SHANGHAI, Oct 9 (SMM) — Amalgamated Metal Trading Ltd (“AMT”) is pleased to announce the opening of a new office in Singapore by its sister company, Amalgamated Metal Trading (Singapore) Pte Ltd on 6th October 2020.
On behalf of AMT London, the Singapore office will look to develop its non-ferrous, ferrous and precious metals client base in South-East Asia and Australasia. Jolynn Chew, ex Societe Generale, will be CEO of the new company supported by William Zhang, previously of Parthnon Derivatives.
AMT's Managing Director, Nick Fellowes, comments, “this latest expansion of our physical footprint to Singapore reflects AMT's growing commitment to serving industrial businesses, merchants, funds and financial institutions of all sizes across the Asia-Pacific region looking to hedge or increase their metal price exposure”.
Fellowes emphasises the importance of physical presence of a business in the markets it is pursuing to establish itself, “the global metals industry depends on the relationships and mutual trust built between businesses and individuals through physical interaction. We believe a regional presence is critical for this, particularly in the post-pandemic world.”