The World Gold Council, the market development organisation for the gold industry, has announced the appointment of David Tait as incoming chief executive officer.
Tait joins the World Gold Council following a highly successful career in the financial services industry. His most recent role was global head of fixed income macro products at Credit Suisse. Prior to that he held senior trading roles at both Credit Suisse and UBS Investment Bank.
David Tait will join the World Gold Council on January 7 2019 as chief executive officer designate for a transitionary period before becoming chief executive officer on February 25. He will succeed Aram Shishmanian, who has served as CEO over the past 10 years.
“This is a pivotal role for the gold industry and one that I am truly excited to take on,” shares Tait. “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.”
Tait began his career trading at Goldman Sachs and Credit Suisse and then built considerable asset management experience at Bluecrest Capital, Peloton Partners and Citadel Europe. Tait is currently an independent member of the Bank of England’s FICC Market Standards Board. He is also a major supporter of the NSPCC and has raised over £1 million by climbing Mount Everest on five occasions. Tait has even been awarded an MBE by the Queen for his services to the charity.
The chair of the World Gold Council, David Harquail, comments: “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.”