The World Gold Council has appointed its new Chief Executive Officer for 2019, as the organisation looks to navigate the shifting gold market landscape.
The market development organisation for the gold industry announced that David Tait will take up the position of CEO of World Gold Council, replacing the outgoing CEO after 10 years.
David will join the World Gold Council after a successful career in the financial services industry, in which he served as Global Head of Fixed Income Macro Products at Credit Suisse, as well senior trading roles at Credit Suisse and UBS Investment Bank.
Over an illustrious career, David has worked for Goldman Sachs, Bluecrest Capital, Peloton Partners and Citadel Europe. e is currently an Independent Member of the Bank of England’s FICC Market Standards Board. David is also a major supporter of the NSPCC and has raised over £1 million by climbing Mount Everest on five occasions. He was awarded an MBE by the Queen for his services to the charity.
David will join the organisation on 7th January 2019 as CEO Designate for a transitionary period before becoming CEO on 25th February. He will succeed Aram Shishmanian, who has served as CEO over the past 10 years.
The Chair of the World Gold Council, David Harquail, commented: “I would like to thank Aram Shishmanian for the leadership role he has played over the past decade. As CEO, he has transformed the World Gold Council into a truly influential organisation that has helped to stimulate and sustain the demand for gold globally. I am looking forward to working with David Tait to continue this important work.”
David Tait added: “This is a pivotal role for the gold industry and one that I am truly excited to take on. Global markets have undergone immense change over recent years and the case for investing in gold is as relevant today as it was for investors a century ago. I look forward to working closely with the members of the World Gold Council as we develop what is next for gold in these increasingly uncertain times.