SEBI approves appointment

P. S. Reddy has taken charge as the Managing Director and Chief Executive Officer (MD & CEO) of Multi Commodity Exchange of India Ltd. (MCX), and as a Director on the Board.

Reddy’s appointment has been approved by Securities and Exchange Board of India (SEBI), for a period of five years with effect from 10 May 2019.

Prior to joining MCX, he was associated with Central Depository Services (India) Ltd. (CDSL) and its subsidiaries for over 12 years in various capacities, with MD & CEO being his last position held.

Prior to this, Reddy worked with BSE Ltd for over 18 years.

He brings with him over 30 years of rich experience in diverse roles with a host of senior level positions to his credit in clearing, financial and securities market, Exchange and its ecosystem businesses.

Having commenced operations on November 10, 2003, Multi Commodity Exchange of India Limited (MCX) is India’s first listed, national-level, electronic exchange. fiinews.com