MCX appointed Mrugank Paranjape as MD & CEO

On 29th February 2016 Country's largest commodity exchange, Multi Commodity Exchange of India Ltd (MCX), appointed Mrugank Paranjape as its Managing Director and Chief Executive Officer.
•    He will remain at this position for a period of three years.
•    Mrugank Paranjape has been with Deutsche Bank since last 14 years.
•    Currently 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.
•    In 2009, it was the world's sixth largest commodity exchange.
•    It is India's No. 1 commodity exchange with 84% market share in 2014-15.