Last Updated : 14 April 2009 at 16:15 IST

Jason Toussaint joins WGC as MD of ETG

SHARE THIS STORY

Commodity Online
DUBAI: In an administrative reshuffle, the World Gold Council (WGC) has appointed Jason Toussaint as managing director of Exchange Traded Gold (ETG), which is the council’s global initiative to promote and develop the gold Exchange Traded Funds (ETFs) 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.

Forget equities, get into currencies.Trade now

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 CouncilWorld Gold Council.”

Aram Shishmanian, CEO, World Gold CouncilWorld 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 CouncilWorld 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.”