November 5, 2015 – Degussa Goldhandel GmbH is represented by a branch office in Singapore with immediate effect. The company is thus pushing ahead with its national and international expansion strategy. In addition to its ten locations in Germany and three other European representative offices in Madrid, Zürich and Geneva, Europe’s largest precious metals trader is now also active in the Asian gold market. Numerous guests attended the opening celebrations, including Dr Michael Witter, the Ambassador of the Federal Republic of Germany, and were provided with an initial insight into the services offered and the new premises.
Present at the opening of the Singapore branch: Wolfgang Wrzesniok-Rossbach, Michael Witter, and Raphael Scherer. Photograph: © Degussa Goldhandel.
“Within just a few decades, Singapore has progressed from being an emerging country into a highly developed industrial nation and enjoys a reputation as a highly significant international financial centre. Due to its dynamic economy and stable political system, Singapore is very popular with Asian investors especially”, explains Raphael Scherer, Chief International Officer (CIO) of Degussa Goldhandel GmbH and responsible for the international development of the precious metal trader. “For our international expansion strategy, with which we have been continuously pressing ahead since 2013, the Asian market represents the next logical step after the locations we have opened in Europe. The high demand in the investment field and the popularity of gold products with the local customers make Singapore a location that we regard as having a high growth potential for Degussa.”
New Singapore branch of Degussa Goldhandel. Photograph: © Degussa Goldhandel.