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Adrian Ash
Director of Research

Adrian leads comms and industry insight at BullionVault, the precious-metals fintech where private investors now own $4bn of physical gold, silver, platinum & palladium. A regular speaker on LBMA webinars and a member of the Public Affairs Committee, he is frequently quoted by news, investment-trade and personal-finance outlets across the world.

Formerly a columnist at MoneyWeek and City editor of the ground-breaking Daily Reckoning email, Adrian graduated in English Literature from the University of Bristol and holds a Masters in the history of publishing from the University of Birmingham.


Peter Boyd
Resident Fellow
Yale Center for Business and the Environment

Peter is a Lecturer at the Yale School of the Environment and Resident Fellow at the Yale Center for Business and the Environment. Outside Yale, he is Founder & CEO of Time4Good, helping Leaders and their teams in a variety of sectors, build purpose-driven paths to maximum positive impact. He is passionate about system change to a ‘Net-Zero’ world: from writing and speaking, to directly helping organizations that are accelerating the transition. He is on the Expert Peer Review Group of the UN’s Race To Zero campaign and the Distinguished Advisory Group of the Integrity Council for Voluntary Carbon Markets. He is actively trying to bridge the rainforest nations’ commitments under the Paris Agreement with the opportunity to grow the voluntary market; also serving as an advisor to the Coalition for Rainforest Nations and REDD. plus - a digital platform to bring UN-registered, nationally-issued REDD+ forest carbon credits to a wider world of purchasers.

For over twenty years he has worked on, led and advised, high-growth organizations on leadership, strategy, time maximization, team alignment and entrepreneurial opportunity. His private-sector experience started with McKinsey & Co then spanned over ten jobs in twelve years at the Virgin Group, including CEO of Virgin Mobile South Africa. In non-profit and government, he was Launch Director and COO of Sir Richard Branson’s Carbon War Room; served as Chair of The Energy Efficiency Deployment Office for the UK Department of Energy & Climate Change; and led The B Team’s ‘Net-Zero by 2050’ initiative focused on business encouragement for an ambitious Paris Agreement at COP21.

Peter is originally from Edinburgh, Scotland; graduated from the University of Oxford with a degree in Philosophy, Politics and Economics; and now lives in Westport, Connecticut where he serves as Chair of Sustainable Westport and warden of his local church. He is currently enjoying family life with his wife and three children under eight years old. He has completed 20 marathons, including the ultra-marathons Marathon Des Sables (‘the toughest footrace on earth’) and The Comrades (both the ‘up run’ and ‘down run’).

As a CBEY Fellow, Peter is available to members of the Yale community for office hours or 1-1 coaching sessions on leadership, careers and feedback on your venture or idea.


Caroline Braibant
REACH Consultant

Caroline Braibant is a Regulatory Affairs expert working in the metals industry since 2007, when one of the most challenging chemical regulations entered into force: the EU Registration, Evaluation and Authorisation regulation or “REACH’.  Since 2007, this system has been implemented beyond EU borders, and Caroline has been following the development of the UK REACH system very closely.   

She is particularly close to precious metals, antimony and cobalt, and follows chemicals legislation worldwide.  She works towards proportionate regulations which truly add value to society.  She is holds a master’s in Environmental Sciences and Management (UCL, Belgium), a postgrad in Human Ecology (VUB, Belgium), and is a Biotechnology Engineer by training (ITCR, Costa Rica). 


Jose Camino
Group General Counsel
Metalor Technologies SA

Jose Ramon CAMINO is a lawyer and member of the executive committee of the Swiss Company Metalor Technologies, where he joined as Group General Counsel in 2014. He is responsible for the legal & compliance affairs for the Metalor Group.


Prior to this, he held business and legal positions in several multinational companies having worked and lived in Spain, France, Austria, USA and Switzerland. He is a board member of the Swiss Better Gold Association, member of the Madrid Bar Association and  member of the Lake Geneva Chapter board of the Swiss-American Chamber of Commerce. He holds a law degree from the Autonoma University (Madrid). 

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Aline Carnizelo
Portfolio Manager
Pala Investments

Aline is Head Portfolio Manager of Pala’s absolute return derivatives portfolio. She applies a “quantamental” investment strategy, based on macroeconomic fundamentals and executed through advanced mathematics/ big data analytics.  

Aline has sixteen years of investment experience in emerging markets and cyclical assets classes, including portfolio management, fundamental research, big data forecasting, ESG investing, risk analysis, syndicated finance, debt restructuring, credit analysis, private and equity capital markets. 

Prior to joining Pala in 2011, Aline worked at the World Bank, where she managed a portfolio of investments in the manufacturing sector and executed numerous transactions related to IFC's climate change mandate. 

Before this, Aline was part of the ABN-AMRO Equity Capital Markets team, where she executed several IPOs. Aline also worked on ABN AMRO’s asset & liability department as senior interest rates trader and liquidity modeler. 

She began her career at Louis Dreyfus, where she was responsible for estimating commodities’ demand, with a focus on new technologies such as ethanol, and modelling hedging risk. 

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Charlie Clark
Investment Manager
AP Ventures

Charlie is an Investment Manager at AP Ventures. He is responsible for deal origination, structuring and execution, as well managing deals post-investment. He has also led on helping to define attractive investment areas for the Fund, and now leads the research workstream. He also manages the investor relationship with Impala Platinum, where he works with the executive team to help them maximise their investment into the Fund. 

Charlie has led, and now manages, four of the investments in Fund 2. These are Hystar, Fairbrics, EH Group and ZeroAvia – all of which are PGM-using decarbonising technologies. He sits as a Board Director for Fairbrics, and as a Board Observer for Hystar and ZeroAvia. 

Charlie has a background in climate change, natural resources and finance. Prior to starting at AP Ventures he worked for 2 years in an investment bank, and for 4 years at EY Advisory. Charlie holds an upper second-class BSC in Natural Sciences from Durham University and an MSc in Metals and Energy Finance from Imperial College London.  

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Suki Cooper
Executive Director, Precious Metals Research
Standard Chartered Bank

Suki covers the markets for gold, silver, platinum, palladium and other platinum-group metals, along with the key producing countries and consuming sectors. She joined Standard Chartered in 2015 from Barclays, where she spent 11 years, most recently as Head of Metals Research. Suki has worked with corporates, refiners, physical traders, sovereign wealth funds and central banks, institutional investors, hedge funds and private wealth firms, providing analysis and the outlook for the precious metals sector.


Previously, she was a Chartered Accountant at PriceWaterhouseCoopers. Suki is a member of the Public Affairs Committee of the London Bullion Market Association (LBMA). She is an ACA Fellow of the Institute of Chartered Accountants in England and Wales (ICAEW). 


Ruth Crowell
Chief Executive

Ruth was appointed Chief Executive of the LBMA in January 2014. She is responsible for the success and strategic development of the LBMA, in partnership with the Chairman and the Board. She is also responsible for maintaining accountability to and the quality of, the Association's Membership and Good Delivery Refiners as well as representing the interests of the Association in relation to regulators, investors, media and international precious metals markets.


Read her full bio here.

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Diana Culillas
Secretary General
Swiss Better Gold Association

Diana started her professional path at the International Committee of the Red Cross in the context of the first Russian-Chechen conflict. She then spent 14 years in Africa, Asia and Middle East by being involved in different humanitarian projects. From 2008 to 2018, as the CSR Manager at Chopard Group, she established and oversaw numerous sourcing, environmental, work-life balance and philanthropic initiatives of the group.


Today, Diana leads the Swiss Better Gold Association, a pioneering network of industry, finance and service providers representing Swiss gold industry, which supports sustainable development of artisanal small-scale miners and facilitates establishment of responsible gold value chains from these operations to end market. 

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John Cullen

John was appointed Chairman of the LPPM in February of this year. He has served on the Management Committee for the previous three years. He is also Commercial Director of Johnson Matthey’s PGMS business. He has worked in the industry for many years and has held a variety of senior commercial roles in JM including spending several years managing their Precious Metals Management business, which included the Trading, Sales and Market Research functions. 

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Belinda Ellington
MD, General Counsel, Global Commodities, ESG
Citigroup Global Markets

Belinda is MD and General Counsel at Citi, based in London, her roles include leading the legal teams for Global Commodities and ESG in Global Markets. Belinda has been advising on commodities financing and markets for more than 20 years. With her experience in Global Markets and knowledge of the legal framework of the path to Net Zero, Belinda is part of the Citi team helping clients through this period of transition.


Paul Fisher

After a 10 year academic career, Dr Paul Fisher has been a senior figure at the Bank of England for 26 years, retiring at the end of July 2016. Among a range of outside positions he currently chairs the board of trustees at the London Institute of Banking and Finance and he is a visiting professor in economics and finance at Richmond University, the American International University in London.


Read his full bio here.

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Nick Frappell
Global Head of Institutional Markets
ABC Refinery

Nicholas Frappell is Global Head of Institutional Markets for ABC Refinery. Nick joined ABC Refinery in 2016 and drives international business development and structured finance.  

ABC Refinery is a world leader in ESG and refining technology and is the only independent LBMA accredited gold & silver refinery in Australia. ABC Refinery forms part of the Pallion Group, the largest integrated precious metals business in Australasia operating from mine to market. 

Nick is an experienced precious metals spot and swaps trader with experience in developing business in Europe and Asia. Prior to working in Sydney, Nick worked in London, Tokyo, Singapore and Hong Kong. Nick has a Masters in Finance majoring in Economic Policy from the University of London, and a Diploma in Statistics from the Open University.  

Nick is Chair of the LBMA membership sub-committee and the Gold Forum for the Minerals Council Australia. Nick also co-hosts the ABC Bullion ‘Pod of Gold’ podcast. 

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Allan Guild
Financial Markets Standards Board

Allan has been consulting at the Financial Markets Standards Board (FMSB) for the past two years supporting the work of the Market Practices and Electronic Trading and Technology Committees. In particular, Allan has supported the work of the Precious Metals Working Group in publishing an FMSB standard on the conduct of participants in LBMA auctions and spotlight reviews covering precious metals market structure and precious metals market post-trade. 

Prior to working as a consultant, Allan spent fifteen years working in a number of technology, COO and electronic trading roles at Goldman Sachs and HSBC. Most recently, Allan ran the FX and Metals Alternative Execution Services business at HSBC which included responsibility for HSBC’s participation in LBMA auctions.

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Terry Hanlon
Dillon Gage Metals

As president of Dillon Gage's precious metals operations, Terry Hanlon oversees the operations of the company, which provides full service in precious metals, numismatics, digital platforms for dealers, refining, and jewelry closeouts. Terry maintains client relations and searches for new products, services and opportunities. Terry is the immediate past-President of the Professional Numismatists Guild. In years past, he served as chairman of the board of the Industry Council for Tangible Assets or ICTA, a national, precious metals industry trade association.


Under Terry’s guidance, Dillon Gage's precious metals division has expanded from its original role in metals trading and in-house numismatics—handling rare and exotic coins—to refining operations, stone removal with competitive diamond buying, estate liquidations and dealing in fine Swiss watches. Specialists servicing money managers have been added to the division's staff. Also under his guidance, Dillon Gage opened International Depository Services of Delaware, a facility storing precious metals in New Castle, Delaware, in 2010. And, in 2011 Dillon Gage opened its second depository, International Depository Services of Canada, in Toronto, Canada. Most recently IDS of Texas opened in Dallas, Texas and is CryptoCurrency Security Standard (CCSS) certified and provides cold storage for various CryptoCurrencies for both private and retirement funds. Digital Metals is the newest brainchild of Terry Hanlon. Its offerings include digital services which provide cutting-edge technology to dealers trading in precious metals who want to acquire real-time pricing and services that streamline and facilitate trading and fulfillment to name a few.


Terry works closely with the world’s major mints and is frequently called upon by gold and silver councils for market and product evaluations. He is regarded as one of the world’s leading experts on matters involving precious metals and gold coins and is frequently quoted by trade and financial publications around the world.


Terry is a frequent speaker at the LBMA Conferences and has testified before the House of Representatives regarding Bullion Coin Programs of the United States Mint: Can They Be Improved? Formerly Hanlon served for nearly nine years as vice president and general manager of Dallas Gold & Silver Exchange, a diversified operation where he helped manage all activities, including wholesale and retail bullion and precious metals trading, numismatics, scrap metals dealing and retail jewelry outlets.


Terry graduated from Northwestern University in Evanston, Illinois, and began his career with American Airlines, where he acquired management experience in the passenger, flight and freight departments.

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Simon Houghton-Dodd
Senior Manager, Precious Metals Supply Chain Assurance
Asahi Refining Canada

Simon graduated from The University of Southampton and started his working career at Croda Chemicals in their R&D labs, leaving as Quality Assurance Manager after 9 years.  He then joined Nestle for 10 years, latterly being senior technical manager for their Kit-Kat brand.  In 1997, he joined Tata & Lyle (now part of ASR) based in East London eventually being promoted to the position of Head of Quality & Sustainability.  

In 2012, Simon joined Johnson Matthey as Divisional Sustainability Manager for their Precious Metal Products Division which is when he first came to Brampton & Salt Lake City. After leaving Johson Matthey, he briefly worked as a consultant before joining LBMA in 2017 as their Compliance Officer, looking after their Responsible Sourcing Program among other responsibilities.  

On leaving LBMA, Simon joined British Petroleum as Global Sustainability Team Lead in their Upstream Purchasing and Supply Chain Management function where his main achievement was launching a sustainability strategy that covered over $40B annual spend. In May 2021, he joined Asahi as Senior Manager Precious Metal Supply Chain Assurance where he manages the compliance and sustainability functions for the North American business.   

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Dr David Jollie
Head of Sales and Market Insight
Anglo American Platinum

Dr. David Jollie is Head of Sales and Market Insight at Anglo American Platinum.  Before joining Anglo American in 2016, he spent five years as an analyst and as head of research at Mitsui Precious Metals, covering all of the precious metals globally.  He also previously spent more than twelve years working at Johnson Matthey, where he undertook a variety of roles, all focused on the platinum group metals. 


He began working there as a development chemist focusing on diesel exhaust emissions before moving into the precious metals marketing business as a market analyst covering the demand side.  For the last four years at Johnson Matthey he wrote their leading reviews of supply and demand in the platinum group metal market, travelling frequently to meet with end users and producers. 


He is a member of the management committee of the London Platinum and Palladium Market and of the Public Affairs Committee of the LBMA and has a degree in chemistry from the University of Oxford and a doctorate in chemistry from the University of Nottingham in the UK. 


Izabella Kaminska
The Blind Spot

Izabella Kaminska is the founder and editor of The Blind Spot, a new media venture that aims to shine a light on stories being missed by the wider journalistic pack. The site focuses on finance, market and media news in both short and long-form. It hopes to deliver a healthy mix of analysis and opinion-led commentary, supported by aggregation, news reporting and deep-dives. 

Izabella is an alumni of the Financial Times, where she spent 13 years in reporting roles, most recently as the editor of FT Alphaville, the Financial Times’ award-winning markets and finance blog. Izabella was also an FT columnist and opinion writer focused on tech, finance and markets.  

Izabella started her journalistic career in 2001 as a junior reporter for the english-language newspaper the Warsaw Business Journal. She later spent time in the former Soviet Union at the Caspian Business News, which took her to Azerbaijan and Georgia. In 2003 she reported as a freelancer from Kabul, Afghanistan, before joining BP as an Associate Editor of the company’s internal magazine Horizon in 2004. 

After completing the 2005 Reuters graduate trainee programme, Izabella joined Platts to focus on the reporting of European natural gas markets. She then went on to become a senior producer at CNBC in London, producing the channel’s flag-ship programme Squawk Box.  

With the The Blind Spot Izabella is initiating a two-part plan to try and help reconfigure how journalistic information is organised on the internet.  

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Russell Kay
Director, Compliance, FM, Commodities
Standard Chartered Bank

Russell has worked in his current commodities compliance advisory role at Standard Chartered Bank, based in London, since 2012, covering the global metals (base and precious), energy, emissions and agricultural products businesses.   

His role is predominantly focused on ensuring the bank fulfils its regulatory obligations, ensuring all relevant staff understand the rules of the markets in which they operate. He represents Standard Chartered Bank - an LBMA market making member and is also an IBA Direct Participant for gold and silver - on a number of industry associations, including the LBMA Regulatory Affairs Committee.  


Sunil Kashyap
FinMet Pte Ltd

Sunil Kashyap has been involved with the precious metals industry in South East Asia since 1995.  He has been instrumental in the growth of the bullion business in several Asian countries and has been closely involved with the liberalization process of the Indian, Chinese and Middle Eastern bullion markets.
He has overseen a precious metals business that operates within a strong regulatory and governance framework in compliance with the Dodd-Frank Act, Conflict-Free Mineral legislation, NSFR rules, OFAC Sanction lists, Reach legislation, Volcker rule and Transaction Reporting.

He is a member of the International Advisor’s Committee of the Shanghai Gold Exchange and former Chairman of Bullion Singapore Market Association.  He is a former member of Membership Committee of London Bullion Market Association. 

Sunil has developed relationships with producers, refiners, shippers, consumers, commercial and central banks in Asia, Australia, Europe and Middle East. He has hands-on experience of sourcing Dore, refining metal, shipping and distributing bullion bars across the key markets of Dubai, India, South East Asia and China. He brings an in-depth understanding of the key challenges and market forces influencing participants in the physical gold supply chain. 
Sunil holds a Master degree in Business Administration from Cornell University, Ithaca, New York and is an engineering graduate from IIT, New Delhi.

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Kathleen Kelley
CEO & Founder
Queen Anne's Gate Capital

QAG is a macroeconomic research and consulting firm with a commodity focus. Prior to launching the research firm in 2015, Kathleen ran a commodity focused global macro hedge fund of the same name. She is a frequent guest on CNBC and Bloomberg Television, and has been cited in such publications as the WSJ, Institutional Investor and Futures Magazine.   

Kathleen has spent more than 25 years in global macro research and portfolio management within firms such as Kingdon Capital Management, Vantis Capital and Tudor Investment Corporation. She holds a BA in economics with a minor in mathematics from Smith College and a General Course Degree from the London School of Economics in econometrics. Kathleen currently or has served on the North American Advisory Board of the London School of Economics, the Smith College Endowment Committee and a number of non-for-profit boards including Reserve and the Happy Hearts Fund. She is a co-founder of High Water Women. 

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Sakhila Mirza
General Counsel & Executive Board Director 

As Executive Director and General Counsel of LBMA, Sakhila leads on sustainability, notably, the responsible sourcing and ESG agenda. Her role also includes leading on market development projects and all the legal and regulatory work. As a Board Member she works closely with the Directors and the CEO on the strategic direction of LBMA, guiding on the governance and legal and compliance risks.


Read her full bio here.


Junsuke Morita
Deputy General Manager, Planning Office, Precious Metals Division
Tanaka Kikinzoku Kogyo K.K.

Junsuke Morita is Assistant to Chairman and Deputy General Manager of Precious Metals Division in TANAKA Kikinzoku Kogyo K.K., Japan where he joined in 1998. He is responsible for corporate planning, sourcing, market analyzing in TANAKA Group. Prior to this, he held engineering sales and production, finance positions in several department, having worked and lived in Singapore, USA and Japan. He holds Bachelor of Commerce, majoring in Statistics from Waseda University (Tokyo).


Saad Rahim
Chief Economist, Trafigura
Co-Portfolio Manager, Galena Multistrategy Fund

Saad Rahim is the Chief Economist for Trafigura, one of the world’s largest traders of oil, metals and other commodities. He is responsible for the company’s views on markets and macroeconomics, including the outlook for Crude Oil, Oil Products and Metals markets, commodity prices, equity and credit markets, and political risk.  He is also the Co-Portfolio Manager for the Galena Multistrategy Fund, a commodities-focused macro hedge fund managed under Trafigura’s investment arm.

Prior to joining Trafigura, he was the Chief Economist at BG Group (now Shell), a major integrated oil & gas company, and prior to that Deputy Chief Economist at Chevron Corporation.  Before joining Chevron, Mr. Rahim was an international energy advisor with PFC Energy (now IHSMarkit). 

Mr. Rahim received BA degrees in Economics and Political Science from Stanford University, and attended the Johns Hopkins School of Advanced International Studies (SAIS) for advanced degree work in Economics and Global Energy.


Amir Ravan
Portfolio Manager
Bluecrest Capital Management

Amir Ravan runs a discretionary macro portfolio at BlueCrest with a specialist focus on Precious and Industrial Metals. Prior to that he was at DRW for 2.5 years as a Senior Portfolio Manager focusing on precious metals trading.  Before joining the buy side in 2019, Amir spent over 11 years at Goldman Sachs in London where he served for some time as Global Head of Precious Metals Trading before moving to Singapore in 2018 to expand Goldman’s non-energy trading capabilities in the region.  Amir graduated from Imperial College London in 2007 with a First Class Degree and was awarded an Associate of The Royal College of Science with the Governors Prize for highest result achieved in Mathematics.


John Reade
Chief Market Strategist
World Gold Council

John Reade is responsible for producing strategy and developing insights on the gold market; leading our global dialogue by engaging with leading economists, academics, policy makers, fund managers and investors on gold; and leading our research team. John has over 30 years’ experience in the gold industry and related fields, most recently as a partner and gold strategist with Paulson & Co for the past seven years. Prior to that, he worked as a precious metals strategist at UBS for 10 years; a gold equity analyst in South Africa for 5 years; and over 8 years held various positions in production and project evaluation in the gold division of Gencor, then a leading South African mining house.


John has a degree in Mining Engineering from the Royal School of Mines, a constituent of Imperial College, London.

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Hélder Rosalino
Board Member, Board of Directors
Banco de Portugal

Hélder Rosalino was appointed Member of the Board of Directors in September 2014. He was Secretary of State for Public Administration for the 19th Constitutional Government between June 2011 and December 2013. During that time he was on the Standing Committee on Social Concertation, representing the Ministry of Finance. 

He has been a member of staff of Banco de Portugal since 1994.


Between 2003 and 2009 and in 2014, Hélder was Head of the Issue and Treasury Department, while also managing the Porto Branch and the Regional Network of Banco de Portugal. He was Head of the Human Resources Department of Banco de Portugal between 2010 and 2011 and chaired the Pension Plan Monitoring Committee and the Social Fund Management Committee for Banco de Portugal Employees. Hélder has represented Banco de Portugal on various committees and work groups in the scope of the European Central Bank and the European Commission, in the areas of currency issue, planning and organisation and human resources management. 

Hélder was financial auditor of BDO Portugal (1991-1992) and financial controller of Marconi (1992-1994), has authored and co-authored books, monographs and various technical and scientific articles in his areas of work, covering topics such as reform of the State, general government, social protection systems, currency issue, taxation, strategic planning, human resources management and IT systems, and has spoken at various conferences and seminars in Portugal and abroad. 

Hélder is a Guest Lecturer at ISCTE, was formerly a Guest Lecturer at ISG between 1998 and 2003 for the Bachelor's degree in Corporate Management and the postgraduate degrees in Taxation and Corporate Consulting. 

Hélder has a Bachelor’s and Master’s degree in Management from ISCTE and a postgraduate degree in Taxation from the Business and Economics School (ISG).  He has an MBA from ISCTE and undertook the Advanced Management Programme for Executives (PAGE) at the Catholic University of Portugal.  

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Monica Rubiolo
Head of Trade Promotion
Swiss State Secretariat for Economic Affairs (SECO)

Monica leads SECO’s efforts to foster trade in developing countries that is socially responsible, environmentally friendly, inclusive and thereby sustainable. This includes supporting framework conditions for sustainable trade, enhancing international competitiveness and market access of SMEs and producers alike, and strengthening a resource-efficient private sector in partner countries. 


Monica Rubiolo obtained her PhD from the University of Tübingen, Germany, and published extensively on issues related to economic development. She was Assistant Professor at the Catholic University in Cordoba (Argentina) and has also taught at the Universities of Tübingen (Germany) and Bilbao (Spain). She has worked in Taipei, Taiwan, and at the European Institute of Latin American Studies (IRELA) in Madrid. She joined SECO in 2003, focusing on public financial management and financial sector support. 

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Myriam Samaniego
Legal and Commercial Manager

Myriam Samaniego is legal and commercial manager at Minera Yanaquihua. She oversees gold commercialisation strategies and relations with commercial partners. Before joining Minera Yanaquihua in 2015, Myriam served as general counsel for a project development company in the power and oil & gas sectors. She previously worked as an attorney at Baker McKenzie, Lima in the areas of international arbitration and energy.  


Myriam Samaniego studied law as a second degree, after completing a bachelor’s degree in international relations at the University of Geneva. She holds an MBA from Tulane University and a DEA in International Law from the Graduate Institute of International Studies in Geneva.  


Amar V. Singh
Managing Director
Head of Commodities Sales, APAC, J.P. Morgan

Amar V. Singh is Managing Director, Head of Commodities Sales, APAC for J.P. Morgan and have been
working in commodities sales team with JP Morgan since 2011 based in Singapore. He is focused on
expanding J.P. Morgan’s client franchise across the Asian Pacific region for commodities business including
investment products.

Amar covers diverse set of client base which includes Financial Institutions, corporates and trade houses
for OTC derivatives, commodities linked financing and investment products.

Prior to joining JPMorgan Singapore, Amar was Director, Commodities Sales with Standard Chartered Bank
(SCB) Singapore from 2007 to 2011. During this time he was responsible for commodities business
development across South and South East Asia. Amar was also instrumental in setting up precious metal
business in the region for SCB. Prior to SCB, Amar has worked with Bank Muscat Oman as Head of FX &
MM and Commodities trading from 2005 to 2007 and ICICI Bank from 2000 to 2005 in FX, Rates and
Precious Metals trading and sales.

Amar was also Chairman for Singapore Bullion Market Association from April 2012 till April 2013 and
working with industry for the development of Singapore as bullion trading hub for Asia.
Amar holds a Bachelor of Science in Mathematics from KNIT, India, and a Master of Business
Administration in Finance from the University of Lucknow.

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Matt Slater
Global Head of Precious Metals Forwards

Matt Slater is a 28 year veteran of UBS, having spent the majority of those years in Precious Metals Trading. As Global Head of UBS Investment Bank’s Precious Metals Forwards and Physical Team, Matt works closely with the Precious Metals Spot, Options, Sales and Operations teams around the globe to provide a seamless client experience across the franchise and time zones. Based in New York, he leads a diverse team with a wide range of responsibilities, from market making and risk management of OTC and physical offerings, through managing the firm’s physical bullion inventory around the world and product innovation, to managing the firm’s financial resources underpinning the Precious Metals franchise and providing metals liquidity to clients across UBS Group. 


Matt began his UBS career in UBS’ Interest Rate Derivatives business in London in various support roles before moving to New York and transitioning to the Precious Metals team to trade the Gold Interest Rate Swap book. Prior to joining UBS, Matt was a professional Engineer with Motorola Inc. in its mobile phone division. He holds a Bachelor’s degree in Manufacturing Engineering from Birmingham University in the UK (1993).   

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Randy Smallwood
President & CEO
Wheaton Precious Metals

Randy Smallwood has been the Chief Executive Officer and President of Wheaton Precious Metals since 2011 and is one of the founding members. Mr. Smallwood originally started as an exploration geologist with Wheaton River Minerals Ltd., and in 2001, was promoted to Director of Project Development, a role he held through the 2005 merger with Goldcorp (now Newmont). Mr. Smallwood was an instrumental part of the team that built Wheaton River/Goldcorp into one of the largest and most profitable gold companies in the world. He is now focused on continuing to add to the impressive growth profile of Wheaton Precious Metals.

He is also the chairman of the board for Special Olympics BC, a member of the board of MineralsEd BC and a member of the organizing committee for Mining4Life, and previously on the board of the BC Cancer Foundation. 

He holds a geological engineering degree from the University of British Columbia. 

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Dominik Sperzel
Head of Global Sales
Heterogeneous Catalysis (VP)

Dominik Sperzel is an experienced leader in Precious Metal Catalysis. He has been working for Heraeus since more than 10 years and held various commercial roles in the field of Chemical Products, Supported Catalysts, Emission Catalyst as well as Precious Metals Recycling. 

In his daily work, he supports clients to understand the impact of precious metals catalysts throughout their complete ‘loop’ – from the performance impact in chemical processes to the sustainable recycling of spent materials. His passion lies in new emerging catalyst challenges within the hydrogen economy and green chemistry space. His team is continuously researching, among other things, for efficient catalysts for the conversion of biomass.

Dominik is German, holds a master’s degree in Finance from Frankfurt School of Finance & Management and is based at Heraeus headquarters in Hanau, Germany.


James Steel
Chief Precious Metals Analyst

James joined HSBC in May 2006. Previously Jim ran the New York research department for Refco, a large US commodities brokerage house, specializing in energy and metals. Jim also worked for The Economist in the Economist Intelligence Unit covering commodity-producing nations and on the Middle East desk.


Jim’s primary duties at HSBC include the production of daily market reports, including long-term outlooks for the precious metals markets. These include supply/demand and price forecasts, as well as qualitative analyses. Jim is a frequent speaker at commodities-related conferences. He is often quoted in the financial media and frequently appears on Bloomberg and CNBC. Jim is an economist by training and studied economics at undergraduate and graduate levels in London and New York.

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Andrew Verity
Economics Correspondent

Andy is the award-winning economics correspondent for BBC News, covering finance and business on the BBC radio and TV bulletins as well as reporting for Panorama, BBC Newsnight and BBC Radio 4’s investigative strand, File on Four.  He can currently be heard on the Today programme, Radio Four’s six o’clock news and the BBC News TV channel reporting the worst inflation in 40 years combined with a looming recession and the tightest jobs market since the 1960s.


Joining the BBC from The Independent, he worked first as personal finance correspondent then as a presenter on BBC Radio Five Live, where for 8 years he hosted the BBC’s daily financial radio programme and popular podcast Wake up to Money. Before the credit crunch struck in 2007 he proposed a TV series warning of the risks of an imminent crash in the housing market which became BBC2’s The Truth About Property, attracting an unusually large audience; it was repeat-commissioned both before and after the crisis of 2008.


Since being appointed economics correspondent in 2014, he’s broadcast and published high-impact investigative stories including a Panorama film which revealed the Bank of England’s role in the Libor scandal and a 2022 BBC Radio 4 investigative podcast series exposing an establishment cover-up of its own role in a huge fraud during the financial crisis and questioning the safety of convictions of traders prosecuted and jailed for interest rate ‘rigging’, The Lowball Tapes. A book on the story will be published next year.


In a 2018 documentary exposing money laundering in London by a Ukrainian gangster, he made headlines when one of the gangster’s thugs kicked him in the groin. In a more recent film, Following the Drug Money, Andy exposed how global consultants EY covered up evidence of smuggling by an organised crime gang that was laundering the proceeds of sales of illegal drugs in the UK via the gold markets of Dubai.  

He lives in Buckinghamshire with his wife and daughter. 

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Mark Woolley
SVP Europe
Brink’s Global Services

Mark Woolley has worked in the secure logistics industry since 1994, starting in domestic transportation before moving to international logistics in 2002. Having held roles with G4S and Brink’s in APAC, MEA and the US, he is currently responsible for the Brink’s Global Services business in Europe. Mark has extensive experience of precious metals logistics, from gold mine operations, through New York and London vaulting, to coin and retail bar fulfilment. 

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Dr Peter Zöllner
Head of Banking Department

Peter Zöllner is a member of the Bank's Executive Committee.  Previously, Mr Zöllner was a member of the Governing Board and Executive Director for Financial Market Operations at the Central Bank of the Republic of Austria (OeNB). Mr Zöllner started his career at the OeNB in the Banking Department in 1980 and was a member of the Governing Board and Executive Director from 1998. Between 1991 and 1996, Mr Zöllner was Economic Policy Adviser to the Austrian Federal Chancellor. 

He holds a PhD from Vienna University of Economics and Business Administration. 

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