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Following their recent acquisitions of Investphila in Switzerland and Phila China in Hong Kong, the company are to expand their New York operation, partially by relocating their Dallas business to the auction galleries in 57th Street in New York, where further plans are afoot that have yet to be unveiled.

London is not being left out, with the appointment of two new divisional heads. Specialist Mike Veissid will become head of Spink's numismatic division in London, with overall responsibility for the coins, medals, banknotes, bonds & shares and books departments, while Guy Croton will take up the post of head of the philatelic department with immediate effect.

Mr Veissid, whose speciality is the bond and share certificate market, started his numismatic career at Sotheby's in the early 1970s as a cataloguer and specialist in coins and banknotes. He later founded Collectors Gallery which was acquired by Spink in 2007.

Mr Croton began his career at Harmers of London in 1995, focusing on stamp boxes and British stamps, going on to join Spink in 2003. The company say he will continue to build the private treaty business, "which has been expanding at a very fast pace". 

Meanwhile Tim Hirsch will continue in his role of managing director of global auctions and will now concentrate his efforts on worldwide business getting across the group and client liaison.

Chief executive Olivier Stocker said it was imperative to ensure the same level of service for clients wherever they were in the world: "Spink trades on its expertise and its unequivocal knowledge of specialised collecting areas, as well as the market, which is central to the company's success. It is therefore crucial to bolster and build on the very best and then emulate this in other Spink locations around the globe," he said.