Joseph is the Global Head of Sales and is the Regional CEO (USA) at World Gold Council. He is an accomplished senior-level professional with demonstrated expertise in the areas of global capital markets, exchange traded funds, asset management, trading, and business/platform development. Joseph's experience includes new platform builds, innovative technologies in the capital markets space and a leadership role in the integration of BGI (iShares) into BlackRock.
The US bank becomes an additional custodian for the world's largest gold ETF. Some of the gold bars will also be stored in Zurich.
Having JP Morgan will change the current operating model of having only one custodian and vault to accommodate the fund's activity as it anticipates of future growth.