Toronto, Ontario – Nov. 8, 2011 – In its efforts to continually pursue the highest global standards for bullion purchase, storage, integrity and security for its clients, Bullion Management Group Inc. (BMG) is pleased to announce it has been accepted as an Associate Member of The London Bullion Market Association (LBMA). BMG is one of only two companies in Canada to achieve Associate Membership status.
LBMA is a wholesale, over-the-counter market for trading gold and silver. Its members include the majority of the central banks that hold gold, plus producers, refiners, fabricators and other traders throughout the world. LBMA's current membership stands at 133 companies in 20 countries.
“On behalf of BMG’s present and future bullion clients, we are very proud of attaining the status of Associate Member,” said Nick Barisheff, president and CEO of BMG. “This will further validate our high standards and business practices with regard to bullion purchases and storage of Good Delivery bars through the Canadian LBMA member bank that acts as our custodian. Our membership in LBMA will also enhance our professional relationships with financial advisors, wealth managers, institutional investors, pension fund managers and BMG Authorized Dealers globally."