In today’s webinar, Ruth Crowell (Chief Executive, LBMA) provided the latest update on LBMA’s three-year strategic plan, as well as supplying a high-level overview on the Gold Bar Integrity pilot.
Ruth said that having a digital global ecosystem is “about how technology can add transparency and value to the gold bars themselves.”
Ruth also provided details on the 34th Annual General Meeting scheduled to take place on Thursday, 7 July 2022 listing LBMA’s Full Members Election, proposed name change, economic sanctions, and proposed increase in Non-Executive Directors as some of the topics for discussion.
Isabelle Strauss-Kahn (Non-Executive Director, LBMA Board) joined the webinar to discuss her journey with LBMA since she joined two years ago. Isabelle, who lives in France, noted the challenges of joining the association during COVID-19.
Watch the full recording to find out more about the successful Sustainability and Responsible Sourcing Summit held in March, and hear some exciting announcements for the upcoming LBMA/LPPM Global Precious Metals Conference taking place in Lisbon, Portugal, from Sunday 16 – Tuesday 18 October 2022.
Ruth was appointed Chief Executive of the LBMA in January 2014. She is responsible for the success and strategic development of the LBMA, in partnership with the Chairman and the Board. She is also responsible for maintaining accountability to and the quality of, the Association's Membership and Good Delivery Refiners as well as representing the interests of the Association in relation to regulators, investors, media and international precious metals markets.
Before being appointed Chief Executive, she spent seven years working in the Association, initially as Commercial Director and then as Deputy Chief Executive, where she acted as the main lead on Governmental Affairs. She was also responsible for the Association's work on supply chain due diligence, with particular regard to the creation and implementation of the LBMA’s Responsible Gold Guidance. She has represented the Association at industry, governmental and multi-stakeholder regulatory forums. She continues to serve as Vice Chair of the OECD Multi-Stakeholder Governance Group for Responsible Minerals. As Commercial Director, she oversaw the development of the LBMA Conference, the LBMA's quarterly publication the Alchemist and the LBMA website.
Prior to joining the LBMA, she worked in bank finance and US corporate law at the law firms of White & Case and Norton Rose, and also 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.
Isabelle Strauss-Kahn is an international consultant in Financial Asset Management as well as being an Advisory Board member of the World Gold Council and the Treasurer/ Board member of the Paris Institute of Advanced Studies. She also provides advisory services for public asset management covering a range of issues including governance, strategic asset allocation, portfolio management and operational procedures. From 1999 to 2008, she was Deputy and then Director (2003) of Market Operations at the BDF, overseeing monetary policy implementation and reserve management of foreign exchange and gold. From 2008 to 2018, she was Lead Financial Officer in the Treasury division of the World Bank, providing financial services, technical assistance and training to many central banks and global sovereign wealth funds. Prior to this, she held managerial positions in supervising risks successively at the Bank for International Settlements (BIS) and at the BDF. She was a member of several international European Committees including the European Central Bank and the International Monetary Fund. She has spoken at numerous conferences organised by public and private financial institutions and has published several articles on reserve management. She graduated in Economics (PhD Core) at the University of Chicago (USA), in Business at HEC (Haut Enseignement Commercial, Paris) and in Law (Paris-I).