Singapore Bullion Market Association

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December 11, 2025, Hanoi, Vietnam

SBMA delegation at the DOJI headquarters 2025

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December 19, 2025, Singapore

Merry Christmas from the SBMA Secretariat

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Member Exclusive Events

14 Nov 2025

2025 SBMA Annual General Meeting

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SBMA Member Engagement:
Eliz Precious Metals Sdn Bhd

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Newsroom

December 19, 2025, Singapore

Merry Christmas from the SBMA Secretariat

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December 11, 2025, Hanoi, Vietnam

SBMA delegation at the DOJI headquarters 2025

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December 11, 2025, Hanoi, Vietnam

Singapore Bullion Market Association (SBMA) has signed a Memorandum of Understanding (MoU) with the Vietnam Gold Traders Association (VGTA)

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December 11, 2025, Hanoi, Vietnam

“Hanoi Dialogue” between Singapore Bullion Market Association (SBMA) and Vietnam Gold Traders Association (VGTA)

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December 10, 2025, Hanoi, Vietnam

Closed-door meeting hosted by The State Bank of Vietnam (SBV) Board of Governors

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December 10, 2025, Hanoi, Vietnam

Brink's Global Services Networking session for the SBMA delegation in Hanoi, Vietnam

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December 10, 2025, Hanoi, Vietnam

Visit to Malca-Amit's Vietnam Vault and Networking Dinner in Hanoi, Vietnam

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November 14, 2025, Singapore

Congratulations, Margaret Wong! New Leadership Role

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November 14, 2025, Singapore

SBMA Annual General Meeting 2025 Networking Session

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November 14, 2025, Singapore

Congratulations to the Newly Elected SBMA Management Committee (Nov 2025 - Nov 2027)

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November 8, 2025, Malaysia

SBMA Member Engagement:
Eliz Precious Metals Sdn Bhd

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October 15, 2025, Singapore

SBMA Attends Eco-Mastermelt’s 10th Anniversary and Grand Opening of Plant 2

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October 14, 2025, Singapore

“Gold, Dollar, Bitcoin” at the Goldman Sachs Southeast Asia Investor Conference 2025

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October 8, 2025, Singapore

SBMA Hosts Lao Bullion Bank Delegation in Singapore

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September 30, 2025, Singapore

SBMA Members Engagement:
BR Metals Pte Ltd

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September 11, 2025, Bangkok

Visit to Hua Seng Heng HQ exclusive to SBMA Secretariat

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September 11, 2025, Bangkok

Dinner and Networking Drinks hosted by MTS Gold Group, followed by visit to refinery

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September 10, 2025, Bangkok

SBMA at the Networking Reception hosted by the World Gold Council and the Gold Traders Association

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September 10, 2025, Bangkok

Thailand Gold Forum Session moderated by Albert Cheng, CEO of SBMA

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September 10, 2025, Bangkok

SBMA at Thailand Gold Forum 2025

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Singapore Bullion Market Association

September 9, 2025, Bangkok

Dinner hosted by Hua Seng Heng for delegates and their guests

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September 9, 2025, Bangkok

Welcome Tea Party hosted by YLG Bullion at YLG Bullion International Co., Ltd

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September 5, 2025, Laos

SBMA at the inaugural LAO Gold Festival

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September 4, 2025, Laos

SBMA delegation at VIP dinner during the LAO Gold Festival

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September 4, 2025, Laos

SBMA delegation at LAO Bullion Bank (LBB) for a tour of the facility

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August 26, 2025, Vietnam

Vietnam has officially abolished its 13-year state monopoly on gold bar production and trading

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August 15, 2025, Singapore

Preparation for Asia Pacific Precious Metals Conference 2026

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Singapore Bullion Market Association Interview with Silver Bullion TV

August 12, 2025, Singapore

Interview with Silver Bullion TV: Albert Cheng - The Growing Role of Singapore in the Global Gold Trade

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Singapore Bullion Market Association Happy 60th National Day, Singapore!

August 8, 2025, Singapore

Happy 60th National Day, Singapore!

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July 31, 2025, Singapore

SBMA Secretariat attend Finalto’s Mid-Year Toast

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Singapore Bullion Market Association SBMA Members Engagement: AC Precious Metals Refinery Ltd

July 17, 2025, Singapore

SBMA Members Engagement: AC Precious Metals Refinery Ltd

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July 14, 2025, Singapore

SBMA welcomes new member, Matrix Infinitus (Hong Kong) Limited, with their SBMA membership certificate

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June 17, 2025, Singapore

The highest number of exhibitors at the 2025 Asia Pacific Precious Metals Conference 2025

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June 17, 2025, Singapore

Congratulations to the winners of 2025 Predict & Win

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June 17, 2025, Singapore

Congratulations to Metals Focus Ltd on the Launch of Gold Focus 2025 at the Asia Pacific Precious Metals Conference 2025

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June 17, 2025, Singapore

First-ever session curated in collaboration with the International Precious Metals Institute (IPMI) at the 2025 Asia Pacific Precious Metals Conference (8th edition)!

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June 17, 2025, Singapore

SBMA Secretariat at StoneX Precious Metals Client Appreciation Night

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June 17, 2025, Singapore

Announcement of the launch of the Gold Principles Group website during the APPMC2025

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June 16, 2025, Singapore

Heartfelt thanks to our Management Committee (Nov 2023 – Nov 2025)

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June 16, 2025, Singapore

2025 Asia Pacific Precious Metals Conference (8th edition) Green Gala Dinner

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June 16, 2025, Singapore

SBMA and the Japan Bullion Market Association (JBMA) signed a Memorandum of Understanding (MOU)

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June 16, 2025, Singapore

Inaugural Address by Ms Cindy Khoo, Managing Director, Enterprise Singapore at APPMC 2025

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June 16, 2025, Singapore

SBMA CEO Mr Albert Cheng delivered a Special Address: “Forward SBMA 2030 – Connecting Markets, Shaping Futures”

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June 16, 2025, Singapore

Women in Platinum Group Metals (WiPGM) at the Asia Pacific Precious Metals Conference 2025

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June 15, 2025, Singapore

SBMA welcome one of our newest members Lao Bullion Bank to the 8th Asia Pacific Precious Metals Conference 2025

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June 15, 2025, Singapore

SBMA welcome one of our newest members PT Hartadinata Abadi Tbk to the 8th Asia Pacific Precious Metals Conference 2025

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June 15, 2025, Singapore

SBMA welcome one of our newest members Citibank N.A. Singapore as our newest Local Associate Member and to have them join us at the Asia Pacific Precious Metals Conference 2025

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June 15, 2025, Singapore

Singapore Sling Round Table Session at 2025 Asia Pacific Precious Metals Conference (8th edition)

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June 15, 2025, Singapore

Dr. Ferry Irawan, Deputy Minister for Coordination of State-Owned Enterprises Management and Business Development, Coordinating Ministry for Economic Affairs of the Republic of Indonesia, at the Asia Pacific Precious Metals Conference 2025

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June 14, 2025, Singapore

SBMA at ABC Casino Royale Night

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June 14, 2025, Singapore

2025 Asia Pacific Precious Metals Conference (8th edition) Welcome Cocktail Reception

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June 14, 2025, Singapore

2025 Asia Pacific Precious Metals Conference (8th edition) Delegate Badge and Bags

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June 4, 2025, Singapore

Welcome A-Mark Precious Metals, Inc as SBMA Foreign Associate Member

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June 4, 2025, Singapore

5 New Members Admitted in Q2 2025

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May 22, 2025, Singapore

SBMA x DMCC (Dubai Multi Commodities Centre)

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April 23-25, 2025, Indonesia

SBMA's Delegation to Jakarta

ALL PHOTOS
HIGHLIGHTS

April 7, 2025, Singapore

SBMA Members Engagement: SBMA Visit Boroo Pte Ltd

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April 1, 2025, Singapore

SBMA Members Engagement: SBMA Visit Brink’s Global Services Pte Ltd

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March 3, 2025, Singapore

SBMA Members Engagement: SBMA Visit Loomis International (SG) Pte Ltd

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March 3, 2025, Singapore

SBMA Members Engagement: SBMA Visit Malca-Amit Singapore Pte Ltd

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April 4, 2025, Singapore

First SBMA Member Networking Event of 2025

PHOTOS

February 19, 2025, Singapore

SBMA Members Engagement: SBMA Visits HydraX Pte Ltd

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February 13, 2025, Singapore

SBMA Members Engagement: Visit to Mustafa’s Pte Ltd

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February 12, 2025, Singapore

SBMA Members Engagement: Visit to SEA Bullion Pte Ltd

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Singapore Bullion Market Association Dubai Business Group for Bullion and Gold Refinery

February 11, 2025, Singapore

Dubai Business Group for Bullion and Gold Refinery (DBRG) Official Launch

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Singapore Bullion Market Association Celebrating the Year of the Snake with Integral Software Singapore

January 23, 2025, Singapore

Celebrating the Year of the Snake with Integral Software Singapore

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January 22, 2025, Singapore

3rd WGC-SBMA Academy 2025: Gold Industry Training Programme Highlights

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Singapore Bullion Market Association SBMA CEO Albert Cheng Shares Insights on Gold Investment for 2025 on BT Money Hacks Podcast

January 20, 2025, Singapore

SBMA CEO Albert Cheng Shares Insights on Gold Investment for 2025 on BT Money Hacks Podcast

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January 20, 2025, Singapore

SBMA Visits Mahesh & Co as Part of 2025 Member Engagement Initiatives

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Singapore Bullion Market Association MKS PAMP Introduces New Cast Bars Design Leveraging Pioneering AI-Powered Technology

December 19, 2024, Geneva

MKS PAMP Introduces New Cast Bars Design Leveraging Pioneering AI-Powered Technology

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Singapore Bullion Market Association KIS Asia Gold (Ask) Premiums and LBMA PM (US$:oz)

December 19, 2024, Singapore

Team SBMA & KIS wishes you a Merry Christmas

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Singapore Bullion Market Association - Team SBMA wishes you a Merry Christmas

December 16, 2024, Singapore

Team SBMA wishes you a Merry Christmas

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3rd WGC-SBMA GOLD INDUSTRY TRAINING PROGRAMME

December 13, 2024, Singapore

3rd WGC-SBMA Gold Industry Training Programme - Registration Closed

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Singapore Bullion Market Association SBMA at CME Group Exclusive Metals Networking Reception

December 11, 2024, Singapore

SBMA at CME Group Exclusive Metals Networking Reception

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December 4, 2024, Singapore

Global Precious Metals Annual Christmas Party

Thank you to Global Precious Metals for hosting SBMA at your wonderful Christmas party on Wednesday evening.
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Singapore Bullion Market Association SBMA 2024 Annual General Meeting

November 29, 2024, Singapore

SBMA 2024 Annual General Meeting

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SBMA at Japan Bullion Market Networking Party (JBMA) 2024

November 20, 2024, Tokyo, Japan

SBMA at Japan Bullion Market Networking Party (JBMA) 2024

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SBMA Visits Brinks Japan

November 19, 2024, Tokyo Japan

SBMA Visits Brinks Japan

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SBMA at Women in Platinum Group Metals (WiPGM) Round Table 3

November 19, 2024, Tokyo, Japan

SBMA at Women in Platinum Group Metals (WiPGM) Round Table

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Singapore Bullion Market Association Newsroom A Catalyst for Global Connectivity

November 14, 2024, Jakarta, Indonesia

SBMA: A Catalyst for Global Connectivity

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October 13-15, 2024, Miami, Florida USA

LBMA/LPPM GLOBAL PRECIOUS METALS CONFERENCE 2024

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October 9, 2024, Vientiane, Laos

SBMA Signs MOU With Lao Bullion Bank (LBB) to Strengthen Cooperation and Develop the Precious Metals Hub in Laos

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Singapore Bullion Market Association

September 23, 2024, Singapore

SBMA Delegation to Laos Cancelled

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Singapore Bullion Market Association Management and Lao Bullion Bank Discuss Plans

September 4, 2024, Singapore

SBMA Management and Lao Bullion Bank Discuss Plans for Upcoming Laos Delegation

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Singapore Bullion Market Association

September, 2024

Welcoming Five New Associate Members to SBMA in Q3 2024

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Singapore Bullion Market Association congratulates Silver

August 22, 2024, Washington, DC

SBMA congratulates Silver Institute newly elected new officers

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Singapore Bullion Market Association

August 21, 2024, Singapore

SBMA Explores Strategic Collaboration with Laos Bullion Bank

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SBMA-MTS-Gold-Group-K-Plus

August 19, 2024, Thailand

Congratulations to our SBMA member, MTS Gold Group, on their exciting partnership with KBank

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August 9-11, 2024, Setia Spice Convention Centre, Penang

Penang Signature Gold, Gems & Jewellery Fair (PSG) 2024

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Singapore Bullion Market Association August 9 National Day

August 9, 2024, Singapore

Celebrating Singapore’s 59th National Day: A Message from SBMA

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July 26-28, 2024, National Convention Center (Shanghai), China

China Gold Congress and Expo 2024

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July 22, 2024, Singapore

SBMA proudly congratulates Frank C., managing director, BR Metals Pte Ltd

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July 5, 2024, Singapore

HydraX team presents at MC meeting

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June 13, 2024, Singapore

SBMA x KIS

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July 11, 2024, MBS Expo and Convention Centre Halls, Singapore

Singapore International Jewelry Expo (SIJE) 2024

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Upcoming Events

16

JAN

Singapore

4th WGC-SBMA Gold Academy

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14

JUN

Singapore

2026 Asia Pacific Precious Metals Conference (9th edition)

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17

SEP

Hong Kong

Jewellery & Gem World Hong Kong 2025

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12

SEP

Novotel & Pullman Aerocity New Delhi, India

India Gold Conference

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10

SEP

Bangkok, Thailand

Thailand Gold Forum

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29

OCT

Shanghai, China

2025 International Precious Metals Forum

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Mr Bernard Sin

Regional Director, Greater China
MKS PAMP (Singapore) Pte Ltd
Regional Director of Greater China since 2020, and previously Head of Trading. Bernard joined MKS PAMP as a country representative of Singapore in 1996 and moved to Switzerland in 1997. He holds an MBA in International Business from the European University in Geneva. Prior to joining MKS PAMP, Bernard worked 6 years for Standard Chartered Bank in Singapore and Hong Kong as an FX and Bullion Dealer.

SBMA-Albert-secretariat

Albert Cheng

Chief Executive Officer

Albert Cheng joined the World Gold Council in March 1993 as a Regional Manager, becoming Managing Director, Far East in 2003. He retired at the end of March 2015 and was subsequently named its Advisor. He has also been an International Advisor to the Shanghai Gold Exchange since 2002.

His marketing career began with Dentsu Young & Rubicam, Hong Kong in the early 80’s. He began gold marketing in July 1985 when he joined the Royal Canadian Mint as a Regional Manager for Southeast Asia.

He was appointed honorary CEO of SBMA in November 2015. He is responsible for the success and strategic development of SBMA in partner with the Chairman and the Management Committee. Also, he is responsible for maintaining accountability to and the quality of, the Association’s Membership and the annual Asia Pacific Precious Metals Conference (APPMC) as well as representing the interests of the Association in relation to regulators, investors, media and international precious metal markets, and also responsible for all the legal and regulatory aspects of the work of the Association.

SBMA-margare-secretariat

Margaret Wong

BUSINESS DIRECTOR

Margaret Wong, Business Director at SBMA (Singapore Bullion Market Association), brought valuable experience from her previous role at the World Gold Council (WGC). Her tenure at WGC provided her with extensive exposure to the gold community in Singapore and the broader region. This background has been instrumental in establishing strong working relationships within the industry.

Margaret’s role at SBMA encompasses a diverse range of responsibilities. She oversees office management, business support processes, finance, and administrative functions essential for the smooth operation of the team and management committee. Additionally, Margaret handles membership matters, member communications, and addresses public inquiries related to SBMA.

One of Margaret’s key responsibilities is coordinating with the Event Management Company for SBMA’s prestigious annual event, the Asia Pacific Precious Metals Conference. This flagship conference plays a crucial role in the industry, making her involvement pivotal in its success.

Described as resourceful and self-motivated, Margaret Wong brings a wealth of skills and experience to her role at SBMA, ensuring efficient operations and effective engagement within the precious metals community in Singapore and beyond.

SBMA Secretariat-Fabian-Lew

Fabian Lew

MARKETING & COMMUNICATIONS OFFICER

Fabian was a Business Development and Marketing Associate before joining SBMA. He graduated from Singapore Management University with a Bachelor’s degree in Economics.

He has joined SBMA since February, 2022.

Ms Crystal Xu

Vice President
TD Securities
Based in Singapore, Crystal has over a decade of experience in the metals market, specializing in trading, structuring, and delivering solutions for institutional and commercial clients across Asia. She leads initiatives spanning both physical and derivative products and plays a central role in advancing TD’s regional metals strategy. With deep expertise in market dynamics and strong cross-functional collaboration, she helps drive business growth, product innovation, and risk-informed decision making across the firm’s Asia-Pacific platform.

SECRETARIAT SBMA Clara-Chang

Clara Chang

MARKETING & COMMUNICATIONS EXECUTIVE
Clara Chang joins SBMA as the Marketing & Communications Executive, enriching the team with her extensive experience in content creation, social media management, and digital marketing. Prior to joining SBMA, Clara held the position of Marketing Executive at her previous job. She holds two bachelor’s degrees from the University at Buffalo, one in International Trade and another in Geographical Information Science. Her core duties will include maintaining the SBMA website, managing the quarterly Crucible newsletter, among other responsibilities.

SECRETARIAT SBMA-Emily-Oh

Emily Oh

OPERATIONS & ADMIN EXECUTIVE
Emily Oh is the Operations & Admin Executive, a seasoned professional who values teamwork and effective communication. She is skilled at adapting to new challenges and takes a proactive and resourceful approach to every task. Before joining SBMA, Emily had experience coordinating international travel arrangements and spearheading community initiatives. Her role at SBMA will be providing operational and administrative support for projects and other matters to the team.

Singapore Bullion Market Association Secretariat-Lee-Jia-Yi

Lee Jia Yi

OPERATIONS & ADMIN EXECUTIVE
Before joining SBMA, Jia Yi worked as an Admin & Reporting Officer in her previous role. She holds a Diploma in Business & Social Enterprise from Ngee Ann Polytechnic. Jia Yi is responsible for managing and maintaining physical and digital files in SBMA, supporting invoicing processes, reconciling receivables and payables, coordinating meetings and conferences. Additionally, she will provide support to the team and assist the Business Director in managing the Association’s office operations and general administrative activities.

Ms Pawan Nawawattanasub

Ms Pawan Nawawattanasub

CEO
YLG Bullion Singapore Pte Ltd

Pawan is the CEO of YLG Bullion Singapore and founder of YLG Bullion International. She has almost 40 years of experience in the jewellery industry and established YLG in Thailand in 2003. In 2012, she brought YLG to Singapore. She sits on the Board of Directors of the Thailand Gold Traders Association, the Thailand Futures Exchange’s Arbitration Committee, and the Rotary Bangkok committee. She holds a master’s degree in Political Science.

SBMA-Shaokai-Fan

Mr Shaokai Fan

Head of Asia-Pacific (ex China) and Global Head of Central Banks
World Gold Council
Shaokai Fan is the Global Head of Central Banks at the World Gold Council, responsible for advising governments on gold matters, and enhancing the gold market through engagement, dialogue, and thought leadership. He works directly with central banks and sovereign wealth funds on investment considerations. Prior to this position, Shaokai held multiple roles at Standard Chartered Bank, including Director for Asia Strategic Initiatives and Associate-Director for Public Sector coverage. Shaokai holds a Masters of Public Administration from Columbia University and the London School of Economics, and an undergraduate degree in finance and economics from New York University.

SBMA-Committee-Alan-Liew

Mr Alan Liew

Head of Bullion & Commodities Trading
United Overseas Bank Limited
Alan is Head of Bullion and Commodities Trading for Group Trading in Global Markets, United Overseas Bank (UOB). Alan joined UOB and started the bank’s commodities trading business in 2014, previously he spent eight years in Standard Chartered Bank (SCB) trading both precious and base metals. During his tenure at SCB, he obtained the SGE gold trader licence and was part of the pioneering team for the SGE business and the FX quantitative trading team. Prior to trading, he worked for Monetary Authority of Singapore in the Financial Risk Management Division. He holds a BSc (Hon) in Computer Science at National University of Singapore and a MSc in Financial Engineering at Nanyang Technological University.

SBMA Committee-KL-Yap

Mr KL Yap

General Manager, Singapore Refining Business Unit
Metalor Technologies (Singapore) Pte Ltd
KL YAP is the General Manager of Metalor Technologies (Singapore) Pte Ltd’s Singapore Refining Business Unit. He joined Metalor in 2013, initially in Refining Sales. In 2014, he became Refining Business Unit Manager, leading the development of a new precious metal refinery. KL was Vice Chairman of SBMA from 2017 to 2021, now serving as Chairman. With a degree in business commerce, finance, and marketing, he brings prior experience from refinery and heavy industries.

SBMA Committee-Photo-Vinh-Nguyen

Mr Vinh Nguyen

Head of Precious Metals, Asia
StoneX APAC Pte Ltd

Vinh Nguyen joined StoneX Group in Singapore at the beginning of 2008 and responsible for its APAC precious metals activities since 2019 until now.

SBMA Committee-Photo-Kazuya-Naoki

Mr Kazuya Naoki

Head of Metals, Asia
ICBC Standard Bank Plc, Singapore Branch

Kazuya (Kaz) Naoki is the Head of Metals, Asia of ICBC Standard Bank in Singapore and is responsible for the precious & base metals sales and trading in the region. He joined Standard Bank Plc Tokyo Branch in 2008 and was relocated to its Singapore Branch in 2013 whose controlling stake was acquired by the Industrial and Commercial Bank of China in 2015. Prior to joining Standard Bank, Kaz spent 11 years focusing on commodity trading and risk management with Mitsui & Co in Tokyo, Sydney and London. Kaz has been serving on the SBMA Management Committee since 2016.

SBMA Committee-Photo-Andrew-Clarke

Mr Andrew Clarke

Head of Brink’s Global Services
Brink’s Global Services Pte Ltd

Andrew Clarke is the Head of BGS (Brink’s Global Services) for Singapore, Indonesia, Malaysia and Brunei. He has held various leadership positions throughout his career in secure logistics and risk management with Brink’s, which started in Hong Kong in 2010. Andrew relocated to Singapore in 2018 to expand the precious metals line of business along with Brink’s portfolio of services and industries.

SBMA Committee-Photo-Raman-Walia

Mr Raman Walia

Executive Director, Head of Commodities Sales – APAC
JP Morgan Chase Bank N.A.

Raman is Executive Director and Head of Commodities Sales, APAC, for J.P. Morgan. He joined JPMorgan in 2008 in New York, moved to Singapore in 2011, and helped expand the precious metals business in the region. Raman has an MBA from Cornell University, and likes to travel in his spare time.

SBMA-Committee-khun nuttapong

Mr Nuttapong Hirunyasiri

CEO
MTS Gold Global Trading Pte Ltd
Nuttapong Hirunyasiri is the CEO of MTS Gold Group, one of Thailand’s top 10 companies and top 3 bullion companies. He started MTS Gold Group’s first overseas office in Singapore and has been expanding the group business internationally. He focuses on product development and innovation for gold investment, with the aim of being a leader in providing the full suite of gold investment services in the ASEAN region.

SBMA-Committee-Nikos

Mr Nikos Kavalis

Managing Director
Metals Focus Singapore Pte Ltd
Nikos Kavalis is a founding partner of Metals Focus. He has over 20 years of experience in precious metals, having previously worked for the Royal Bank of Scotland and GFMS. Since September 2019, Nikos has been based in Singapore, where he also runs the local subsidiary of Metals Focus.