Management Committee Nov 2023 – Nov 2025

SBMA affairs are administered by the Management Committee, elected bi-annually by SBMA members at the Annual General Meeting. They hold their offices for a term of two years. The Management Committee oversees and defines the role of the SBMA in the development of the Singapore bullion Market. The committee also sets the strategic direction on all other sub-committees of the association, audits the association’s accounts and sets the annual budget.

MANAGEMENT COMMITTEE

KL Yap, General Manager, Refining Business Unit, Metalor Technologies (Singapore) Pte Ltd (Chairman)
Vinh Nguyen, Head of Precious Metals, StoneX APAC Pte Ltd (Vice Chairman)
Kazuya Naoki, Head of Metals, Asia, ICBC Standard Bank PLC, Singapore Branch (Hon. Secretary)
Andrew Clarke, Head of Brink’s Global Services — Singapore, Malaysia, Indonesia & Brunei (Hon. Treasurer)

COMMITTEE MEMBERS

  • Raman Walia, Executive Director, Head of Commodities Sales, APAC – JP Morgan Chase Bank N.A.
  • Nikos Kavalis, Managing Director – Metals Focus Singapore Pte Ltd
  • Nuttapong Hirunyasiri, CEO – MTS Gold Global Trading Pte Ltd
  • John Levin, Global Metals – TD Securities
  • Alan Liew, Head of Bullion and Commodities Trading – United Overseas Bank Limited (UOB)
  • Shaokai Fan, Global Head of Central Banks, World Gold Council
  • Pawan Nawawattanasub, CEO, YLG Bullion Singapore Pte Ltd

MEMBERSHIP COMMITTEE

  • ICBC Standard Bank PLC, Singapore Branch (Chair)
  • StoneX APAC Pte Ltd
  • Metalor Technologies (Singapore) Pte Ltd
  • YLG Bullion Singapore Pte Ltd

GOOD DELIVERY LIST COMMITTEE

  • ICBC Standard Bank PLC, Singapore Branch (Chair)
  • Brink’s Global Services Pte Ltd
  • StoneX APAC Pte Ltd
  • JP Morgan Chase Bank, N.A.

PUBLIC AFFAIRS COMMITTEE

  • World Gold Council (Singapore) Pte Ltd (Chair)
  • StoneX APAC Pte Ltd
  • Silver Bullion Pte Ltd
  • TD Securities

FINANCE COMMITTEE

  • StoneX APAC Pte Ltd (Chair)
  • Brink’s Global Services Pte Ltd
  • World Gold Council (Singapore) Pte Ltd
  • Enterprise Singapore

STRATEGIC REVIEW COMMITTEE

  • Metalor Technologies (Singapore) Pte Ltd (Chair)
  • Brink’s Global Services Pte Ltd
  • StoneX APAC Pte Ltd
  • TD Securities
  • World Gold Council (Singapore) Pte Ltd
  • Enterprise Singapore

Profiles

Yap-Kok-Leong
Mr KL Yap, General Manager, Singapore Refining Business Unit – Metalor Technologies (Singapore) Pte Ltd
Since 2014, KL Yap has been heading the only LBMA accredited gold refinery in the sales and marketing in the Asia Pacific region. KL was sitting as the Vice Chairman of SBMA from 2017 to 2021.
 
Mr-Vinh_Nguyen-thumb
Mr Vinh Nguyen, Head of Precious Metals – StoneX APAC Pte Ltd
Vinh Nguyen joined StoneX Group in Singapore at the beginning of 2008 and responsible for its APAC precious metals activities since 2019 until now.
 
Kazuya Naoki
Mr Kazuya Naoki, Head of Metals, Asia – ICBC Standard Bank PLC, Singapore Branch
Kazuya (Kaz) Naoki is the Head of Metals, Asia of ICBC Standard Bank in Singapore and is responsible for the precious & base metals sales and trading in the region. He joined Standard Bank Plc Tokyo Branch in 2008 and was relocated to its Singapore Branch in 2013 whose controlling stake was acquired by the Industrial and Commercial Bank of China in 2015. Prior to joining Standard Bank, Kaz spent 11 years focusing on commodity trading and risk management with Mitsui & Co in Tokyo, Sydney and London. Kaz has been serving on the SBMA Management Committee since 2016.
 
Raman Walia
Mr Andrew Clarke – Head of Brink’s Global Services
Andrew Clarke is the Head of BGS (Brink’s Global Services) for Singapore, Indonesia, Malaysia and Brunei. He has held various leadership positions throughout his career in secure logistics and risk management with Brink’s, which started in Hong Kong in 2010. Andrew relocated to Singapore in 2018 to expand the precious metals line of business along with Brink’s portfolio of services and industries.
 
Raman Walia
Mr Raman Walia, Executive Director, Head of Commodities Sales – APAC , JP Morgan Chase Bank N.A.
Raman is Executive Director and Head of Commodities Sales, APAC, for J.P. Morgan. He joined JPMorgan in 2008 in New York, moved to Singapore in 2011, and helped expand the precious metals business in the region. Raman has an MBA from Cornell University, and likes to travel in his spare time.
 
Amar Singh
Mr Nuttapong Hirunyasiri, CEO – MTS Gold Global Trading Pte Ltd
Nuttapong Hirunyasiri is the CEO of MTS Gold Group, one of Thailand’s top 10 companies and top 3 bullion companies. He started MTS Gold Group’s first overseas office in Singapore and has been expanding the group business internationally. He focuses on product development and innovation for gold investment, with the aim of being a leader in providing the full suite of gold investment services in the ASEAN region.
 
Mr John Levin
Global Metals – TD Securities

TBA

 
Nikos Kavalis
Mr. Nikos Kavalis, Managing Director, Metals Focus Singapore Pte Ltd
Nikos Kavalis is a founding partner of Metals Focus. He has over 20 years of experience in precious metals, having previously worked for the Royal Bank of Scotland and GFMS. Since September 2019, Nikos has been based in Singapore, where he also runs the local subsidiary of Metals Focus.
 
Andrew Naylor
Mr. Alan Liew, Head of Bullion & Commodities Trading, United Overseas Bank Limited
Alan is Head of Bullion and Commodities Trading for Group Trading in Global Markets, United Overseas Bank (UOB). Alan joined UOB and started the bank’s commodities trading business in 2014, previously he spent eight years in Standard Chartered Bank (SCB) trading both precious and base metals. During his tenure at SCB, he obtained the SGE gold trader licence and was part of the pioneering team for the SGE business and the FX quantitative trading team. Prior to trading, he worked for Monetary Authority of Singapore in the Financial Risk Management Division. He holds a BSc (Hon) in Computer Science at National University of Singapore and a MSc in Financial Engineering at Nanyang Technological University.
 
Andrew Naylor
Mr. Shaokai Fan, Global Head of Central Banks, World Gold Council
Shaokai Fan is the Global Head of Central Banks at the World Gold Council, responsible for advising governments on gold matters, and enhancing the gold market through engagement, dialogue, and thought leadership. He works directly with central banks and sovereign wealth funds on investment considerations. Prior to this position, Shaokai held multiple roles at Standard Chartered Bank, including Director for Asia Strategic Initiatives and Associate-Director for Public Sector coverage. Shaokai holds a Masters of Public Administration from Columbia University and the London School of Economics, and an undergraduate degree in finance and economics from New York University.
 
Pawan Nawawattanasub
Ms. Pawan Nawawattanasub, CEO – YLG Bullion Singapore Pte Ltd
Pawan is the CEO of YLG Bullion Singapore and founder of YLG Bullion International. She hasalmost 40 years of experience in the jewellery industry and established YLG in Thailand in 2003. In 2012, she brought YLG to Singapore. She sits on the Board of Directors of the Thailand Gold Traders Association, the Thailand Futures Exchange’s Arbitration Committee, and the Rotary Bangkok committee. She holds a master’s degree in Political Science.