MCX Stock Exchange (MCX-SX), the country’s newest full-fledged bourse, today announced the appointment of Saurabh Sarkar as its new CEO and MD, following approval from Sebi.
Sarkar, previously MD and CEO of United Stock Exchange of India Ltd, has also worked with global financial services giants like Credit Agricole, Standard Chartered and Calyon, and ANZ Grindlays Bank in the past.
In a statement, MCX-SX said that Sarkar has “taken over the reins of the exchange” and he “comes with an experience of over 18 years”.
Welcoming Sarkar’s appointment, MCX-SX chairman GK Pillai said, “Since the last few months, our focus has been to ring-fence the Exchange and protect interest of investors and members. Having successfully achieved this task appointment of a professional CEO was the next logical step to put the exchange on firm ground.”
Sarkar said that his focus would be on ensuring overall growth of the exchange by reinstating confidence and trust among members and attracting participation from institutional investors.