Mrugank Paranjape appointed as MD and CEO of Multi Commodity Exchange of India Ltd

Posted on:03 Mar 2016 15:32:11
Mrugank Paranjape appointed as MD and CEO of Multi Commodity Exchange of India Ltd
03 March 2016 Current Affairs: Multi Commodity Exchange of India Ltd (MCX), the country's largest commodity exchange, on 29 February 2016 appointed Mrugank Paranjape as its Managing Director (MD) and Chief Executive Office (CEO).The appointment of Paranjape is valid for a period of three years, subject to prior approval from SEBI. Since May 2014, the exchange was functioning without an MD. P K Singhal was handling the affairs of the exchange as joint.At present, he is the India Head of Deutsche Bank. He has also served as the 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.MCX is an independent commodity exchange based in India.It was established in 2003 and is based in Mumbai.

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