After a total of almost 30 years of involvement in the international precious metals market working with major bullion banks, Jeffrey switched sides in February 2007 to set up a commodity trading company based in and licensed by the Dubai Multi Commodity Centre. The company, called INTL Commodities DMCC, is 100% owned by INTL/FCSTONE INC. (NASDAQ ticker INTL). After five years INTL has successfully established itself as a significant player in the regional gold markets of South East Asia, the Middle East and Indian Sub-Continent, and Jeffrey has also played a key role in the growth of INTL’s physical business around the world in his position as the global head of INTL’s precious metals activity with the company.
Widely recognized as a leading figure in the international bullion market, with a career spanning four continents and decades, Mr. Rhodes helped his previous employers to develop their precious metals portfolios in the Middle East region and Indian sub-Continent with considerable success, particularly in Dubai’s expanding physical gold market. He has been prominent in the development of the Dubai Multi Commodity Centre, working closely with the Government of Dubai, and has been a member of Dubai’s Gold Advisory Group since its inception in 2003. Jeffrey has a regular weekly slot on Dubai’s leading morning business radio show, Dubai 103.80, talking about precious metals; he is a frequent guest on regional financial TV and participates regularly as a speaker at major precious metals conferences around the world.
Jeffrey is a past chairman of the Public Affairs Committee of the London Bullion Market Association and was the founding editor of its popular trade magazine The Alchemist. He spent thirteen years with Standard Bank Plc, eleven of which were spent heading up their Dubai office, having joined in 1995 from Credit Suisse, where worked for eight years. Previously he worked for fifteen years at Samuel Montagu, a leading merchant City bank of the 1970’s and 80’s and a member of the gold fix, where he was appointed as an Assistant Director and ran the precious metals desks of both the New York and London operations.