Home / Knowledge / News / Fashion / WGC appoints Mr Toussaint as Director of ETG
WGC appoints Mr Toussaint as Director of ETG
14
Apr '09
World Gold Council (WGC) has announced the appointment of Jason Toussaint as Managing Director of Exchange Traded Gold (ETG), the World Gold Council's global initiative designed to promote and develop the gold Exchange Traded Fund (ETF) and Exchange Traded Commodity (ETC) market.

Toussaint will be based in WGC's New York Office and joins the organisation from his position as Senior Vice President and Senior Investment Strategist at Northern Trust Global Investments. He has over 14 years experience in the global investment banking industry having also worked at Morgan Stanley and JP Morgan, and in the US, Asian, European and the Middle Eastern markets. Jason has extensive knowledge of the ETF market having developed investment solutions for institutional investors and contributed to strategy development in the pensions market whilst in previous roles.

Commenting on his appointment, Jason Toussaint said: “It is exciting to be joining an organisation that is highly relevant and crucial to today's investment market – the demand for gold investment has soared in recent years, and gold ETFs have made a significant contribution to this growth. I look forward to the challenge of working in such a dynamic industry and with the very talented and experienced people at World Gold Council.”

Aram Shishmanian, CEO, World Gold Council, said: “As the fall out from the global economic crisis continues to affect millions of investors around the world, many are wondering where it is safe to put their money. Gold's ability to preserve wealth has become a key attribute and it is one of World Gold Council's missions to remove the barriers to investing in gold and make its unique investment attributes accessible to all.

“Jason's knowledge and experience make him the perfect choice to manage Exchange Traded Gold. ETFs are an increasingly popular way of investing in gold, for both the high net worth individuals and the institutional community, and we continue to strive to further develop and strengthen our ETG solutions around the world. This was demonstrated by the recent launch of Dubai Gold Securities, the first gold Exchange Traded Commodity in the Middle East. I am confident Jason will provide the leadership and experience necessary to deliver this goal.”

Exchange Traded Funds are the newest way of investing in gold. The vehicle allows the metal to be traded in the form of a security on a stock exchange. By design, this form of securitised gold investment is expected to track the gold price almost perfectly. Unlike derivative products, the securities are 100% backed by physical gold held mainly in allocated form.

Exchange traded gold provides retail and institutional investors with an efficient and cost-effective way to invest in gold. When introduced, the gold ETF overcame the previous barriers to gold as a practical asset and trading tool and revolutionised the market. Costs associated with buying and selling the gold-backed securities are less than the costs associated with buying, selling, storing and insuring gold bullion in a traditional allocated gold bullion account. Furthermore, exchange traded gold can be traded as easily as any other security listed on a stock exchange.

World Gold Council's family of Exchange Traded Gold products are now listed on 13 stock exchanges around the world. They include market leader SPDR® Gold Shares, listed on NYSE Arca and which now accounts for more than 60% of the total gold ETF market. The value of gold held by products in World Gold Council-backed gold ETFs, as of 1 April, 2009, stood in excess of US$38 billion, equivalent to 1,304 tonnes of gold.

World Gold Council


Must ReadView All

Courtesy: Fancycrave.com from Pexels

Apparel/Garments | On 22nd Jun 2018

EU's retaliatory duty on US apparel takes effect

As part of the three-pronged response outlined by the European...

NCC applauds House passage of farm legislation

Textiles | On 22nd Jun 2018

NCC applauds House passage of farm legislation

The National Cotton Council (NCC) of the US has welcomed the passage...

Courtesy: Roman Pohorecki from Pexels

Apparel/Garments | On 22nd Jun 2018

UK launches inquiry on sustainability of fashion industry

The Environmental Audit Committee of the UK Parliament has launched...

Interviews View All

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Top executives
Textile & apparel bodies

The decision to reduce GST on MMF yarn to 12% is transformational

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Apurva Kothari

No Nasties was the first fashion brand in India to make 100 per cent...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Sandip Bhojani, Manthan Patel

Krypthm Tradelink LLP is a Surat-based manufacturer of westernwear....

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Anisha Chaudhari
Threads & Shirts

Threads & Shirts is a freshly-tailored concept providing men/women a...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


June 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search