World Gold Trust Services (WGTS), a wholly-owned subsidiary of the World Gold Council, has named William Rhind as its chief executive officer.
His appointment is with immediate effect and alongside his responsibilities for ETFs at the World Gold Council.
Established in 2004, World Gold Trust Services is sponsor to SPDR Gold Trust, whose shares are traded on the New York Stock Exchange, in addition to exchanges in Singapore, Tokyo, Hong Kong and Mexico.
Prior to joining the World Gold Council in 2013, Rhind was a senior executive at ETF Securities, an independent exchange-traded product provider, from 2007 to 2013. He was also formerly a principal at iShares. He began his career as an investment banking analyst at Nomura International in London.
Rhind says: “I am delighted to expand and enhance my responsibilities at the World Gold Council to include leadership of World Gold Trust Services. This is an especially important time for the trust as GLD approaches its 10th anniversary and we build on our track record as the largest physically backed gold ETF in the world.”
World Gold Council CEO Aram Shishmanian says: “Will’s career and experience to date means he is ideally placed to lead our ETF business through the next decade, sustaining and enhancing GLD’s position as the world’s leading physically backed gold ETF and ensuring that gold continues to be accessible to all investors who seek to hold it as part of a balanced portfolio.”