World Gold Trust announced effective September 12, 2023, WGC USA Asset Management Company, LLC, the sponsor of World Gold Trust and its series, SPDR® Gold MiniShares® Trust (the Sponsor), appointed James Lam to the board of directors and the audit committee of the Sponsor. James Lam, age 62, has been President of James Lam & Associates, a risk management consulting firm serving global clients across all major industry sectors since April 2002. In a Euromoney survey, he was nominated by clients and peers as one of the world?s leading risk consultants.

Previously, Mr. Lam served as Founder and President of ERisk, Partner of Oliver Wyman, and Chief Risk Officer of Fidelity Investments. In recognition for his leadership in the risk management community, Mr. Lam received the inaugural Risk Manager of the Year Award from the Global Association of Risk Professionals in 1997. Mr. Lam is currently serving as a board director of the FAIR Institute.

His previous public and private board experience includes E*TRADE Financial, E*TRADE Bank, RiskLens, Recology, Covarity, and ERisk. Mr. Lam has served in board leadership roles including chairman of the board, vice chairman of the board, risk committee chairman, audit committee chairman, and compliance committee chairman. In recognition for his leadership in the corporate board community, Mr. Lam was named in the National Association of Corporate Directors (NACD) Directorship 100 in 2017 and 2018.

Mr. Lam is the author of Enterprise Risk Management (Wiley, 2003; second edition, 2014). The book has been translated into Chinese, Indonesian, Japanese, and Korean. His second book, Implementing Enterprise Risk Management, was published by Wiley in 2017.

Mr. Lam graduated summa cum laude with a B.B.A. from Baruch College and received an M.B.A. with honors from UCLA.