Toronto-based Bullion Management Group Inc. (BMG) Wednesday announced three new appointees to the company’s board of directors, each of whom brings extensive business experience to the board.
Named to the board are two chartered accountants and a globally successful entrepreneur: Glenn Cooper, Lance McIntosh and Robert Torokvei.
With this announcement the BMG board increases by one to four members in total. The new board each bring more than 30 years of business experience in key areas related to bullion, finance, security and international marketing.
“The skill and expertise of this new board will be a tremendous asset as BMG positions itself for its next stage of growth, working with clients who want to preserve their wealth and truly diversify their portfolios in challenging economic times,” says BMG’s CEO Nick Barisheff.
Cooper earned an MBA and a B.Comm from McMaster University and in 1973 qualified as a Chartered Accountant. With more than 30 years of financial experience, he has served as the president and CEO of Independent Equity Research Corporation and of Citigroup Fund Services Canada Inc., where he developed and implemented the business strategies to provide back office administrative services for the Canadian investment fund industry and offshore funds. Previously, Cooper held senior operational and financial executive positions with Canadian Tire Corporation and the Workplace Safety and Insurance Board. He was a member of the CICA Accounting Standards Board User Advisory Council from 2004 to 2012, and has been associated with BMG since 2005.
McIntosh has over 35 years of experience in senior finance and corporate management roles, and is a member of the Institute of Chartered Accountants of Ontario. He has held senior financial positions with Canadian private and public corporations including CanWest Capital Corp., Novopharm Biotech Inc. and ATI Technologies Inc. Since February 2003, Lance has been senior financial advisor to Regulus Investments Inc. and executive director of the Paloma Foundation. Since May 2006, he has been senior financial advisor to Gemini Power Corp. and, more recently, senior financial advisor to Regulus Forest Products Inc.
After graduating from the University of Miami in 1974, Torokvei became involved in various management capacities of operations controlled by Scepter Manufacturing Co. Ltd. both in Canada and the United States. Scepter is a leading plastics processor involved in the material handling and industrial container industries. Since 1992 he has been president and CEO of Toronto-based Scepter Corporation. The company is privately held and Torokvei is a principal shareholder. In addition to Scepter, he is also currently a director of The Torokvei Foundation, Scepter Holdings Inc. and KGK Synergize.
The three appointees replace outgoing board members David Chapman and Larry Gamble.
BMG is a precious metals bullion management company with $567 million of assets under management.