trade and Development (UNCTAD) in 1990. For the better part of 15 years, Lamon was responsible for building and managing UNCTAD’s programme on modern financial instruments for the commodities sector, with an extensive series of activities on commodity exchange development. In this period, Lamon was also Senior Advisor to the World Bank’s International Task Force on Commodity Risk Management, member of the advisory board of IIG Capital (a leading alternative investment fund specializing in trade finance), one of the driving forces behind the establishment of the Global Network of Export-Import Banks and Development Finance Institutions (G-NEXID), and lecturer, for 5 years, at the Institute for Banking and Financial Management of HEC Lausanne.

In 2006, Lamon moved to the private sector, to become first Joint MD, then MD & CEO of the Multi Commodity Exchange of India (MCX), MCX was the world’s 8th largest commodities exchange when he joined and No. 2 (with a 2011 turnover of US$ 1.9 trillion) when he left in 2012, after having concluded a highly successful Initial Public Offering valuing MCX at US$ 1.5 billion. Lamon then worked with an international organization, the Technical Centre for Agricultural and Rural Cooperation (CTA), on issues such as commodity exchange development in Africa (with a book published by the African Development Bank) and using ICTs to innovative agricultural trade and finance. Meanwhile, he maintained Board positions in Switzerland, the UK and Bahrain.

Lamon holds a M.Sc. degree, with honours, in International Economic Management from Tilburg University, The Netherlands. He has written extensively, including for international organisations such as AfDB, EBRD and FAO. His book (with Emmanuelle Moors), Structured Commodity Finance: Techniques and Applications, was published in April 2014 by Euromoney.

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