| Leading analyst joins
WGC to spearhead institutional investment
LONDON: Friday, February 25, 2000
Robert Weinberg has joined the World Gold Council to lead its international
institutional investment programme. This programme has already achieved
significant success in the US, where several institutions have recognised
the growing potential of gold as a portfolio diversifier for investment
funds. It is now to be extended across Europe under the management of
Dr Weinberg.
Dr Weinberg has more than 25 years' experience of the international gold
mining industry and is a figure familiar to all in the gold world. A former
marketing manager of the gold and uranium division of Anglo American Corporation,
and top-rated Extel gold mining analyst, he most recently was a director
of the investment banking division of Deutsche Bank in London. Prior to
that he was head of the global mining research team at SG Warburg. He
gained his doctorate in geology from Oxford University in 1973 and then
joined Anglo American, where he stayed for 12 years before joining James
Capel, where he rose to become head of the international mining department.
A British subject, he was born in Tripoli in 1947. He joined the board
of Glencar Mining in 1999 as a non-executive director.
Haruko Fukuda, chief executive of the WGC, said: "We are delighted to
have secured the services of someone with the exceptional experience of
Dr Weinberg. His extensive knowledge of all aspects of the gold mining
industry will prove invaluable to us as we drive the work of the Council
further into institutional investment, an area we regard as having considerable
potential for future gold demand."
- Ends -
Dr Weinberg is available for interview.
Contacts:
Dr Robert Weinberg, WGC : 0171 930 5171
Gary Mead, WGC: 0171 930 5171
Keith Irons, Bankside Consultants 0171 220 7477
Victor Webb, Marston Webb , New York. 001 212 684 6601 |