MKS (Switzerland) SA is a trader of

precious metal Precious metals are rare, naturally occurring metallic chemical elements of high Value (economics), economic value. Precious metals, particularly the noble metals, are more corrosion resistant and less reactivity (chemistry), chemically reac ...

s. Based in

Geneva Geneva ( , ; ) ; ; . is the List of cities in Switzerland, second-most populous city in Switzerland and the most populous in French-speaking Romandy. Situated in the southwest of the country, where the Rhône exits Lake Geneva, it is the ca ...

, the group employs approximately 1,500 workers. MKS is an associate of the

London Bullion Market Association The London Bullion Market Association (now known simply as LBMA), established in 1987, is the international trade association representing the global Over The Counter (OTC) bullion market, and defines itself as "the global authority on precious ...

(LBMA), and its subsidiary PAMP has been on the LBMA's Gold List, widely recognised in the

financial services Financial services are service (economics), economic services tied to finance provided by financial institutions. Financial services encompass a broad range of tertiary sector of the economy, service sector activities, especially as concerns finan ...

industry as the indicator of quality, since 1987.

Areas of activity

As a trading house the company's clients include organisations in the financial services industry, such as banks and fund managers, commodities processors such as gold miners and

jewellery Jewellery (or jewelry in American English) consists of decorative items worn for personal adornment such as brooches, ring (jewellery), rings, necklaces, earrings, pendants, bracelets, and cufflinks. Jewellery may be attached to the body or the ...

manufacturers. MKS subsidiary PAMP SA (Produits Artistiques Metaux Precieux), based in Castel San Pietro in the Swiss canton of

Ticino Ticino ( ), sometimes Tessin (), officially the Republic and Canton of Ticino or less formally the Canton of Ticino, is one of the Canton of Switzerland, 26 cantons forming the Switzerland, Swiss Confederation. It is composed of eight districts ...

, is a refinery processing

gold Gold is a chemical element; it has chemical symbol Au (from Latin ) and atomic number 79. In its pure form, it is a brightness, bright, slightly orange-yellow, dense, soft, malleable, and ductile metal. Chemically, gold is a transition metal ...

silver Silver is a chemical element; it has Symbol (chemistry), symbol Ag () and atomic number 47. A soft, whitish-gray, lustrous transition metal, it exhibits the highest electrical conductivity, thermal conductivity, and reflectivity of any metal. ...

platinum Platinum is a chemical element; it has Symbol (chemistry), symbol Pt and atomic number 78. It is a density, dense, malleable, ductility, ductile, highly unreactive, precious metal, precious, silverish-white transition metal. Its name origina ...

and

palladium Palladium is a chemical element; it has symbol Pd and atomic number 46. It is a rare and lustrous silvery-white metal discovered in 1802 by the English chemist William Hyde Wollaston. He named it after the asteroid Pallas (formally 2 Pallas), ...

. The refinery produces bars,

coin A coin is a small object, usually round and flat, used primarily as a medium of exchange or legal tender. They are standardized in weight, and produced in large quantities at a mint in order to facilitate trade. They are most often issued by ...

s and

medallion A medal or medallion is a small portable artistic object, a thin disc, normally of metal, carrying a design, usually on both sides. They typically have a commemorative purpose of some kind, and many are presented as awards. They may be in ...

s from the precious metals it refines as well as providing semi-finished products to jewellers and watch manufacturers. It counts

Harrods Harrods is a Listed building, Grade II listed luxury department store on Brompton Road in Knightsbridge, London, England. It was designed by C. W. Stephens for Charles Digby Harrod, and opened in 1905; it replaced the first store on the ground ...

among its retail partners, which offers PAMP's minted products to its customers at its bank in its

London London is the Capital city, capital and List of urban areas in the United Kingdom, largest city of both England and the United Kingdom, with a population of in . London metropolitan area, Its wider metropolitan area is the largest in Wester ...

flagship store.

History

The company was founded in

Switzerland Switzerland, officially the Swiss Confederation, is a landlocked country located in west-central Europe. It is bordered by Italy to the south, France to the west, Germany to the north, and Austria and Liechtenstein to the east. Switzerland ...

in 1979 by an Iraqi gold trader Mahmoud Kassem Shakarchi, hence the name MKS. His son and daughter jointly took over the running of the company in 1983, since when the company has expanded to have staff located in 15 offices in 12 countries around the world. MKS bought PAMP SA in 1981, and began to supply gold bars to jewellers, high street banks, investments banks and

central banks A central bank, reserve bank, national bank, or monetary authority is an institution that manages the monetary policy of a country or monetary union. In contrast to a commercial bank, a central bank possesses a monopoly on increasing the monet ...

PAMP

PAMP SA (Produits Artistiques Métaux Précieux) is a world leading, independently operated, precious metals refining and fabricating company, member of the MKS Group. It was established in 1977 in

. It provides vertically integrated services in precious metals, from collection of doré from the mine, through to assaying, hedging and delivery of its bars and other products throughout the world. The company produces a complete selection of bullion bars, from 12.5 kilograms to 1 gram and leads the world market for gold bars of 50 grams or less. PAMP also operates in India through MMTC-PAMP, a joint venture between the company and

MMTC Ltd MMTC Ltd. (known fully as Metals and Minerals Trading Corporation of India) is one of the two highest earners of foreign exchange for India and India's largest public sector trading body. Not only handling the export and import of primary prod ...

MKS in the media

MKS is often quoted as a gold trading expert in the media. Financial media such as

Bloomberg Bloomberg may refer to: People * Daniel J. Bloomberg (1905–1984), audio engineer * Georgina Bloomberg (born 1983), professional equestrian * Michael Bloomberg (born 1942), American businessman and founder of Bloomberg L.P.; politician a ...

, ''

Businessweek ''Bloomberg Businessweek'', previously known as ''BusinessWeek'' (and before that ''Business Week'' and ''The Business Week''), is an American monthly business magazine published 12 times a year. The magazine debuted in New York City in Septembe ...

'', ''

Financial Times The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and also published digitally that focuses on business and economic Current affairs (news format), current affairs. Based in London, the paper is owned by a Jap ...

'',

Reuters Reuters ( ) is a news agency owned by Thomson Reuters. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide writing in 16 languages. Reuters is one of the largest news agencies in the world. The agency ...

and the ''

San Francisco Chronicle The ''San Francisco Chronicle'' is a newspaper serving primarily the San Francisco Bay Area of Northern California. It was founded in 1865 as ''The Daily Dramatic Chronicle'' by teenage brothers Charles de Young and M. H. de Young, Michael H. ...

''"Gold May Decline in New York as Stronger Dollar Cuts Demand"
''San Francisco Chronicle'', 20 June 2011 have quoted them.

References

External links

Bullion Market Association, full members' list
* ttp://pamp.goldavenue.com/Brand.aspx?CALL=363934/ PAMP Shop, ''Goldavenue'' {{DEFAULTSORT:Mks Finance Financial services companies of Switzerland Swiss companies established in 1979