Singapore Bullion Market Association

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Latest News

31 July 2025

Singapore gold investment soars 37% to 2.2 tonnes in Q2 while jewellery demand wanes

LEARN MORE

Featured News

20 June 2025

More Singaporeans investing in gold amid price rise and greater ease of access

19 February 2025

China’s Insurance Funds Inject New Vitality into Global and Domestic Gold Markets

20 January 2025

Gold expected to continue bullish trend

All Related News

31 July 2025

Singapore gold investment soars 37% to 2.2 tonnes in Q2 while jewellery demand wanes

19 June 2025

More Singaporeans investing in gold amid price rise and greater ease of access

12 May 2025

Gold’s enduring appeal in a fractured world

30 April 2025

Singapore investors buy 2.5 tonnes of gold bullion in Q1, the most since 2010

20 February 2025

Gold scales new high on Trump tariff concerns

19 February 2025

China’s Insurance Funds Inject New Vitality into Global and Domestic Gold Markets

19 February, 2025

Gold rises as Trump tariff uncertainty fuels safe-haven demand

11 February 2025

Fresh Trump tariffs catapult gold prices to record high

10 February 2025

Chinese buyers forced to sidelines as gold prices near US$3,000

20 January 2025

BT Money Hacks: Is Gold a glittering investment in 2025?

20 January 2025

Gold expected to continue bullish trend

16 January 2025

Gold hits over one-month peak on Fed rate-cut hopes

13 January 2025

Gold beats STI, Hong Kong-listed tech to be top-traded ETF on SGX in 2024

6 January 2025

Gold investors stay bullish for 2025 on Trump volatility fears

25 November 2024

Singapore gold investment soars 37% to 2.2 tonnes in Q2 while jewellery demand wanes

21 August 2024

Gold hits record highs as investors bet on rate cuts

Singapore Bullion Market-Gold hits record highs as investors bet on rate cuts

30 July 2024

Wealthy investors help drive surging demand for gold

18 June 2024

Asian gold buying spree burnishing Singapore’s status as precious metals hub

SBMA-Asian gold buying spree burnishing Singapore’s status as precious metals hub

13 June 2024

Singapore set to become a leading gold hub — report

12 June 2024

Gold rush grips Asia despite near-record prices

SBMA Gold rush grips Asia despite near-record prices

12 June 2024

Gold rush to endure through 2024 though $3,000 mark may prove elusive

11 June 2024

Singapore to become world’s leading gold trading hub

11 June 2024

Singapore is set to lead the gold market as ‘center of gravity’ shifts east, World Gold Council says

01 March 2024

Gold Seen Surpassing 2023's Record High This Year Amid Persisting Geopolitical Risks, Inflation Concerns

28 February 2024

More Singapore businesses will have to report sustainability information, starting with listed firms in 2025

Singapore Bullion Market Association More Singapore businesses

28 February 2024

Gold Price to Average US $2,059 an Ounce This Year, Up 6% From 2023

12 July 2023

SBMA Honorary Counsel Jason Chan: Southeast Asia’s Top 15 Litigators 2023

4 July 2023

China Gold News covers 2023 Shanghai Platinum Week (中文版)

2 June 2023

Silver Bullion Becomes the First Southeast Asian Member of the LBMA

17 February 2023

Public Gold launches first gold dispensing ATM

24 November 2022

BR Metals plans ahead to last into its golden years

18 October 2022

Gold Industry Commits to Responsibility and Sustainability Principles Declaration

19 September 2022

Gold Futures (“FGLD”) Re-Launch Ceremony

27 June 2022

Gold ATMs increase the convenience of buying gold

8 June 2022

Gold’s haven appeal burnished by drumbeat of growth warnings

17 December 2021

Boroo Pte Ltd Joins the Singapore Bullion Market Association

21 November 2021

CNA Interview with CEO Albert Cheng – ‘Digital gold’ gaining popularity amid price rally

5 November 2021

[Members News] ABC Refinery’s New Accreditation as a LBMA Good Delivery Silver Refiner

September 2021

Alchemist 102: SBMA Successfully Concludes First Virtual APPMC

14 April 2021

LBMA Spotlight on Silver Investment 2021

12 April 2021

[Members News] Singapore Dealer Prepares Vault for 15,000 Tons of Silver

25 February 2021

World Gold Council: Tremendous Potential for Gold in 2021

4 February 2021

India Welcomes Lower Import Duties for Gold

3 December 2020

LBMA Asia Update 2020

1 November 2020

[Members News] ABC Bullion Launches New Platinum Minted Range

SBMA - ABC Bullion

13 September 2020

疫情暴发拉抬黄金地位

14 August 2020

Channel 8 Frontline’s interview with CEO Albert Cheng

Singapore Bullion Market Association Growth & Innovation in Gold: The ABC Story

6 August 2020

Gold soars to record high; some see correction soon

CEO Albert Cheng was interviewed by The Business Times

Singapore Bullion Market Association Growth & Innovation in Gold: The ABC Story

4-5 June 2020

Webinars with SGX (June 4, 5)

14 April 2020

An interview with CEO Albert Cheng on the impact of Covid-19 to the ASEAN Gold Market

Singapore Bullion Market Association Growth & Innovation in Gold: The ABC Story

26 March 2020

The Day the EFP Broke

31 January 2020

The Gold-Silver Ratio is Indicative of Global Deflation

Crucible Issue 32 The Silver Institute: The Voice for the Global Silver Industry Singapore Bullion Market Association

17 December 2019

Tech-savvy Singapore’s golden future

14 October 2019

Alchemist 95: SBMA’s Silver Jubilee & Beyond

Crucible30-SBMA-LBMA-Article

17 September 2019

Investors pull gold from Hong Kong as tensions rise

Crucible30-SBMA-LBMA-Article

12 June 2019

Singapore aims to become Asia’s gold hub

Crucible30-SBMA-LBMA-Article

12 June 2019

Singapore Grows Regional Gold Hub Status

10 June 2019

3rd Asia Pacific Precious Metals Conference Highlights

Crucible30-SBMA-LBMA-Article

23 April 2019

Singapore Plays Pivotal Role in Building a Sustainable Precious Metals Hub in ASEAN

Crucible30-SBMA-LBMA-Article

12 February 2019

MinLaw – Precious Stones and Precious Metals (Prevention of Money Laundering and Terrorism Financing) Bill

Crucible30-SBMA-LBMA-Article

8 February 2019

Demand for Gold to Remain Strong in Asia

14 January 2019

MinLaw – New Bill Introduced to Strengthen the Prevention of Money Laundering and Terrorism Financing for the PSMD Sector

18 July 2018

律政部：反洗黑钱及打击反恐融资 宝石和贵金属交易将受更严格监管

Crucible30-SBMA-LBMA-Article

17 July 2018

MinLaw – Strengthening AML-CFT Regulation for PSMD Sector

Crucible30-SBMA-LBMA-Article

19 June 2018

2nd Asia Pacific Precious Metals Conference Highlights

19 March 2018

Singapore Bullion Market Association (SBMA) Appoints Gordon Cheung as New Deputy CEO

2 January 2018

Singapore Bullion Market Association (SBMA) Appoints Martin Huxley As New Chairman

Crucible30-SBMA-LBMA-Article

20 October 2017

2017 import and export statistics half year review

11 October 2017

SBMA Chairman’s Letter – “LBMA Global Precious Metal Code”

4 October 2017

The Metalor Singapore gold bar has been added to the good delivery list at TOCOM.

2 August 2017

TOCOM Adopts Delivery by Physicals for Precious Metals Market and appointed Brink's as the Vault operator.

31 July 2017

Laos’ Gold Market

SBMA ASEAN Laos

25 July 2017

APPMC 2017 – Documentary

SBMA

12 July 2017

London Metal Exchange Joins Singapore Bullion Market Association

23 June 2017

Fintech, Blockchain Technology to Open Market Access – APPMC

22 June 2017

Infrastructure Key to Ensuring Fairness and Transparency – APPMC

21 June 2017

Gold to See Bright Future in ASEAN Region – APPMC

7 June 2017

APPMC – Roundup & Market Outlook

5 June 2017

First Asia Pacific Precious Metals Conference

5 June 2017

Singapore’s gold hub strategy bears fruit as imports, exports rise

3 June 2017

SBMA and its members are featured on Channel NewsAsia’s Money Mind Program

2 June 2017

Myanmar’s Gold Market

SBMA ASEAN Myanmar

1 June 2017

Philippines’ Gold Market

25 May 2017

LBMA Launches Global Precious Metals Code

18 May 2017

Thailand’s Gold Market

16 May 2017

Malaysia’s Gold Market

15 May 2017

Indonesia Gold Market

3 May 2017

ASEAN Gold Market

7 March 2017

Vietnam Gold Market

3 February 2017

Gold Demand Trends Full Year 2016/World Gold Council

24 January 2017

India’s gold market: evolution and innovation/World Gold Council

13 January 2017

The Gold market in 2017/World Gold Council

10 January 2017

The Singapore Parliament has passed several significant changes to the Securities and Futures Act.

19 December 2016

SGX announces world’s first Shariah-compliant gold future contract

6 December 2016

Myanmar Gold Market

SBMA ASEAN Myanmar

6 December 2016

Shariah Gold Standard will create new asset class in Islamic Finance

18 November 2016

Asia’s Appetite for Precious Metals Bolsters Demand in Uncertain Time

10 November 2016

MAS consultation paper on proposed amendments to the code on collective investment schemes

9 November 2016

Singapore’s Precious Metals Industry Poised for Growth

1 November 2016

Despite global economic uncertainty, LBMA delegates see bright spot in the industry

11 October 2016

The Singapore Bullion Market by SBMA – ALCHEMIST 83

27 September 2016

Singapore has a strong framework to combat money laundering and terrorism financing, has more room to improve

19 April 2016

Shanghai Gold Benchmark Price launch

28 January 2016

World Platinum Investment Council approved as Singapore Bullion Market Association member

27 January 2016

SBMA Appoints New Chairman and CEO

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2025

31 July 2025
Singapore gold investment soars 37% to 2.2 tonnes in Q2 while jewellery demand wanes
LEARN MORE
19 June 2025
More Singaporeans investing in gold amid price rise and greater ease of access
LEARN MORE
12 May 2025
Gold’s enduring appeal in a fractured world
LEARN MORE
30 April 2025
Singapore investors buy 2.5 tonnes of gold bullion in Q1, the most since 2010
LEARN MORE
20 February 2025
Gold scales new high on Trump tariff concerns
LEARN MORE
19 February, 2025
China’s Insurance Funds Inject New Vitality into Global and Domestic Gold Markets
LEARN MORE
19 February 2025
Gold rises as Trump tariff uncertainty fuels safe-haven demand
LEARN MORE
11 February2025
Fresh Trump tariffs catapult gold prices to record high
LEARN MORE
10 February2025
Chinese buyers forced to sidelines as gold prices near US$3,000
LEARN MORE
20 January 2025
BT Money Hacks: Is Gold a glittering investment in 2025?
LEARN MORE
20 January 2025
Gold expected to continue bullish trend
LEARN MORE
16 January 2025
Gold hits over one-month peak on Fed rate-cut hopes
LEARN MORE
13 January 2025
Gold beats STI, Hong Kong-listed tech to be top-traded ETF on SGX in 2024
LEARN MORE
6 January 2025
Gold investors stay bullish for 2025 on Trump volatility fears
LEARN MORE

2024

25 November 2024
How should your clients hold gold?
LEARN MORE
21 August 2024
Gold hits record highs as investors bet on rate cuts
LEARN MORE
30 July 2024
Wealthy investors help drive surging demand for gold
LEARN MORE
18 June 2024
Asian gold buying spree burnishing Singapore’s status as precious metals hub
LEARN MORE
13 June 2024
Singapore set to become a leading gold hub — report
LEARN MORE
12 June 2024
Gold rush grips Asia despite near-record prices
LEARN MORE
12 June 2024
Gold rush to endure through 2024 though $3,000 mark may prove elusive
LEARN MORE
11 June 2024
Singapore to become world’s leading gold trading hub
LEARN MORE
11 June 2024
Singapore is set to lead the gold market as ‘center of gravity’ shifts east, World Gold Council says
LEARN MORE
01 March 2024
Gold Seen Surpassing 2023's Record High This Year Amid Persisting Geopolitical Risks, Inflation Concerns
LEARN MORE
28 February 2024
More Singapore businesses will have to report sustainability information, starting with listed firms in 2025
LEARN MORE
28 February 2024
Gold Price to Average US $2,059 an Ounce This Year, Up 6% From 2023
LEARN MORE

2023

12 July 2023
SBMA Honorary Counsel Jason Chan: Southeast Asia’s Top 15 Litigators 2023
LEARN MORE
4 July 2023
China Gold News covers 2023 Shanghai Platinum Week (中文版)
LEARN MORE
2 June 2023
Silver Bullion Becomes the First Southeast Asian Member of the LBMA
LEARN MORE
17 February 2023
Public Gold launches first gold dispensing ATM
LEARN MORE

2022

24 November 2022
BR Metals plans ahead to last into its golden years
LEARN MORE
18 October 2022
Gold Industry Commits to Responsibility and Sustainability Principles Declaration
LEARN MORE
19 September 2022
Gold Futures (“FGLD”) Re-Launch Ceremony
LEARN MORE
27 June 2022
Gold ATMs increase the convenience of buying gold
LEARN MORE
8 June 2022
Gold’s haven appeal burnished by drumbeat of growth warnings
LEARN MORE

2021

17 December 2021
Boroo Pte Ltd Joins the Singapore Bullion Market Association
LEARN MORE
21 November 2021
CNA Interview with CEO Albert Cheng – ‘Digital gold’ gaining popularity amid price rally
LEARN MORE
5 November 2021
[Members News] ABC Refinery’s New Accreditation as a LBMA Good Delivery Silver Refiner
LEARN MORE
September 2021
Alchemist 102: SBMA Successfully Concludes First Virtual APPMC
LEARN MORE
14 April 2021
LBMA Spotlight on Silver Investment 2021
LEARN MORE
12 April 2021
[Members News] Singapore Dealer Prepares Vault for 15,000 Tons of Silver
LEARN MORE
25 February 2021
World Gold Council: Tremendous Potential for Gold in 2021
LEARN MORE
4 February 2021
India Welcomes Lower Import Duties for Gold
LEARN MORE

2020

3 December 2020
LBMA Asia Update 2020
LEARN MORE
1 November 2020
[Members News] ABC Bullion Launches New Platinum Minted Range
LEARN MORE
13 September 2020
疫情暴发拉抬黄金地位
LEARN MORE
14 August 2020
Channel 8 Frontline’s interview with CEO Albert Cheng
LEARN MORE
6 August 2020
Gold soars to record high; some see correction soon
CEO Albert Cheng was interviewed by The Business Times
LEARN MORE
4-5 June 2020
Webinars with SGX (June 4, 5)
LEARN MORE
14 April 2020
An interview with CEO Albert Cheng on the impact of Covid-19 to the ASEAN Gold Market
LEARN MORE
26 March 2020
The Day the EFP Broke
LEARN MORE
31 January 2020
The Gold-Silver Ratio is Indicative of Global Deflation
LEARN MORE

2019

17 December 2019
Tech-savvy Singapore’s golden future
LEARN MORE
14 October 2019
Alchemist 95: SBMA’s Silver Jubilee & Beyond
LEARN MORE
17 September 2019
Investors pull gold from Hong Kong as tensions rise
LEARN MORE
12 June 2019
Singapore aims to become Asia’s gold hub
LEARN MORE
12 June 2019
Singapore Grows Regional Gold Hub Status
LEARN MORE
10 June 2019
3rd Asia Pacific Precious Metals Conference Highlights
LEARN MORE
23 April 2019
Singapore Plays Pivotal Role in Building a Sustainable Precious Metals Hub in ASEAN
LEARN MORE
12 February 2019
MinLaw – Precious Stones and Precious Metals (Prevention of Money Laundering and Terrorism Financing) Bill
LEARN MORE
8 February 2019
Demand for Gold to Remain Strong in Asia
LEARN MORE
14 January 2019
MinLaw – New Bill Introduced to Strengthen the Prevention of Money Laundering and Terrorism Financing for the PSMD Sector
LEARN MORE

2018

18 July 2018
律政部：反洗黑钱及打击反恐融资 宝石和贵金属交易将受更严格监管
LEARN MORE
17 July 2018
MinLaw – Strengthening AML-CFT Regulation for PSMD Sector
LEARN MORE
19 June 2018
2nd Asia Pacific Precious Metals Conference Highlights
LEARN MORE
19 March 2018
Singapore Bullion Market Association (SBMA) Appoints Gordon Cheung as New Deputy CEO
LEARN MORE
2 January 2018
Singapore Bullion Market Association (SBMA) Appoints Martin Huxley As New Chairman
LEARN MORE

2017

20 October 2017
2017 import and export statistics half year review
LEARN MORE
11 October 2017
SBMA Chairman’s Letter – “LBMA Global Precious Metal Code”
LEARN MORE
4 October 2017
The Metalor Singapore gold bar has been added to the good delivery list at TOCOM.
LEARN MORE
2 August 2017
TOCOM Adopts Delivery by Physicals for Precious Metals Market and appointed Brink's as the Vault operator.
LEARN MORE
31 July 2017
Laos’ Gold Market
LEARN MORE
25 July 2017
APPMC 2017 – Documentary
LEARN MORE
12 July 2017
London Metal Exchange Joins Singapore Bullion Market Association
LEARN MORE
23 June 2017
Fintech, Blockchain Technology to Open Market Access – APPMC
LEARN MORE
22 June 2017
Infrastructure Key to Ensuring Fairness and Transparency – APPMC
LEARN MORE
21 June 2017
Gold to See Bright Future in ASEAN Region – APPMC
LEARN MORE
7 June 2017
APPMC – Roundup & Market Outlook
LEARN MORE
5 June 2017
First Asia Pacific Precious Metals Conference
LEARN MORE
5 June 2017
Singapore’s gold hub strategy bears fruit as imports, exports rise
LEARN MORE
3 June 2017
SBMA and its members are featured on Channel NewsAsia’s Money Mind Program
LEARN MORE
2 June 2017
Myanmar’s Gold Market
LEARN MORE
1 June 2017
Philippines’ Gold Market
LEARN MORE
25 May 2017
LBMA Launches Global Precious Metals Code
LEARN MORE
18 May 2017
Thailand’s Gold Market
LEARN MORE
16 May 2017
Malaysia’s Gold Market
LEARN MORE
15 May 2017
Indonesia Gold Market
LEARN MORE
3 May 2017
ASEAN Gold Market
LEARN MORE
7 March 2017
Vietnam Gold Market
LEARN MORE
3 February 2017
Gold Demand Trends Full Year 2016/World Gold Council
LEARN MORE
24 January 2017
India’s gold market: evolution and innovation/World Gold Council
LEARN MORE
13 January 2017
The Gold market in 2017/World Gold Council
LEARN MORE
10 January 2017
The Singapore Parliament has passed several significant changes to the Securities and Futures Act.
LEARN MORE

2016

19 December 2016
SGX announces world’s first Shariah-compliant gold future contract
LEARN MORE
6 December 2016
Myanmar Gold Market
LEARN MORE
6 December 2016
Shariah Gold Standard will create new asset class in Islamic Finance
LEARN MORE
18 November 2016
Asia’s Appetite for Precious Metals Bolsters Demand in Uncertain Time
LEARN MORE
10 November 2016
MAS consultation paper on proposed amendments to the code on collective investment schemes
LEARN MORE
9 November 2016
Singapore’s Precious Metals Industry Poised for Growth
LEARN MORE
1 November 2016
Despite global economic uncertainty, LBMA delegates see bright spot in the industry
LEARN MORE
11 October 2016
The Singapore Bullion Market by SBMA – ALCHEMIST 83
LEARN MORE
27 September 2016
Singapore has a strong framework to combat money laundering and terrorism financing, has more room to improve
LEARN MORE
19 April 2016
Shanghai Gold Benchmark Price launch
LEARN MORE
28 January 2016
World Platinum Investment Council approved as Singapore Bullion Market Association member
LEARN MORE
27 January 2016
SBMA Appoints New Chairman and CEO
LEARN MORE

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.

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.

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.

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.

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.

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-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, represents the interests of the Association, and is responsible for all the legal and regulatory aspects of the work of the Association. He is the primary contact for regulators and government bodies on bullion market development.

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-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.

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-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-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-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-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-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.