LBMA Annual Report 2023
Membership, Communications and Engagement
Membership
Since updating the membership entry criteria last year, LBMA has seen a significant increase in the number of organisations applying for membership. The range of new organisations joining the Association, as well as the global spread of new Members, indicates that LBMA membership remains a unique offering for participants in the global precious metals market.
We have seen 18 new Members join the Association this year, which is a record amount. In addition, LBMA has launched a Relationship Manager model, designed for LBMA to better engage with its Members. This means that each Member now has a specific point of contact at LBMA who can assist them with enquiries.
Over the last 10 years, LBMA has seen many changes within its membership. In 2013, LBMA had 137 Member organisations split between 11 Market Making Members, 62 Full Members and 64 Associates. In 2020, LBMA underwent a review and subsequent update of its membership classifications and introduced the new Affiliate Member classification which replaced the former Associate classification.
LBMA membership now consists of 160 Members, made up of 11 Market Making Members, 81 Full Members, and 68 Affiliate Members. 160 Members is the highest number of Members LBMA has ever had. The increasingly global nature of LBMA membership can be seen in the wide array of countries that are represented. LBMA has Members from 24 countries, spanning five continents and all major bullion centres.
LBMA would like to welcome its new Members that have been admitted this year, which include:
China Platinum Company – Full Member
Deutsche Bank AG – Full Member
Velocity Trade International – Full Member
Raiffeisen Switzerland – Full Member
Tenn Trading – Full Member
Tradition Dubai Ltd – Full Member
Anglo Platinum Marketing Limited – Affiliate Member
Ashoka Global DMCC – Affiliate Member
Ava Global Logistics Ltd – Affiliate Member
Aurum International FZC – Affiliate Member
C. Hafner GmbH + Co. KG – Affiliate Member
GoldCore Limited – Affiliate Member
Jewellery Quarter Bullion Ltd – Affiliate Member
PX Précinox SA – Affiliate Member
Sequel Logistic Pvt Limited – Affiliate Member
Silver Bullion Pte Ltd – Affiliate Member
Techemet Metal Trading LLC – Affiliate Member
Ziemann Valor GmbH – Affiliate Member
