Mubasher TV
Contact Us Advertising   العربية

DGCX CEO steps down

DGCX CEO steps down
The Dubai Gold and Commodities Exchange (DGCX) announced on Sunday that its chief executive officer, Gary Anderson, has stepped down due to ill health, reported Gulf News.

“It is with deep regret that the board of directors of DGCX announces that Gary Anderson has stepped down from his role due to ill health. Gaurang Desai, Chief Operating Officer, has been appointed as interim CEO and will be supported by the wider DGCX management team,” a brief statement by DGCX noted.

Desai has been the COO of the DGCX since the exchange’s inception in 2005. , will act as an interim CEO. According to Anderson's LinkedIn profile, he had been head of the exchange since April 2012.

It is worth noting that the DGCX has registered more than 5.75 million contracts with a value of over $172 billion during the first half of 2014.