Alex Stanczyk

Managing Director

As one of several principle architects of Physical Gold Fund SP, and Physical Gold Fund I SP, Mr. Stanczyk has worked on core aspects of the Fund design and structuring, as well as coordinating strategic relationships required to launch the Fund. In 2011, Mr. Stanczyk played a key role as a designer of and advisor to the world’s first non-bank private custody fully SICAV compliant precious metals fund, the Luxembourg Precious Metals Fund – LFP Prime SICAV SIF. From 2007 through 2015, Mr. Stanczyk served in a range of capacities for the Anglo Far-East Group of companies where he specialized in physical precious metals logistics consulting for the groups’ global operations and developed and implemented the flagship programs such as Chain of Integrity, private allocated custody, and institutional allocated custody. He has consulted and lectured globally to and for family office, institutional, and government on gold and gold’s role in the international monetary system.

Néstor Castillero N.

Director and COO

Mr. Castillero is responsible for execution of trades and meeting all governance, regulatory, and reporting requirements for Physical Gold Fund. Prior to Physical Gold Fund, Mr. Castillero acted as an Investment Advisor to the Luxembourg-regulated Precious Metals Fund – LFP Prime SICAV SIF. Experience in the financial, securities, law, and real estate sectors have provided Mr. Castillero with a broad range of knowledge which adds to the robustness and continual improvement of processes and risk mitigation. Mr. Castillero holds a degree in Law and Political Sciences from the Universidad Santa Maria la Antigua and a Graduate Diploma in Banking and Financial Services from Boston University.

Perla Núñez

Independent Director, Governance

Mrs. Núñez brings over 28 years of experience in the securities and financial services sector to the Fund’s Board. Mrs. Núñez has served as a compliance officer for the Julius Baer group with CHF 254 Billion AUM. She served as compliance executive for Athena Capital Inc., a private wealth advisory firm. Mrs. Núñez also served as International Businesses Manager for 11 years with Wall Street Securities with over $1Billion USD assets under management.

Our Team

Philip Judge


Philip Judge is Chief Executive Officer of Physical Gold Fund and Managing Director of Vigilant Capital, Sponsor and Investment Manager to the Fund.

Mr. Judge is a well-connected veteran of international precious metals acquisition, custody, management and logistics, having specialised in this sector for 30 years. He comes from a family with three generations of involvement in precious metals and commodities. Over his career, Mr. Judge has worked in multiple jurisdictions including Australia, New Zealand, Switzerland, Dubai, USA, Luxembourg, Cayman Islands, Uruguay and Panama. This international exposure has given him extensive knowledge and experience in international business law, regulation, multi-jurisdictional business architecture, corporate structuring and banking.

Damian Skitterall

Head of Institutional Relations

Mr. Skitterall brings 22 years of experience in capital raising, financial structuring, and project development to the Physical Gold Fund team. He is responsible for relationships with institutional investors in Physical Gold Fund.

Mr. Skitterall has worked on projects spanning across finance, technology, oil and gas, mineral exploration/extraction, and throughout jurisdictions across Europe, South America, and the Middle East. Mr. Skitterall was born and educated in the United Kingdom.

Jackie Croot

Head of Investor Relations

Ms. Croot brings over 20 years of experience in Market Research and analysis, as well as Investor Relations to the Physical Gold Fund team. For many of our worldwide investors, Jacqueline is the first point of contact at Physical Gold Fund. She is responsible for seeing clients through from the initial information request through to an investment in the Fund.

Jackie served in the Women’s Royal Naval Service. Her final posting was at RNAS Prestwick (Royal Naval Air Station) where she oversaw the Communications Centre. Jacqueline is a graduate of both Glasgow Caledonian University and the University of London where she gained degrees in Marketing and Business Management respectively.

Nicolle Alzamora

Compliance Officer, Investor Relations

Ms. Alzamora is responsible for daily compliance operations, as well as aml/kyc on new investors. She also interfaces with regulators across several jurisdictions that the fund operates in.

Nicolle has a degree in Law and Political Sciences, and is a licensed Compliance Officer meeting the standards of Schedule 3 countries. In 2016, Nicolle published her first book, Caminando en Círculos, Spanish for ‘Walking in Circles’, a short stories book. She is currently in the process of publishing her second short stories book ‘Desandanzas’. At the moment, Nicolle is studying for a Masters Degree in Commercial Law at the Universidad Interamericana de Panama, a member of the Laureate International Universities Network.

John Paul Young

Head of Latin America Investor Relations

Mr. Young has 13 years of experience in the precious metal custody sector. He is responsible for relationships with institutional investors in LATAM for Physical Gold Fund. John Paul has a master degree in Finance at the Universidad Latina. Also, has a Specialization in Finance at INCAE Business School.

John Paul focus on developing relationships through Latin America advisors and private clients. In the past he served as Investment Manager for a private wealth advisory firm as well as Director of Compliance.

Advisory Board

Gerhard Schubert

Mr. Gerhard Schubert’s career in the Precious Metals markets spans forty years and began as a trader at Bremer Landesbank in Bremen. Later, he then went on to work as a precious metals trader for renowned global institutions such as DG-Bank, Shearson Lehman Brothers, DFS-Bullion, Bayerische Vereinsbank and Credit Lyonnais Rouse. Senior management posts followed in Mitsui & Co. and WestLB.

He has served on the Board of ABN AMRO Markets, UK, and was a Member of the Management Committee of the London Bullion Market Association and the London Platinum and Palladium Market. Schubert is a regular speaker on precious metals at Industry conferences in the UAE, India, Bloomberg Television, as well as on Dubai TV ONE. Mr. Schubert has served since 2011 on various committees of the DMCC in the DGAG (Dubai Gold Advisory Group), as well as in the Independent Governance Committee of the DMCC. The current clientele of Schubert Commodities Consultancy DMCC is made up of Precious Metals refineries, Trading companies, Financial Institutions and NGO’s.

Mr. Schubert was the Head of Gold and Commodities at Arab Banking Corporation (ABC Bank) in Bahrain, before returning in March 2015 to Dubai. Emirates NBD, in Dubai was his first posting in the Middle East, where he led the bank’s global mandate in this key sector until March 2014. Prior to this, Mr. Schubert was with Fortis Nederland, now ABN AMRO Nederland, as Global Head of Precious Metals. He joined Fortis Nederland following a brief stint at INTL Commodities, where he served as Head of Precious Metals London & New York. Previous to that role, he held the post of Deputy Head of Base and Precious Metals with Fortis Bank Belgium.

James Rickards

James Rickards is the Editor of Strategic Intelligence, a financial newsletter, and Director of The James Rickards Project, an inquiry into the complex dynamics of geopolitics + global capital. He is the author of The New Case for Gold (April 2016), and two New York Times best sellers, The Death of Money (2014), and Currency Wars (2011) from Penguin Random House. He is a portfolio manager, lawyer, and economist, and has held senior positions at Citibank, Long-Term Capital Management, and Caxton Associates. In 1998, he was the principal negotiator of the rescue of LTCM sponsored by the Federal Reserve. His clients include institutional investors and government directorates.

He is an Op-Ed contributor to the Financial Times, Evening Standard, New York Times, and Washington Post, and has been interviewed on BBC, CNN, NPR, CSPAN, CNBC, Bloomberg, Fox, and The Wall Street Journal. Mr. Rickards is a guest lecturer in globalization and finance at The Johns Hopkins University, The Kellogg School at Northwestern, and the School of Advanced International Studies. He has delivered papers on risk at Singularity University, the Applied Physics Laboratory, and the Los Alamos National Laboratory. He is an advisor on capital markets to the U.S. intelligence community, and the Office of the Secretary of Defense, and is on the Advisory Board of the Center on Sanctions & Illicit Finance in Washington DC. Mr. Rickards holds an LL.M. (Taxation) from the NYU School of Law; a J.D. from the University of Pennsylvania Law School; an M.A. in international economics from SAIS, and a B.A. (with honors) from Johns Hopkins. He lives in Connecticut.

Simon Heapes

Simon has spent over fifteen years as a market research analyst concentrating on economics, precious metals, energy, and resources markets. His research and analysis have focused primarily on the market fundamentals of supply and demand, and more recently specialized in commodity and resource fundamentals. Simon is a Principal Director on numerous private companies and has written and lectured on the precious metals and resources markets for many years. Simon has multi-decade experience in logistics and ensures consistent controls of gold purchase, fabrication, transport, bailment, and liquidation procedures.

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