Sector Expert: Ian Preston
Ian Preston is a resources analyst for Goldman Sachs' Global Investment Research in Australia and New Zealand. In 2000, he joined JBWere, a private wealth management firm that in 2003 partnered with the Goldman Sachs Group Inc., as a research analyst covering the gold sector. Mid-cap base metal companies came under his coverage umbrella later in 2000, and Preston assumed responsibility for emerging small- and mid-cap mining companies in 2004. He was named managing director in 2010.
Prior to 2000, Preston was a resource specialist, working on both buy and sell sides of the financial services industry in Johannesburg and Brisbane. Following graduate school, he spent four years analyzing and implementing new mining projects in diverse metals, and earlier in his career, he spent six years working for copper and gold mining companies in operational and management capacities.
Preston earned a degree in mining engineering from the University of the Witwatersrand in Johannesburg in 1974 and a Master of Business Administration from the University of Cape Town in 1980. He is a registered professional engineer in South Africa and an accredited member of the Securities and Derivatives Industry Association.
Gold equities are in competition with gold ETFs for shareholder dollars. In this exclusive Gold Report interview, Goldman Sachs Managing Director Ian Preston discusses the steps gold companies must take to pull investors back from the ETF space and shares Goldman Sachs' outlook for the gold price over the next year or so.