DGCX appoints Gaurang Desai as Chief Executive Officer

Press release

Published August 20th, 2015 - 09:49 GMT

Dubai Gold & Commodities Exchange

Dubai Gold and Commodities Exchange (DGCX) is pleased to announce the appointment of Gaurang Desai as the Chief Executive Officer. As one of the founding members of the team that set-up DGCX in 2005, Gaurang is ideally positioned to take the Exchange to its next stage of development.

Gautam Sashittal, DMCC CEO and DGCX director, said: “We are delighted to appoint a key member of the DGCX team to this vital position, providing the company with the confidence that comes with continuity and ensuring DGCX continues the excellent delivery of pioneering products, platforms and services it has become known for.”

Gaurang was previously the Chief Operating Officer of DGCX, before being appointed as Acting Chief Executive Officer in August 2014.

Background Information

Dubai Gold & Commodities Exchange

Dubai has historically been an international hub for the physical trade of not only gold, but also many other commodities and so the establishment of the Dubai Gold & Commodities Exchange (DGCX) was the next logical step for the region and the local economy. DGCX commenced trading in November 2005 as the regions first commodity derivatives exchange and has become today, the leading derivatives exchange in the Middle East.