Somasundaram PR, World Gold Council: The World Gold Council has announced that Somasundaram PR, who serves as Regional CEO for India, will step down from his current position next year once his successor has been appointed. The World Gold Council provided this information through an official press release.
Somasundaram PR has been a part of the World Gold Council since January 2013 and has played a pivotal role over the past decade in supporting significant structural reforms within the Indian gold market. These reforms include fostering the growth of the organized retail jewelry market, the introduction and growth of digital gold purchasing channels, making hallmarking mandatory, and the establishment of the India International Bullion Exchange in GIFT city, among others.
David Tait, Global CEO, expressed his appreciation, saying, “Throughout Somasundaram’s tenure, he has successfully spearheaded and supported reforms and initiatives that have led to the sustainable growth of the Indian gold market. He has been instrumental in establishing the Self-Regulation Organization (SRO) for the Indian gold industry, a milestone that is soon to be realized and promises to significantly enhance consumer trust in gold. I thank him for his valuable contributions and wish him the very best in his future endeavors.”
Join Our Facebook Group With Over 62000 Jewellers Member
Somasundaram PR, Regional CEO for India, stated, “After being closely associated with the World Gold Council and the Indian gold industry for over a decade, I believe now is the opportune moment for me to step down and focus on the next chapter of my life. These are exciting times for gold and the Indian gold industry, which has undergone positive structural reforms. I am immensely proud of the industry’s progress in recent years and of the World Gold Council’s contribution to it. The Indian gold industry is well-positioned for sustained growth, and I am confident it will continue to be innovative and dynamic. I will remain involved in the establishment of the SRO next year, a development I believe will be transformational for the Indian gold industry.”
Somasundaram PR will continue in his current role and responsibilities until his successor is appointed.
Somasundaram PR assumed his role as Managing Director, India, at the World Gold Council in January 2013, taking charge of overseeing the organization’s initiatives in the Indian gold market.
With a career spanning more than 27 years across diverse industries, including FMCG and banking, Som brings a wealth of experience to his position. Prior to joining the World Gold Council, he served as the Chief Executive Officer of Lakshmi Vilas Bank, a prominent private sector bank.
Before that, Som held various senior positions at Standard Chartered Bank in India for over eight years, eventually becoming the Managing Director of Standard Chartered – STCI Capital Markets, the securities arm of the bank. His professional journey also includes a significant tenure of over 13 years at Hindustan Unilever (HUL), where he assumed various roles, and employment at Tata Consultancy Services. Som is additionally a qualified Chartered Accountant.