WGC Announces New MD of Middle East and Turkey

World Gold Council (WGC) today announced the appointment of Anan Fakhreddin as managing director, Middle East and Turkey, with effect from March 1.

Fakhreddin, 42, was formerly head of the Diamond Trading Corporation (DTC) in the UAE, based in Dubai, where he held a number of positions during his eight-year tenure.

Aram Shishmanian, CEO of WGC said, "I am delighted to welcome Anan to World Gold Council at such an important time for the region and for the gold market globally. The continuing financial market turmoil offers both challenge and opportunity for WGC and we must ensure the gold market in the Middle East remains strong and vibrant. Anan will add much to our capabilities as he brings his leadership, entrepreneurial and value delivery skills to bear in the region."

Anan Fakhreddin said: "I am looking forward to this great opportunity. World Gold CouncilWorld Gold Council has a crucial role to play in the Middle East and I am happy to take on this responsibility. My first task will be to listen to our key partners in the market and to ensure our strategy reflects their needs and aspirations."