Singapore Bullion Market Association


Singapore, 2 January 2018


The SBMA is pleased to announce the appointment of Martin Huxley as the new Chairman of the Association, effective from 14 December, 2017. Martin, Managing Director of INTL Asia Pte. Ltd. was elected to succeed Sunil Kashyap who has ended his two-year tenure.

At a recent Management Committee meeting, a new set of office bearers was elected among the nine committee members together with a host of subcommittee members, namely, Membership Committee, Finance Committee, Good Delivery List Committee, Public Affairs Committee and the newly formed “Strategic Review Committee”.

The 2017 – 2019 Management Committee comprise of the following members:

  1. Chairman, Mr. Martin Huxley of INTL Asia Pte Ltd
  2. Vice Chairman, Mr. KL Yap of Metalor Technologies Singapore Pte Ltd
  3. Hon. Secretary, Mr. Kazuya Naoki of ICBC Standard Bank Plc, Singapore Branch
  4. Hon. Treasurer, Mr. Baskaran Narayanan of Brink’s Global Services Pte Ltd
  5. Committee Member, Mr. Sunil Kashyap of The Bank of Nova Scotia
  6. Committee Member, Mr. Stephen Jani of J. P. Morgan Global Commodities
  7. Committee Member, Mr. Robin Martin of World Gold Council
  8. Committee Member, Mr. William Chin of Singapore Exchange
  9. Committee Member, Mr. Robin Lo of YLG Bullion

The new ‘Strategic Review Committee’ is formed to review the work SBMA has done for the bullion industry, activities organised by the Association, and to explore any other forward-looking initiative which will cement Singapore as a Gold Hub for Asia.

The SBMA will continue to operate under its current 3-tier approach with the Management Committee being guided by the Advisory Board and supported by a Secretariat under the able leadership of Honorary CEO Albert Cheng. Ms. Gina Lim, Group Director, Ecosystem Development Group of International Enterprise (IE) Singapore and Mr. Ng Cheng Thye, former Chairman of SBMA remains on the Advisory Board.

Amreeta Eng, Group Director (Trade Promotion Group) of the IE Singapore commented “I am delighted to welcome Martin as Chairman of the Association. His appointment symbolizes the industry’s commitment to continue building Singapore as a precious metals hub in Asia. I would also like to take the opportunity to extend my heartfelt appreciation to Sunil Kashyap for his significant contribution during his tenure as Chairman.”

Albert Cheng will stay on as CEO on a part-time and honorary basis, leading a small team to develop Singapore and SBMA into a platform where both global and regional precious metals players can convene to access the ASEAN market and beyond going forward.

Some of the activities in the pipeline are to organise the second edition of Asia Pacific Precious Metals Conference in collaboration with sponsors like LBMA, WGC, CME Group, CGSE, Brink’s and ABC Bullion amongst other partners. We will be looking into holding a few more local and regional seminars in the near future, arranging customized seminar for interested members and developing educational courses which will benefit the bullion industry.