MKS (Switzerland) SA is a trader of

precious metal Precious metals are rare, naturally occurring metallic chemical elements of high economic value. Chemically, the precious metals tend to be less reactive than most elements (see noble metal). They are usually ductile and have a high lustre. ...

s. Based in

Geneva Geneva ( ; french: Genève ) frp, Genèva ; german: link=no, Genf ; it, Ginevra ; rm, Genevra is the List of cities in Switzerland, second-most populous city in Switzerland (after Zürich) and the most populous city of Romandy, the French-speaki ...

, the group employs approximately 600 workers and turns over an estimated US$70 million. 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 the Service (economics), economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, acco ...

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 ( UK) or jewelry (U.S.) consists of decorative items worn for personal adornment, such as brooches, rings, necklaces, earrings, pendants, bracelets, and cufflinks. Jewellery may be attached to the body or the clothes. From a wester ...

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,, informally ''Canton Ticino'' ; lmo, Canton Tesin ; german: Kanton Tessin ; french: Canton du Tessin ; rm, Chantun dal Tessin . ...

, is a refinery processing

gold Gold is a chemical element with the symbol Au (from la, aurum) and atomic number 79. This makes it one of the higher atomic number elements that occur naturally. It is a bright, slightly orange-yellow, dense, soft, malleable, and ductile met ...

silver Silver is a chemical element with the Symbol (chemistry), symbol Ag (from the Latin ', derived from the Proto-Indo-European wikt:Reconstruction:Proto-Indo-European/h₂erǵ-, ''h₂erǵ'': "shiny" or "white") and atomic number 47. A soft, whi ...

platinum Platinum is a chemical element with the symbol Pt and atomic number 78. It is a dense, malleable, ductile, highly unreactive, precious, silverish-white transition metal. Its name originates from Spanish , a diminutive of "silver". Platinu ...

and

palladium Palladium is a chemical element with the symbol Pd and atomic number 46. It is a rare and lustrous silvery-white metal discovered in 1803 by the English chemist William Hyde Wollaston. He named it after the asteroid Pallas, which was itself na ...

. The refinery produces bars,

coin A coin is a small, flat (usually depending on the country or value), round piece of metal or plastic 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 t ...

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 int ...

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

Harrods Harrods Limited is a department store located on Brompton Road in Knightsbridge, London, England. It is currently owned by the state of Qatar via its sovereign wealth fund, the Qatar Investment Authority. The Harrods brand also applies to other ...

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

London London is the capital and largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary down to the North Sea, and has been a majo ...

flagship store.

History

The company was founded in

Switzerland ). Swiss law does not designate a ''capital'' as such, but the federal parliament and government are installed in Bern, while other federal institutions, such as the federal courts, are in other cities (Bellinzona, Lausanne, Luzern, Neuchâtel ...

in 1979 by 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, or monetary authority is an institution that manages the currency and monetary policy of a country or monetary union, and oversees their commercial banking system. In contrast to a commercial bank, a central ba ...

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., 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 products such as co ...

MKS in the media

MKS is often quoted as a gold trading expert in the media. Financial media such as Bloomberg, '' Businessweek'', ''

Financial Times The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and published digitally that focuses on business and economic current affairs. Based in London, England, the paper is owned by a Japanese holding company, Nik ...

'',

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

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. de ...

''"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