A-Mark Precious Metals Strengthens Senior Leadership Through Promotions of Experienced Team Members
March 09 2020 - 8:00AM
A-Mark Precious Metals, Inc. (NASDAQ: AMRK), a
leading full-service provider of products and services to the
global precious metals market, has strengthened its senior
leadership team through the promotions of key contributors Brian
Aquilino and Kevin Pelo. Aquilino has been promoted from Vice
President of Operations to Chief Operating Officer (COO) and Pelo
from Vice President of Trading to Head of Global Trading. Both
promotions are effective immediately.
Aquilino joined A-Mark in 2001 and for the last ten years has
served as Vice President of Operations. In addition to managing the
day-to-day operations for the company, Aquilino was the chief
architect of the build-out and launch of A-Mark’s logistics
services brand and facility, A-M Global Logistics, (AMGL), a
full-service logistics fulfillment center based in Las Vegas,
Nevada. As COO, Aquilino will be responsible for the alignment of
business unit priorities and ensuring operational excellence across
the company.
“Brian has been an invaluable asset to our team over the last 20
years, and his promotion is well-deserved recognition of his
service as well as abilities,” said A-Mark CEO Greg Roberts. “In
his new role as COO, Brian will focus on continued improvement and
enhancement of AMGL’s products and services, including expanding
the facility’s IRA custody services and enhancing its logistics
services for our growing e-commerce customer base.”
Pelo joined A-Mark as a bullion trader in 2009 and was promoted
to Vice President of Trading in 2017.
“Kevin has been on our trading desk his entire A-Mark career,
has grown with us and proved to be a trading talent ready to run
the department,” added Roberts. “As our new Head of Global Trading,
Kevin will focus on managing our trading team as well as expanding
A-Mark’s presence and offerings in Europe.”
About A-Mark Precious MetalsFounded in 1965,
A-Mark Precious Metals, Inc. (NASDAQ: AMRK) is a leading
full-service precious metals trading company and wholesaler of
gold, silver, platinum and palladium bullion and related products.
The company’s global customer base includes sovereign and private
mints, manufacturers and fabricators, refiners, dealers, financial
institutions, industrial users, investors, collectors, and
e-commerce and other retail customers. The company conducts its
operations through three complementary segments: Wholesale Trading
& Ancillary Services, Secured Lending, and Direct Sales.
A-Mark operates several business units in its Wholesale Trading
& Ancillary Services segment, including Industrial, Coin and
Bar, Trading and Finance, Transcontinental Depository Services
(TDS), Logistics, and the Mint (as more fully described below). Its
Industrial unit services manufacturers and fabricators of products
utilizing precious metals, while its Coin and Bar unit deals in
over 200 different products for distribution to dealers and other
qualified purchasers. As a U.S. Mint-authorized purchaser of gold,
silver and platinum coins, A-Mark purchases bullion products
directly from the U.S. Mint for sale to customers. A-Mark also has
distributorships with other sovereign mints, including Australia,
Austria, Canada, China, Mexico, South Africa and the United
Kingdom. Through its TDS subsidiary, A-Mark provides customers with
a variety of managed storage options for precious metals worldwide.
Through its A-M Global Logistics subsidiary, A-Mark provides
customers an array of complementary services, including receiving,
handling, inventorying, processing, packaging and shipping of
precious metals and custom coins on a secure basis. A-Mark also
holds a majority stake in a joint venture that owns the minting
operations known as SilverTowne Mint (Mint), which designs and
produces minted silver products which provide greater product
selection to customers, price stability within the supply chain as
well as more secured access to silver during volatile market
environments.
The company operates its Secured Lending segment through its
wholly-owned subsidiaries, Collateral Finance Corporation (CFC) and
AM Capital Funding, LLC (AMCF). Founded in 2005, CFC is a
California licensed finance lender that originates and acquires
loans secured by bullion and numismatic coins. Its customers
include coin and precious metal dealers, investors, and collectors.
AMCF was formed in 2018 for the purpose of securitizing
eligible secured loans of CFC.
A-Mark operates its Direct Sales segment primarily through its
wholly-owned subsidiary Goldline Inc. (Goldline), a direct retailer
of precious metals for the investor community. Goldline markets
A-Mark’s precious metal products through various channels,
including radio, television, and the Internet.
A-Mark is headquartered in El Segundo, California, with offices
and facilities in Los Angeles, California, Vienna, Austria, Las
Vegas, Nevada, and Winchester, Indiana. For more information, visit
www.amark.com.
Company Contact:Thor Gjerdrum, PresidentA-Mark
Precious Metals, Inc.1-310-587-1414thor@amark.com
Investor Relations Contact:Matt GloverGateway
Investor Relations1-949-574-3860AMRK@gatewayir.com
A Mark Precious Metals (NASDAQ:AMRK)
Historical Stock Chart
From Mar 2024 to Apr 2024
A Mark Precious Metals (NASDAQ:AMRK)
Historical Stock Chart
From Apr 2023 to Apr 2024