 "MCX gets new managing director")
"Mrugank Paranjape has joined as MD and CEO of the company on May 09, 2016," the exchange said in a BSE filing.
His term is for three years. He worked with Deutsche Bank for 14 years. Later, he headed DB Center of the bank.
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MCX has been headless for the past two years. P K Singhal was handling the affairs of the exchange as joint MD.
Now with the appointment of the MD, Singhal has been re-designated as the President and Whole Time Director with effect from April 1.
A year ago, the company had appointed an MD but his name was rejected by the then regulator FMC on the grounds that proper procedures were not followed.