- "The investment appetite and sophistication for physical gold ownership are at an all-time high," said Jammy Chan, Head of Business Development for Asia
- China and India alone account for about half of the world's demand for gold
Gold Bullion International (GBI) has announced the appointment of Jammy Chan as Head of Business Development for Asia. Mr. Chan will be responsible for sales and marketing of the firm's precious metals solutions in Asia and will be based in Hong Kong.
"The investment appetite and sophistication for physical gold ownership are at an all-time high," said Jammy Chan. "GBI offers a comprehensive solution for physical precious metals investment, featuring a robust platform for purchasing, global vaulting and insuring a wide range of products. GBI works with some of the largest wealth management firms in the United States and is looking to do the same in China. In fact, in the short time I have been at GBI, we have already added our first Hong Kong based wealth customer and are in a number of discussions with some of the region's most prestigious institutions."
Asia accounts for about two-thirds of global gold demand -- with China and India the world's top two consumers. These two countries alone account for about half of the world's demand for gold.
Mr. Chan comes to GBI after four years as Head of Investment in China with the World Gold Council. He has held senior business development positions with Huaan Asset Management, Amundi and Fidelity. Over his 16 year career, Mr. Chan has covered business in the Greater China region from Hong Kong and also with onshore bases in Beijing and Shanghai. Mr. Chan earned a Bachelor's Degree in finance from the University of Hong Kong and his MBA from Imperial College in London with full scholarship.
"We are very excited to expand our business into China, where gold is such an important asset class," said Steven Feldman, Chief Executive Officer and co-founder of GBI. "We continue to replicate our strategy in more regions around the globe. While our focus remains the wealth business, we are also launching GBI Direct internationally, often with local partners. Our Asian launch follows our recent debut in the Middle East, and having Jammy Chan on board makes us very confident that this region will be a great success."
GBI is the leading institutional precious metals provider to individual investors and the wealth management industry. GBI's technology and operations platform allows investors to acquire and manage their physical precious metal assets directly through their existing wealth management or e-commerce relationships, as well as directly through GBI Direct.