Singapore Bullion Market Association

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Five New Foreign Associate Members Join Singapore Bullion Market Association

  15 April 2021 PDF FILE

SINGAPORE: 15 APRIL 2021 – Certiline Srl, Metals Focus, Phu Nhuan Jewelry Joint Stock Company (PNJ), The Perth Mint, and Trovio Pty Ltd have joined Singapore Bullion Market Association (SBMA) as Foreign Associate Corporate members.

“The past year has been a very different and difficult time for the global economy. At the same time, businesses are still actively seeking to connect and build relationships during this trying period, and SBMA has been helping to facilitate such activities. As the global economy picks up and seeks to normalise, we are pleased to share that SBMA has kept active engagements with businesses in the precious metals industry”, Albert Cheng, CEO of SBMA, said.

Certiline is a leading anti-counterfeit solutions company, based in Italy at the extreme reaches with Switzerland. It manufactures tamper-proof security cases for minted gold bars and other precious metals products.

“Certiline is a major actor in securing the international gold trade. Amid the pandemic, we’ve seen strong demand for our services, and my conviction is to keep developing our deep connections with Asia-Pacific region. SBMA offers all the potential of a dynamic hub. For the last four years, Singapore has been a source of emulation and inspiration for us and globally in terms of safe trade, innovation and business”, Jacopo Monteforte Specchi, CEO of Certiline, said.

Metals Focus is a leading independent precious metals research consultancy headquartered in the United Kingdom, dedicated to delivery world class statistics, analysis and forecasts for the precious metals markets and producing reference work, including its annual Focus reports.

“Having established a base in Singapore in 2019, Metals Focus is excited to join the SBMA and we look forward to further strengthening our links to Singapore’s bullion market”, Nikos Kavalis, Managing Director of Metals Focus, said.

PNJ is a leading jewellery manufacturer in Vietnam. Together with its subsidiaries, it manufactures, retails, trades, imports and exports gold, silver, jewellery and gemstones in Vietnam.

“We hope to be the node that connects Vietnam’s growing and diverse previous metal market to regional players, and are looking to exchange regional and national business experience with other SBMA members, while strengthening and promoting regional industry standards”, Le Tri Thong, CEO of PNJ, said.

The Perth Mint is Australia’s official bullion mint and wholly owned by the Government of Western Australia. With more than 120 years of precious metal minting experience, it manufactures and distributes platinum, silver and gold coins for collectors and customers worldwide.

“The Perth Mint recognises the importance of the Asian region to the global gold market and Singapore as a key trading hub. We look forward to working with the SBMA and its members to further strengthen our relationship with the wider precious metals industry while supporting and promoting growth of the developing markets in the region”, Richard Hayes, CEO of The Perth Mint, said.

Trovio is a leading commodities digitisation company based in Australia. Its vision is to improve the efficiency and transparency of the global commodities market. Trovio’s technologies enable its partners to access new markets, develop new distribution channels and offer investment products that meet ESG needs of the modern investor.

“The global precious metals industry is making huge strides in working to both understand its carbon footprint and ensure that the physical metal is responsibly sourced. Joining the SBMA is particularly apt for Trovio as we are committed to providing our partners in APAC with technologies that enable new digital market pathways, traceability on supply, and access to an increasing suite of sustainable precious metals products”, Jon Deane, CEO of Trovio, said.

Martin Huxley, Chairman of SBMA, welcomed the new members on board, noting that some of these companies have supported the Association in past conferences and events. “I believe each will contribute positively to the Singapore precious metals market scene and SBMA will continue to serve as a bridge between regulators and the bullion industry at large; aimed at building Singapore into the leading global precious metals trading hub”, Huxley said.

With the addition of Certiline, Metals Focus, PNJ, The Perth Mint and Trovio, SBMA’s total membership consists of 44 companies, including 3 Category 1 members, 12 Foreign Associate Corporate members, 28 Local Associate Corporate members and 1 Affiliate member.





About Singapore Bullion Market Association

Singapore Bullion Market Association (SBMA) is a non-profit organisation established in 1993, representing key stakeholders from the precious metals industry, such as bullion banks, exchanges, refineries, bullion merchants and secured logistics support companies.

SBMA’s vision is to build Singapore into a global precious metals trading and financial hub. Its mission is to assist member companies in business, commercial and economic activities, promoting member companies commercially, facilitating research and the exchange of commercial and academic knowledge about the gold market, and monitoring developments in Singapore and in the international gold market.

About Certiline Srl

Certiline srl is a leading anti-counterfeit solutions company, based in Italy at the extreme reaches with Switzerland. Certiline’s security packaging and machines create a 100% safe, smart and valuable ecosystem.
https://www.certiline.com/

About Metals Focus

Metals Focus is a leading, independent precious metals research consultancy. Their team is spread across nine countries dedicated to providing world-class statistics, analysis and forecasts to the global precious metals market.

Metals Focus provides in-depth consulting services to mining companies, corporations, investment funds, central banks, financial institutions and governments based on our extensive precious metals research.
http://www.metalsfocus.com/

About Phu Nhuan Jewelry Joint Stock Company (PNJ)

Established in 1988, PNJ is the market leader in jewelry retail business in Vietnam. PNJ manufactures and trades jewelry of gold, silver, precious stones, fashion accessories, souvenirs, watches and gold bars.
https://www.pnj.com.vn/

About The Perth Mint

The Perth Mint is Australia’s largest fully integrated, innovative precious metals enterprise, providing premium gold, silver and platinum products and services to markets throughout the world.

As one of Western Australia’s largest exporters, they distribute some $18 billion worth of pure gold, silver and platinum bullion bars and coins to investors in more than 100 countries annually.
https://www.perthmint.com

About Trovio Pty Ltd

Trovio is a leading commodities-digitisation company that has developed a platform for infinite fractionalization and digitization of physical commodities. A spinout from Rozetta Ventures and part of the RoZetta Group (formerly Capital Markets CRC), the technology underpinning Trovio’s digital-commodities certificates is co-developed with other Rozetta Institute companies. It is also used to issue electronic cash and for the trading, clearing, and settlement of unlisted securities. The core Trovio team previously developed SMARTS, the leading market-surveillance business that was acquired by NASDAQ in 2010. Trovio is a member of the Universal Protocol Alliance.
Trovio.io

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.