DMCC appoints executive director for gold and precious metals

As a leading member of the international gold and precious metals community with over 30 years experience, Colin has been appointed by DMCC to specifically drive regional market and product development.

Colin will work locally and regionally with DMCC and their partners to promote the highest global standards in product and service development, while simultaneously encouraging greater transparency to the benefit of all.

"DMCC's aim is to facilitate the development and expansion of the local and regional precious metals market. I am excited about the opportunities DMCC offers the industry and look forward to working with other industry professionals and the DMCC team in their efforts to raise the regions precious metals sector to global standards. Having visited and worked in many major gold markets globally, I strongly believe that DMCC provides the ideal business environment from which to run an effective regional metals operation," said Colin.

Welcoming the appointment, DMCC CEO, Tawfique Abdullah said: "Given Colin's extensive experience we are sure that the wider gold sector, along with DMCC member companies in the mining, refining and production segments of the gold industry, will benefit greatly from his knowledge and valuable insights."

A senior member of the worldwide gold community, Colin Griffith has worked within the gold and precious metals sector since 1969. His career started as a young ring trader at HP Thompson on the London Metal Exchange, reporting to Ivor Foster who later became Chairman of the London Metals Exchange.

He then moved into the bullion market where he held senior trading, marketing and managerial positions for a selection of very contrasting organisations - Mocatta (the oldest bullion bank in London - now Scotia Mocatta), Credit Suisse and Standard Bank, the leading South African Bank.