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Andrew Quinn appointed LBMA Non-Executive Director

Friday, October 14, 2016

The LBMA is pleased to announce the appointment of Andy Quinn as (its second) Non-Executive Director.

He currently serves as a director of Randgold Resources Ltd, the Africa focussed FTSE 100 gold mining company, where he chairs the Remuneration Committee and is also a member of the Audit Committee. Having served on the Board since 2011, he takes up his role of Senior Independent Director of Randgold at the end of October.

A 40 year veteran of the mining industry, Andy graduated with a BSc (Hons) in Mineral Exploitation (mining engineering) from Cardiff University. He began his career in Anglo American's gold division in South Africa in 1975, holding various management and technical positions. He worked briefly for Greenbushes Tin in Australia before joining the Mining Journal in 1982 as editor of its gold publications. In 1984 he joined James Capel (later HSBC Investment Banking), ultimately heading its mining corporate finance activities for 6 years from late 1989, before joining the Canadian Imperial Bank of Commerce (CIBC) in 1996. Andy retired at the end of 2011 from his position as CIBC's head of mining investment banking for Europe and Africa after 15 years in the role. He is a member of the Institute of Materials, Minerals and Mining.

Andy is the second Non-Executive Director for the LBMA, following the appointment of former Deputy Head of the PRA, Dr Paul Fisher. He was selected following an independent search conducted by the Executive search firm, Demeter. The Board will be adding a third and final NED in early 2017.

Executive Appointment – Sakhila Mirza, General Counsel

In addition to Andy Quinn, the Board has also appointed Sakhila Mirza, LBMA General Counsel, as an Executive Director. The LBMA has expanded its scope and responsibilities over the years, by launching the Responsible Gold Guidance in 2012, taking ownership of the intellectual property rights in the benchmarks in 2014, and more recently, drafting and owning the Precious Metals Code. With increased responsibility comes increased risks, and it is advantageous to have a General Counsel on the Board who is able to address the risks from both a legal and business perspective.

Ruth Crowell, Chief Executive of the LBMA commented on the appointments “I am delighted to announce the appointment of Andy Quinn to the LBMA Board. He brings with him a wealth of experience in the gold mining industry. His appointment further strengthens the independence and experience of the Board, as well as adds a valuable skillset thanks to the wealth of his mining industry background.

I’m also personally delighted that Sakhila Mirza, LBMA General Counsel has been recognised for her significant contribution to the Association’s work and strategic development through her appointment to the Board.”

For further information please contact:
Aelred Connelly
PR Officer
Tel: +44 (0)20 7796 3067