A-Mark Precious Metals Strengthens Trading Team with Appointment of Justin Blatti as Vice President of Trading
March 23 2020 - 5:20PM
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 trading team
with the appointment of Justin Blatti as the company’s new vice
president of trading. Blatti will report to A-Mark’s new head of
global trading, Kevin Pelo, who was promoted earlier this month.
Blatti brings to A-Mark more than 10 years of experience in
precious metals and foreign exchange trading. Prior to joining
A-Mark, Blatti was a senior precious metals and foreign exchange
trader at Russell Investments, a global, multi-asset class
investment manager, where he successfully led a foreign exchange
trading team. Blatti also implemented various precious metals
proprietary trading strategies at Russell to help augment
inter-portfolio risk adjusted returns while actively hedging macro
risks from equities, fixed income and currencies overlay
strategies. Prior to his tenure at Russell Investments, Blatti held
various trading positions at Barclays and Lehman Brothers.
“Justin’s unique combination of technical trading skills and
strategic thinking make him a valuable addition to our global
trading team,” said Pelo. “Justin not only brings tremendous
precious metals trading expertise and relationships to A-Mark, but
also significant international business development experience that
we’ll look to leverage as we expand our 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
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