Multi Commodity Exchange announced the appointment of Mrugank Paranjape as MD & CEO of the exchange. He will succeed Manoj Vaish. The exchange has also re designated Parveen Kumar Singhal, the present Joint Managing Director as President & Whole Time Director with effect from April 1. The appointment will be for a period of three years and subject to prior approval from SEBI.
Mr. Mrugank Paranjape was Asia Pacific Head of Trust & Securities Services/Cash Management for Financial Institutions and Regional Head of Securities for The Global Network Banking Division, Deutsche Bank (Malaysia) Berhad since last 14 years. Currently, he is India Head, Deutsche Bank.
Last May, SEBI rejected the exchange’s proposal to appoint Balasubramaniam Venkataramani, Chief Business Officer of BSE as MD & CEO as MCX had not followed proper procedure. The exchange remained without a full-time MD & CEO since May 2014 when Vaish resigned after just three months stint.
Extra Info :
Current MCX CEO: Parveen Kumar Singhal
Headquarter : Mumbai
Founded In : November 10, 2003
So lets discuss some questions related to this post which can be asked in the exams :
1. Name the person appointed as MD of MCX ?
2. Expand the term MCX .
3. Mr. Mrugank Paranjape is going to replace whom ?
Courtesy : The Hindu