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SBMA News

By SBMA

Published on March 9, 2017

2016: A Recap

SBMA has been building its profile through various initiatives and projects over the past six months. Here are some highlights:

July 20-21

Trip to Myanmar organised by International Enterprise (IE) Singapore in conjunction with its Myanmar office and a key member of the SBMA. During the trip, SBMA introduced its role, mission and vision for the bullion industry in the ASEAN region. SBMA engaged key industry players such as the Central Bank of Myanmar, Chief Minister of Yangon, Ministry of Planning and Finance, and Ministry of Natural Resources and Environmental Conservation, to find out about the possibility of, and their interest, in expanding their business activities to Singapore. SBMA found out how it could aid their strategic development plans and/or help them establish a presence in Singapore.

August 10-12

Participated in the India International Gold Convention to introduce the Singapore initiative to Indian players and to talk about the Asian market.

October 7-10

Participated in the Australia Precious Metals Symposium in Sydney to introduce SBMA and the Singapore initiative to the Australian audience.

October 11

LBMA’s newsletter, The Alchemist, published a two-page article on SBMA and the Singapore market (see http://www.sbma.org.sg/wp-content/uploads/2016/11/ALCHEMIST.pdf).

October 15-19

Supported the annual LBMA/LPPM Precious Metals Conference in Singapore. SBMA played a role in contributing to shaping the programme, inviting delegates from China and ASEAN, and provided local knowledge on logistics to the conference organising team from London.

Supported the annual LBMA/LPPM Precious Metals Conference in Singapore
From left, Albert Cheng (CEO, SBMA), Hawk Namiki (Executive Director, SBMA), Margaret Wong (Business Manager, SBMA) and Sunil Kashyap (Chairman, SBMA) at the LBMA/LPPM Precious Metals Conference.
October 16

Organised a half-day workshop, “Building a physical gold corridor – Singapore/Hong Kong/China Connect”, in conjunction with the Chinese Gold & Silver Exchange Society (CGSE), Hong Kong, which attracted over 70 participants.

SBMA CEO Albert Cheng speaking at the CGSE workshop.
SBMA CEO Albert Cheng speaking at the CGSE workshop.
October 17

Announced the launch of the joint Pre-AM Gold Benchmark Feasibility Study conducted by SBMA, LBMA and ICE Benchmark Administration, an initiative supported by IE Singapore. The new price would complement the existing LBMA “AM” and “PM” Gold Price and make the benchmark prices truly global by bridging the gap between the close of the U.S. market and the opening of the London market.

October 19-20

Arranged meetings for the CEO of IE Singapore to visit one of our key members in Thailand to cement ties between Singapore and Thailand in the gold business, and to introduce the Thai gold business to a group of China gold market participants, including bullion houses, online platform and banks on possible business links between the two countries.

October 11

LBMA’s newsletter, The Alchemist, published a two-page article on SBMA and the Singapore market (see http://www.sbma.org.sg/wp-content/uploads/2016/11/ALCHEMIST.pdf).

December 1

CEO Albert Cheng represents SBMA at LBMA’s 15th Biennial Dinner in London, UK.

CEO Albert Cheng represents SBMA at LBMA’s 15th Biennial Dinner in London, UK.
From left, Ruth Crowell (CEO, LBMA), Dr Paul Fisher (Co-Chairman, LBMA) and Albert Cheng (CEO, SBMA) at LBMA’s 15th Biennial Dinner.

UPCOMING EVENTS

19–22 March 2017. London, UK.

LBMA Assaying and Refining Conference 2017

The conference, the seventh in the series organised by the LBMA since 2005, is designed to allow an exchange of views between technical staff of organisations interested in current issues relating to the assaying, refining and casting of precious metals, primarily covering gold and silver and also to provide them with information on the operation of the LBMA’s Good Delivery system. http://www.lbma.org.uk/events

27 March 2017. Singapore, Singapore.

Bullion Market Outlook 2017 Seminar

SBMA’s first seminar of the year will see keynote speaker Nikos Kavalis of Metals Focus giving a brief review of the gold market in 2016 and the outlook for 2017, which will be followed by a discussion of other industry topics, and a networking session. Venue: Little Red Dot seminar room, IE Singapore, Level 10, Bugis Junction Tower, 230 Victoria Street. Please email info@sbma.org.sg for more details.

28–31 March 2017. Singapore, Singapore.

Mining Investment Asia 2017

Mining Investment Asia is a strategic mining conference and exhibition for the leaders of the mining, quarrying and construction materials industries, bringing together 800 attendees from 35 countries. The exhibition demonstrates the very latest in technology and solution innovations to mining industry buyers, while the conference includes speakers who are industry leaders that will provide new perspectives on key issues disrupting and innovating the mining sector, and share cutting edge content and insights on the mining landscape. http://www.mininginvestmentasia.com/.

5–6 June 2017. Singapore, Singapore.

Asia Pacific Precious Metals Conference 2017

The Asia Pacific Precious Metals Conference (APPMC) is the SBMA and International Enterprise (IE) Singapore’s flagship event that aims at developing and strengthening a unified body in Southeast Asia for the bullion market. http://www.asiapacificpmc.com/.

Asia Pacific Precious Metals Conference (APPMC)

Join industry participants and stakeholders from the bullion markets of the 10 ASEAN countries and beyond on June 5-6 at the Asia Pacific Precious Metals Conference (APPMC) for two days of discussions, sharing of best practices, networking, and more.

The inaugural APPMC is a platform for developing and strengthening a unified body in Southeast Asia and Oceania for the bullion market. SBMA and IE Singapore welcomes the entire bullion fraternity to participate and share your views, inputs and suggestions to enhance the region’s role in the global bullion market.

The conference will take place on 5-6 June 2017 at the Grand Copthorne Waterfront Hotel, Singapore.

We expect 200 delegates from the Asia Pacific region and around the world, with the majority from ASEAN markets. Through this platform, delegates will get to network with stakeholders from the bullion, jewellery and mining sector around the world. We encourage our members to contribute as a sponsor, speaker, exhibitor, or participate as a delegate.
For more information, visit http://www.asiapacificpmc.com.

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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.

SBMA Committee-Photo-john-levin

Mr John Levin

Global Metals
TD Securities
John Levin is the Head of Metal Sales & Trading – APAC at the Toronto Dominion Bank’s Singapore office. Prior to this role, he devoted seven years to leading precious metal sales for the ANZ banking group in his home country, Australia. Notably, from 2009 to 2011, John played a significant role on the management committee of the London Bullion Market Association while serving as the Head of Precious Metals Sales for HSBC Global Banking and Markets in the UK.

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.