The LBMA has an experienced team whose main role is to support the OTC market for gold and silver bullion which is focused on the loco London contract.
After qualifying with a first class honours degree in metallurgy from London University, Dr Murray studied for a PhD on titanium at Imperial College, London. In the decade up to 1984, he worked for the International Wrought Copper Council, serving as its Secretary General from 1980 to 1984. He then joined Consolidated Gold Fields where he was responsible for the group's base metals commodities research. In 1989, Dr Murray set up Gold Fields Mineral Services (GFMS) of which he was Chief Executive for the next nine years. His own area of research at GFMS focused on the Middle East and the Indian Sub-continent.
His earlier interest in base metals was reflected in his involvement over a twenty-year period with the World Bureau of Metal Statistics, of which he was chairman from 1989 to 1991.
In October, 1999, he was appointed Chief Executive of the LBMA.
Deputy Chief Executive
Prior to joining the LBMA, Ruth worked in bank finance and US corporate law at the law firms of White & Case and Norton Rose, as well as acted as a monitor at the UN Commission on Human Rights in Geneva.
She has an MSc in History of International Relations from the London School of Economics and a degree in English Literature from Kenyon College in Ohio.
Ruth is responsible for the strategic commercial development of the Association, including Regulatory Affairs, Intellectual Property, Communications, and Events.
Ruth acts as the LBMA's main contact for regulatory affairs. She is responsible for the Association's work on supply chain due diligence, especially with regard to the Responsible Gold Guidance. She also represents the Association at industry, governmental and multi-stakeholder regulatory forums. Most recently she served as the co-facilitator of the OECD Interim Governance Group as well as the co-facilitator of the Gold Supplement Drafting Committee.
Ruth is also responsible for overseeing the development of the LBMA Conference, the LBMA's quarterly publication the Alchemist and the LBMA website.
Stuart takes day-to-day responsibility for general administration of the Association, including specific responsibilities in Finance, Human Resources, IT Systems and Office Management.
Prior to joining the LBMA, Stuart was the Operations Manager at Triland Metals Ltd in London. He has thirteen years of experience in similar Operations roles, with a particular focus on Finance. Stuart is also a fully qualified Member of the Chartered Institute of Management Accountants.
Public Relations Officer
Aelred provides support to the Commercial Director in the administration and organisation of the Association’s Public Affairs. This includes primary responsibility for all publications, websites, as well as interaction with the press. It also includes acting as the editor for the LBMA’s quarterly publication, the Alchemist.
Prior to joining the LBMA, Aelred worked at the Bank of England for more than twenty five years. During the last five years of his career at the Bank he gained specific bullion market experience in his role as a Gold Bullion analyst, supporting senior management in the Bank’s Customer Banking Division. He previously acted as a relationship manager for a portfolio of the Bank’s customers including central banks and government departments. During his time at the Bank he studied part-time for a BA Honours degree in Business Studies, gaining a 2:1:
Collett is responsible for providing support to the Chief Executive in the management of the LBMA’s financial resources. Collett is the Reference Materials manager as well as the events coordinator. She holds a BA (Hons) in Accounting & Finance, is a part qualified member of the Association of Chartered Certified Accountants and holds the Association of Accounting Technicians Qualification.
Good Delivery List Officer
Rebecca is the GDL Officer, and is primarily responsible for the administration of the LBMA Good Delivery System, including all GD applications and Proactive Monitoring. Rebecca joined the Executive in 2010, having previously worked as a consultant to the LBMA since 2008.
Varsha is responsible for providing support to the Chief Executive and Commercial Director in the administration of the Executive Office, including office management, membership applications, the LBMA annual conference, other LBMA events, the LBMA website and publications.