A-Mark Expands Trading Team with Appointment of Industry Veteran Rick Gibbons as Senior Vice President of Trading, Global Precious Metals

Rhea-AI Summary

A-Mark Precious Metals (NASDAQ: AMRK) announced the appointment of Rick Gibbons as senior vice president of trading, enhancing its trading team. Gibbons has over 30 years of experience in precious metals trading, previously serving at HSBC, where he contributed to the firm's success in institutional trading. His expertise spans mine finance and institutional trading, which A-Mark aims to leverage for global trading operations expansion. A-Mark operates through segments including Direct-to-Consumer and Wholesale Sales, offering various precious metals and related products.

Positive

• Rick Gibbons' extensive experience in precious metals trading may enhance A-Mark's trading operations.
• Gibbons' established relationships in the industry could lead to new business opportunities.

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• None.

EL SEGUNDO, Calif., May 06, 2021 (GLOBE NEWSWIRE) -- A-Mark Precious Metals, Inc. (NASDAQ: AMRK) (A-Mark), a leading fully integrated precious metals platform, has expanded its trading team with the appointment of Rick Gibbons to the new position of senior vice president of trading, global precious metals.

Gibbons brings to A-Mark more than three decades of experience in precious metals trading. Prior to A-Mark, Gibbons was a senior trader in HSBC’s precious metals division. During his 34-year tenure at HSBC, Gibbons helped to establish the firm as one of the world's leading institutional precious metals firms. He started his career at Merrill Lynch, where he completed the firm’s prestigious training program, and is a longtime member of the International Precious Metals Institute (IPMI).

“Rick’s extensive background from mine finance and end user consumption to institutional trading, makes him a valuable addition to our trading team,” said Kevin Pelo, executive vice president and head of global trading for A-Mark. “Rick brings a proven track record and deep industry relationships to our company, which we look forward to leveraging as we expand A-Mark’s trading operations globally.”

About A-Mark Precious Metals
Founded in 1965, A-Mark Precious Metals, Inc. (NASDAQ: AMRK) is a leading fully integrated precious metals platform that offers an array of gold, silver, platinum, copper and palladium bullion, numismatic coins and related products to retail and wholesale customers via a portfolio of channels. The company conducts its operations through three complementary segments: Direct-to-Consumer, Wholesale Sales & Ancillary Services, and Secured Lending. The company’s global customer base spans sovereign and private mints, manufacturers and fabricators, refiners, dealers, financial institutions, industrial users, investors, collectors, and e-commerce and other retail customers.  

A-Mark is headquartered in El Segundo, California, with offices and facilities in Los Angeles, California, Vienna, Austria, Las Vegas, Nevada, Winchester, Indiana, and Dallas, Texas. For more information, visit www.amark.com.

Company Contact:
Steve Reiner, Executive Vice President, Capital Markets & Investor Relations
A-Mark Precious Metals, Inc.
310.587.1410
sreiner@amark.com

Investor Relations Contact:
Matt Glover
Gateway Investor Relations
1-949-574-3860
AMRK@gatewayir.com

FAQ

What role has Rick Gibbons taken at A-Mark Precious Metals?

Rick Gibbons has been appointed as senior vice president of trading, focusing on global precious metals.

What experience does Rick Gibbons bring to A-Mark?

Gibbons brings over 30 years of experience in precious metals trading, previously with HSBC.

How might Rick Gibbons’ appointment affect A-Mark's trading operations?

His extensive background and industry relationships could enhance A-Mark's trading and expansion efforts globally.

What segments does A-Mark Precious Metals operate in?

A-Mark operates in Direct-to-Consumer, Wholesale Sales & Ancillary Services, and Secured Lending segments.