The Dubai Gold and Commodities Exchange’s (DGCX) Chief Executive Officer,Gary Anderson has reportedly relinquished his role and stepped down due to health concerns.
The DGCX, the region’s first derivatives exchange, has experienced steadfast growth in 2014, mainly due to swelling Currency volumes that have helped drive its business.
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The man replacing Mr. Anderson as the interim CEO Gaurang Desai – Mr. Desai has himself served as a CEO of the DGCX since its launch in 2005. He has nearly two decades of experience in a variety of senior level roles in derivatives management.