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Indian origin business man promoted as CEO of DGCX

Indian origin business man promoted as CEO of DGCX pardesi news 1459247697

Dubai Gold and Commodities Exchange promoted Gaurang Desai to the post of Chief Executive Officer

Dubai Gold and Commodities Exchange (DGCX) appoints Gaurang Desai, an Indian origin businessman, as their new Chief Executive Officer in UAE.

Desai was one of the founding members of the team that was initiated in 2005. He is completely focused on taking the Exchange to its next stage of development, the company stated.

He shall be based out of Dubai where he will lead the development and execution of the group's long-term strategy.

"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", said Gautam Sashittal, CEO of Dubai Multi Commodities Centre (DMCC) and DGCX director.

DMCC is the major stake owner of DGCX, which is a strategic initiative of the Government of Dubai. It has an aim to enhance commodity trade flows throughout the Emirates by providing the appropriate physical, market, financial, infrastructure and services required.

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Patrick Callahan

Pardesi News Reporter

Pardesi News Reporter

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