Two of Guernsey’s giants of bullion investment and trading will join forces when Toby Birch, Guernsey Gold Limited managing director, takes up a board position with BULLIONROCK as a non-executive director from 1 January next year.
Guernsey Gold Limited will surrender its registration to deal in bullion, issued by the Guernsey Financial Services Commission, on 31 December 2013.
BULLIONROCK, the trading name of Guernsey Mint Refined, launched its new name and brand earlier this year in order to reflect its focus on three distinct specialist areas: Select for institutional services, Invest for investment portfolios and Direct for online physical bullion sales.
Mr Birch is a well-respected figure in the world of finance and is a regular commentator on gold investment.
“I am delighted to be joining the board of BULLIONROCK. I have been extremely impressed with the operation since it started and have been doing business with the Guernsey Mint since I established Guernsey Gold in 2009,” Mr Birch said.
“Clients will, if they open an account with BULLIONROCK, see their transactional costs reduce while enjoying segregated bullion storage and the superb online portfolio reporting and valuation services that have been put together by Robin and his team.”
BULLIONROCK managing director, Robin Newbould, said the move further strengthens the company’s position in the global gold market.
“Toby is renowned for his expert knowledge of all things bullion. We are very confident that his appointment will deliver benefits to our business and to his clients,” he said.
“BULLIONROCK remains in a unique and advantageous position in the market. Toby’s decision to join us, and to recommend that his clients also join us, is another step in our strategy to ensure that Guernsey is known as one of the world’s best places to trade and store precious metal investments.”