Singapore Bullion Market Association

SBMA MANAGEMENT COMMITTEE

Management Committee

Nov 2023 – Nov 2025

SBMA affairs are administered by the Management Committee, elected bi-annually by SBMA members at the Annual General Meeting. They hold their offices for a term of two years. The Management Committee oversees and defines the role of the SBMA in the development of the Singapore bullion Market. The committee also sets the strategic direction on all other sub-committees of the association, audits the association’s accounts and sets the annual budget.

OUR MANAGEMENT COMMITEE

OFFICE BEARERS

  • KL Yap, General Manager, Refining Business Unit, Metalor Technologies (Singapore) Pte Ltd (Chairman)
  • Vinh Nguyen, Head of Precious Metals, StoneX APAC Pte Ltd (Vice Chairman)
  • Kazuya Naoki, Head of Metals, Asia, ICBC Standard Bank PLC, Singapore Branch (Hon. Secretary)
  • Andrew Clarke, Head of Brink’s Global Services — Singapore, Malaysia, Indonesia & Brunei (Hon. Treasurer)

COMMITTEE MEMBERS

  • Raman Walia, Executive Director, Head of Commodities Sales, APAC – JP Morgan Chase Bank N.A.
  • Nikos Kavalis, Managing Director – Metals Focus Singapore Pte Ltd
  • Nuttapong Hirunyasiri, CEO – MTS Gold Global Trading Pte Ltd
  • John Levin, Global Metals – TD Securities
  • Alan Liew, Head of Bullion and Commodities Trading – United Overseas Bank Limited (UOB)
  • Shaokai Fan, Head of Asia-Pacific (ex China) and Global Head of Central Banks, World Gold Council
  • Pawan Nawawattanasub, CEO, YLG Bullion Singapore Pte Ltd

SUB-COMMITTEES

MEMBERSHIP COMMITTEE

  • ICBC Standard Bank PLC, Singapore Branch (Chair)
  • StoneX APAC Pte Ltd
  • Metalor Technologies (Singapore) Pte Ltd
  • YLG Bullion Singapore Pte Ltd

PUBLIC AFFAIRS COMMITTEE

  • World Gold Council (Singapore) Pte Ltd (Chair)
  • StoneX APAC Pte Ltd
  • Silver Bullion Pte Ltd
  • TD Securities

FINANCE COMMITTEE

  • StoneX APAC Pte Ltd (Chair)
  • Brink’s Global Services Pte Ltd
  • World Gold Council (Singapore) Pte Ltd
  • Enterprise Singapore

STRATEGIC REVIEW COMMITTEE

  • Metalor Technologies (Singapore) Pte Ltd (Chair)
  • Brink’s Global Services Pte Ltd
  • StoneX APAC Pte Ltd
  • TD Securities
  • World Gold Council (Singapore) Pte Ltd
  • Enterprise Singapore

RETAIL INVESTMENT COMMITTEE

  • Silver Bullion Pte Ltd (Chair)
  • GoldSilver Central Pte Ltd
  • Metalor Technologies (Singapore) Pte Ltd
  • YLG Bullion Singapore Pte Ltd
  • World Gold Council (Singapore) Pte Ltd

MANAGEMENT COMMITTEE MEMBERS PROFILES

SBMA Committee-KL-Yap

Mr KL Yap

General Manager, Singapore Refining Business Unit
Metalor Technologies (Singapore) Pte Ltd
SBMA Committee-Photo-Vinh-Nguyen

Mr Vinh Nguyen

Head of Precious Metals, Asia
StoneX APAC Pte Ltd
SBMA Committee-Photo-Kazuya-Naoki

Mr Kazuya Naoki

Head of Metals, Asia
ICBC Standard Bank Plc, Singapore Branch
SBMA Committee-Photo-Andrew-Clarke

Mr Andrew Clarke

Head of Brink’s Global Services
Brink’s Global Services Pte Ltd
SBMA Committee-Photo-Raman-Walia

Mr Raman Walia

Executive Director, Head of Commodities Sales – APAC
JP Morgan Chase Bank N.A.
SBMA-Committee-khun nuttapong

Mr Nuttapong Hirunyasiri

CEO
MTS Gold Global Trading Pte Ltd
SBMA Committee-Photo-john-levin

Mr John Levin

Global Metals
TD Securities
SBMA-Committee-Nikos

Mr Nikos Kavalis

Managing Director
Metals Focus Singapore Pte Ltd
SBMA-Committee-Alan-Liew

Mr Alan Liew

Head of Bullion & Commodities Trading
United Overseas Bank Limited
SBMA-Shaokai-Fan

Mr Shaokai Fan

Head of Asia-Pacific (ex China) and Global Head of Central Banks
World Gold Council

Ms Pawan Nawawattanasub

CEO
YLG Bullion Singapore Pte Ltd