Singapore Bullion Market Association

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Article List

Annual General Meeting 2018


Published on January 17, 2019

SBMA’s annual general meeting was an occasion for members and associates to catch up at the tail end of a busy year, while hearing about the association’s activities in the past year, and what’s in store for 2019.

Chairman Martin Huxley formally welcomed six new associate members and three foreign associate members to SBMA, which brings the total number of members to 47. It was highlighted that the new membership category, Affiliate Member, which was introduced in the past year, has already two members – Myanmar Gold Development Public Company Limited and Tomei Gold & Jewellery Holdings (M) Sdn Bhd.

“The past year has been a good year of progress, and 2019 looks to be a year of note”, said Mr Huxley, who highlighted the greater prominence and stronger position of SBMA in the bullion community in Singapore and Southeast Asia.

He thanked members for their contribution to the successful second edition of the Asia-Pacific Precious Metals Conference (APPMC) held in June 2018, which saw a higher number of delegates than the year before.

Mr Huxley also pointed out the association’s growing online presence following the website redesign earlier in the year, which has prompted an increase in website traffic, with 58% growth and 29% increase in page views, as well as increased social media presence, with engagement growing across Twitter, Facebook, Google My Business, and LinkedIn.

With the SBMA being financially healthy, with revenue generated from different streams including membership dues, LEAD funding, and the APPMC, he reaffirmed SBMA’s aim to play a greater role in the region’s bullion industry.

SBMA CEO Albert Cheng spoke about how the association is working with potential entrants to the ASEAN bullion market to use Singapore as a gateway to the region’s growing economies, and how the association is working with authorities and industry members in various Southeast Asian countries to open up their markets and bring them in line with regional and global standards.

Lastly, he asked for the contribution and continued support of SBMA members for the forthcoming APPMC, to be held on 9-11 June 2019 at Park Royal Beach Road. The third edition of APPMC will have a focus on building a sustainable gold hub in ASEAN, and will include an ASEAN update, technology panel, and an Australian component in its proceedings.

Finally, Mr Jason Chan from Allen & Gledhill was elected as SBMA’s honorary legal counsel.

SBMA Announces Honorary Legal Counsel

SBMA is pleased to announce the appointment of Jason Chan as the new honorary legal counsel for SBMA, effective from 19 November, 2018. Jason, a partner in Allen & Gledhill’s Litigation & Dispute Resolution department, was elected for a one-year tenure at the recent SBMA Annual General Meeting.

Jason’s practice focuses on commercial litigation, investigations and international arbitration. As a former Deputy Public Prosecutor and judicial officer, Jason often advises on regulatory and white-collar criminal cases, including market misconduct, regulatory breaches, corporate fraud and corruption.

Jason joined the Singapore Legal Service after graduation in 2002, and was appointed as a Justices’ Law Clerk to the Chief Justice and the Judges of Appeal in the Supreme Court of Singapore. He was appointed as a Deputy Public Prosecutor and State Counsel in the Attorney-General’s Chambers in 2004. In 2007, Jason was appointed as an Assistant Registrar of the Supreme Court of Singapore, and a District Judge of the Subordinate Court. In 2010, Jason joined Allen & Gledhill, and was named as a partner in 2011.