Singapore Bullion Market Association

Article List

Article List

SBMA Management Committee November 2017 – November 2019

SBMA would like to welcome our new Deputy CEO, Mr Gordon Cheung. Gordon is no stranger to the bullion community in Asia – before settling back in Singapore in late 2017, Gordon was in Hong Kong for four years, where he played a leading role in setting up the precious metals business respectively for China Merchant Securities and CCBI. In the past decade, he was Managing Director at Bear Stearns in Hong Kong, Executive Director at JP Morgan and Regional Head of Trading at ICBC Standard Bank in Singapore, overseeing trading and hedge fund sales.

Gordon will oversee the planning, implementation and evaluation of the Association’s activities and services. He will actively engage and interact with the Association’s existing members to identify and pursue new members. Gordon will work closely with the team to deliver on the key initiatives of the Association as defined by the Association’s Strategic Review Committee and Management Committee.

Commenting on the appointment, SBMA CEO Albert Cheng said, “SBMA is very happy to welcome a very strong team member to the bullion fraternity in ASEAN. I’m looking forward to working with him to develop Association’s capabilities so SBMA can play a greater role in the bullion commmunity in the region”.


By Albert Cheng, CEO, SBMA

Published on April 17, 2018

SBMA hopes that everyone has already had a good start to 2018. Here’s an update of our activities in the first quarter of 2018:

January 10

SBMA holds its first Strategic Review Committee meeting.

January 15-16

CEO Albert Cheng attends the Asian Financial Forum in Hong Kong and meets with the gold bullion traders. The annual forum brings together some of the most influential leaders of the global financial and business communities to discuss developments and trends in the dynamic markets of Asia and beyond.

Albert Cheng (left) with Gary Cheung (right), CEO of Blackwell Global Holdings Limited, at the Asian Financial Forum.
January 27-28

CEO Albert Cheng speaks at the Tomei Weekend investment talks in Johor Bahru and Kuala Lumpur, Malaysia.

Albert Cheng speaking at the Tomei Weekend investment talks.
March 14-15

CEO Albert Cheng leads a delegation of SBMA committee members in a dialogue with the India Bullion Bankers Association (IBBA) and Indian Bullion and Jewellers Association. The meeting was held to introduce SBMA and its vision to IBBA and build bridges between the organisations. The delegation attends the 5th India International Bullion Summit, during which Mr Cheng spoke in the panel discussion “How Can Jewellery Manufacturing & Retail Sector Get Boost?”.

Dialogue between IBBA and SBMA.
Albert Cheng speaking at the 5th India International Bullion Summit.
April 3-6

CEO Albert Cheng was invited to speak at the panel discussion for the 11th Mines and Money Asia. Mines and Money is Asia’s largest mining investment conference and exhibition. Now in its 11th year, it has generated millions of dollars in new business, deals and opportunities and helped to finance hundreds of miners.

Albert Cheng speaking at the 11th annual Mines and Money Asia event.
April 8-9

CEO Albert Cheng was invited to speak at the 7th Dubai Precious Metals Conference. Now in its 7th year, The Dubai Precious Metals Conference, organized by DMCC, will bring together industry experts for thought-provoking debates on current issues that will pave the way forward for the industry. The event has attracted hundreds of key industry players across the precious metals value chain and provided ample opportunities for meaningful discussions and networking.

Albert Cheng (left) with YLG Bullion representatives at the 7th Dubai Precious Metals Conference.

Exploratory Meetings

In the past quarter, SBMA held exploratory meetings with the following companies on membership and matters related to market development: ABC Bullion, Baird & Co., Bank Muamalat Malaysia, China Gold Association, Chou Tai Fook, CME Group, India Bullion Banks Association, India Bullion and Jewellers Association, State Street Global Advisors, and Tomei.


Onboarding of ABC Bullion as Foreign Associate Corporate member, Baird & Co. Private Limited as Local Associate Corporate member and Tomei Gold & Jewellery Holdings (M) Sdn Bhd as Affiliate member.

SBMA’s total membership consists of 39 companies, including three Category 1 members, seven Foreign Associate Corporate members, 28 Local Associate Corporate members and 1 Affiliate member.


22–26 April 2018. Seoul, Korea.

30th Mint Directors Conference

Mint directors, coin manufacturers, retailers and other stakeholders will meet to discuss comprehensive issues including the status of the currency industry in the past two years and matters of common interest regarding technology, markets, social contribution, and global finance. SBMA CEO Albert Cheng will speak at the conference. More information can be found at

17 May 2018. Hong Kong.

6th LME Asia Metals Seminar

Every year industry leaders and key market players from the metals and financial communities attend LME Asia Week in Hong Kong to discuss the Asian commodities industry and network with peers and clients. Find out more at

29–31 May 2018. Lima, Peru.

13th International Gold & Silver Symposium

The symposium is a biennial event organised by the National Society of Mining, Oil and Energy of Peru to promote awareness on the potential of natural resources, particularly gold and silver, as well as to promote new investment and business opportunities in the region. Find out more at

3–5 June 2018. Singapore.

Asia Pacific Precious Metals Conference 2018

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. Registration and information can be found at

Asia Pacific Precious Metals Conference (APPMC) – June 3–5, 2018, Singapore

Organised by SBMA

Join industry participants and stakeholders from the bullion markets of the 10 ASEAN countries and beyond on June 3–5 at the 2nd Asia Pacific Precious Metals Conference (APPMC) held at PARKROYAL on Beach Road, Singapore for two days of discussions, sharing of best practices, networking, and more.

The 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.

We expect 400 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: