The Founder and Chairman of GoldMoney, James Turk has retired as Chairman. Mr Turk will continue to serve on the board as a non-executive director utilising his valuable knowledge gained from 45 years of experience in international banking, finance and investments.
Mr Turk confirmed that his retirement from the active role of Chairman will enable him to focus on personal commitments. This will include a new book to follow up the success of the 'The Collapse of the Dollar', and to write content for his personal website (fgmr.com).
The Board has elected Jersey resident, Patrick Delafield, a long-standing GoldMoney non-executive director, as its new Chairman with immediate effect. Mr Delafield holds an MA in Law from the University of Cambridge and has travelled widely in both Western and Eastern Europe and the Middle East in the fulfilment of a number of senior roles in several major companies. He has lived in Jersey for over 30 years and has served as a non-executive director and/or chairman for other internationally focused businesses. Mr Turk said: "I look forward to working with Patrick and the other members of the board to ensure GoldMoney's continuing success."
Mr Turk founded GoldMoney in 2001 with his son, Geoff, to use the Internet to provide a convenient way to buy and store precious metals. Since then demand for physical bullion has grown, and GoldMoney has been at the forefront of supplying and storing precious metals. It currently safeguards more than US$1.6 billion of assets on behalf of over 22,000 customers from around the world.
CEO Geoff Turk said: "We remain extremely grateful to James for his vision and leadership in the creation of GoldMoney and its ability to enable individuals, companies and institutions in the global marketplace to conveniently and safely preserve purchasing power by diversifying their wealth with precious metals.
"We will now build on this solid foundation in the months and years ahead. We are also, of course, delighted to have the benefit of James' continuing involvement as a director, as he starts to enjoy his hard-earned retirement."