LBMA/LPPM Global Precious Metals Conference 2025 - Kyoto

Please note some presentation slides and speeches are not available online. Please get in touch with events@lbma.org.uk for further information.

Programme of sessions and speakers

Day 1

Monday
27 October

Session 1: Opening Session & Keynote Addresses

Ruth Crowell
Chief Executive, LBMA

Paul Fisher
LBMA Chairman

Peter Zoellner
Chairman, LBMA

Dr. Jonathan Butler
Metals Sales Director, TD Securities

Hiroshi Nakaso
Chairman, Daiwa Institute of Research (DIR)

Session 2: Precious Metals: A Refuge in Uncertain Times

Moderator: John Reade - Chief Market Strategist, World Gold Council

John Reade
Chief Market Strategist, World Gold Council

Saad Rahim
Chief Economist, Trafigura

Amir Ravan
Senior Portfolio Manager, Commodities, Jain Global

Wayne Gordon
Managing Director, Chief Investment Office, UBS

Session 3: Market Update from SGE

Dr. Zeng Hui
Vice President, Shanghai Gold Exchange

Session 4: Sustainability and Responsible Sourcing: ASM, GDLs and Central Banks

Moderator: Alan Martin, Head of Responsible Sourcing, LBMA

Alan Martin
Head of Responsible Sourcing, LBMA

Enkhjin Atarbaatar
Director General of the Financial Markets Department, Central Bank of Mongolia

Dr. Robin Kolvenbach
Co-CEO, Argor-Heraeus SA, Mendrisio (Switzerland)

Gregory Mthembu-Salter
Director, Phuzumoya Consulting

Maribeth Borja
Head, Gold Buying Station – Quezon City and Materials Control Manager, Mint and Refinery Operations Department, Bangko Sentral ng Pilipinas

Session 5: PGMs in the Spotlight: Market Demand Meets Recycling Innovation

Moderator: David Jollie, Head of Sales and Market Insight, Anglo American Platinum

David Jollie
Global Head of Sales, Valterra Platinum

Lou Britton
CTO, Auris Noble

Dr. Katsuhiko Hirose

Taketomo Washida
Managing Director, Tokuriki Honten

Ming Wen
Director of State key Laboratory of Precious Metal Functional Materials, Sino-Platinum Metals Co., Ltd.

Day 2

Tuesday
28 October

Session 6: Keynote Address - The Driver of Three Ts: Trump, Tariff and Trade

Richard Koo
Chief Economist, Nomura Research Institute

Session 7: Safety, Returns and Liquidity - Why Gold Still Matters for Central Banks

Moderator: Peter Zoellner, Former Head of Banking Department, Bank for International Settlements

Peter Zoellner
Chairman, LBMA

Heung-Soon Jung
Director of Reserve Investment Division, Reserve Management Group, Bank of Korea

Katarzyna Zajdel-Kurowska
Director, Asset Management and Advisory, World Bank

Jaime Cortina
Head of Treasury, Bank for International Settlements

Joaquin Tapia
Director of Foreign Exchange Reserves, Banco de Mexico

Session 8: Metals in Motion

Moderator: Adrian Ash, Director of Research, BullionVault

Adrian Ash
Director of Research, BullionVault

Mark Woolley
Senior Vice President, BGS Europe at Brinks Global Services

Tim Murray
Director, Precious Metals Management, Johnson Matthey

Joseph Stefans
Head of Trading, MKS PAMP

Steven Smith
Head of Precious Metals Origination Americas, HSBC

Session 9: Silver Market: Opportunities and Challenges

Moderator: Rhona O'Connell, Head of Market Analysis, EMEA & Asia, StoneX

Rhona O'Connell
Head of Market Analysis, EMEA & Asia, StoneX

Bart Melek
Managing Director & Global Head of Commodity Strategy, TD Securities

Nobuyasu Tsutsumi
Procurement Manager, Precious Metals, PGMs & Base Metals, Shoei Chemical Inc.

Jan Bączkiewicz
Commercial Operations Director, KGHM Polska Miedź S.A.

Session 10: Outlook for Asian Gold Demand

Moderator: Nikos Kavalis, Director, Metals Focus Ltd

Nikos Kavalis
Director, Metals Focus

Roland Wang
Regional CEO - China, World Gold Council

Bruce Ikemizu
Chairman, JBMA

Dileep Narayanan
Head - Bullion and Treasury, Malabar Group

Session 11: Delegate Feedback & Closing Remarks

Ruth Crowell
Chief Executive, LBMA

Suki Cooper
Global Head, Commodities Research, Standard Chartered Bank

James Steel
Chief Precious Metals Analyst, HSBC Bank USA NA