Mumbai: MCX-SX, the country’s newest stock exchange, today announced the appointment of Mr. U. Venkataraman as its Chief Executive Officer (CEO). Mr. Venkataraman will oversee the functioning of the exchange apart from strategizing the development of the exchange in line with its philosophy of “Systematic Development of Financial Markets in India through Information, Innovation, Education and Research.” Mr. Venkataraman was vice-president and the head of treasury at IDBI Bank before joining MCX-SX as CEO.
Speaking about the appointment, Mr. P.G. Kakodkar, Chairman, MCX-SX said, “We are glad to have Mr. Venkataraman on the MCX – SX board. His rich experience in the financial markets and the forex segment in particular, will enable MCX-SX to register strong and impressive growth. We believe that he will provide the exchange better insights and guidance to achieve its set goals.”
In his association with IDBI Bank spanning over 12 years, Mr. Venkataraman successfully headed one of the largest Treasuries in the Indian Banking canvas. He was involved in strategising, guiding and overseeing the team of dealers involved in fixed income, forex and derivatives trading apart from sourcing and increasing customer FX flows. He also played a significant role in structuring and managing the derivatives book apart from providing currency and interest rate risk management solution to corporate.
Prior to joining IDBI Bank, Mr. Venkataraman was associated with Syndicate Bank as its chief dealer in the international division.
A graduate in Business Administration, Mr. Venkataraman has held key positions in significant financial forums in the past. He was the chairman of the Organizing Committee, Asia Pacific Forex Congress (2000) and the Forex Association of India (2001-2002), affiliated to ACI Paris. He is also a certified associate of the Indian Institute of Banking and Finance.
The other key members of the MCX-SX board include:
MCX-SX’s Board of Directors comprises of:
Mr. P.G. Kakodkar, Chairman (former Chairman, SBI), Mr. Jignesh Shah, Vice-Chairman, Mr. Vepa Kamesan, Director (Former Deputy Governor, RBI), Mr. S.S. Thakur, Director (Former Controller of Foreign Exchange, RBI), Mr. B.D. Sumitra, Director (Former Managing Director, CCIL), Mr. C.M. Maniar, Director (Senior Partner, Crawford Bayley & Co), Mr. V. Hariharan, Director, and Mr. Joseph Massey, Director.
MCX-SX’s Advisory Board comprises of:
Mr. G N Bajpai, Former Chairman of SEBI and LIC; Mr. Venkat Chary, Chairman, MCX and former chairman, Forward Markets Commission (FMC); Mr. A.V. Rajawade, renowned forex expert; Mr. Jamal Meclai, CEO of Meclai Financial and an authority on foreign exchange markets; Mr. Naresh Deshpande, former Principal Legal Advisor, RBI, and Mr. Ganesh Rao, CEO of IBS Forex Ltd.
