SANTA MONICA, Calif.--(BUSINESS WIRE)--A-Mark Precious Metals, Inc. (“A-Mark”), a subsidiary of Spectrum Group International, Inc. (OTCQB:SPGZ) (“SGI”), announced today that Craig Tuckman has joined the firm as Managing Director of Structured Products.
During his 27 years in the metals business, Mr. Tuckman has been involved in commercial trading, financial risk management and structured products. The expertise and relationships Mr. Tuckman developed at financial institutions that include CIBC, Citigroup, Merrill Lynch and BNP Paribas will be invaluable as A-Mark continues to grow.
Greg Roberts, CEO of A-Mark and SGI, noted, “We are very pleased that Mr. Tuckman will be supporting the growth of our business at A-Mark. We believe that his experience and insight will be instrumental in the continued expansion of our global operations.”
A-Mark also announced Jerry Gill has joined the firm as a special consultant to Structured Products. Mr. Gill, formerly of Johnson Matthey Group, has 41 years of experience overseeing the commercial growth of two of North America’s largest and respected precious metal refineries. During this time Mr. Gill has developed many strategic relationships and gained a unique perspective of the industry.
“Mr. Gill’s experience in commercial operations adds another level of depth and complexity to our global team,” commented David Madge, President of A-Mark.
About Spectrum Group International, Inc.
Spectrum Group International, Inc. is a global trading and collectibles network. We are a trader of precious metals and an auctioneer of coins, currency and wine, serving both collectors and dealers. We are also a merchant/dealer of certain collectibles. Our collectibles offerings span the price spectrum from modest to ultra-high end. Furthermore, we offer loans to coin dealers, collectors and investors backed by their precious metals, rare coins and other collectibles as collateral.
Our trading business is conducted through A-Mark Precious Metals, Inc. (A-Mark) and its subsidiaries. A-Mark is a full-service precious metal trading company, and an official distributor for many government mints throughout the world. A-Mark products include gold, silver, platinum and palladium for storage and delivery in the form of coins, bars, wafers and grain, and our services include financing, leasing, consignment, hedging and various customized financial programs. A-Mark’s subsidiary, Collateral Finance Corporation, provides financing on a wide array of bullion and numismatic products.
Our numismatic collectibles business is operated through Stack’s Bowers Galleries, which conducts live, Internet and specialized auctions of rare U.S. and world coins and currency and ancient coins, as well as direct sales through retail and wholesale channels. Stack’s Bowers Galleries has offices in North America, Europe and Asia.
Spectrum Wine Auctions is engaged in the sale by auction of rare and fine vintage wine.
Safe Harbor Statement
This press release contains forward-looking statements, including statements regarding the proposed transaction. Any statements contained herein that are not statements of historical fact may be deemed “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and the Securities Exchange Act of 1934. Actual results may differ materially from forward-looking statements due to a number of risks and uncertainties, including the risk that the conditions to the closing of the transaction may not be satisfied. Other factors that could cause actual results to differ are identified in our public filings with the Securities and Exchange Commission (SEC), and include the fact that we have not filed all of our reports required by the Securities Exchange Act of 1934. More information about factors that could affect our business and financial results included in our public filings with the SEC, which are available on the SEC’s website located at www.sec.gov.
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