Philip Smith on expansion strategy
From Europe’s New Gold Rush Accelerates | In the Round with Philip Smith · · StoneX
“Asia is a gold market for sure, a silver market now as well and that's going to be the next target and maybe beyond that even India because India as we all know is fascinated by gold and has been a gold buyer ever since and that's why those markets are our next target.”
On , Philip Smith, Group Chief Executive at STONEX GROUP INC, spoke about expansion strategy during Europe’s New Gold Rush Accelerates | In the Round with Philip Smith on StoneX.
About Philip Smith
Philip Smith, Group Chief Executive at StoneX, appeared on the May 9, 2026 episode of "In the Round" from Frankfurt to discuss the company's European metals operations. Smith described the metals business as "the deepest tallest vertical that we have across the organization which is unique." He noted that the company had achieved a record quarter, following a previous consecutive record quarter, and said that Coin Invest had matched its best year's performance "in one year, one day." Smith also stated that StoneX plans to roll out StoneX Bullion for all employees, allowing them to buy products from the platform at cost.