The India-based MCX Stock Exchange (MCX-SX) has appointed Saurabh Sarkar as managing director and chief executive officer.
Sarkar has taken over as head of the exchange following approval from the Securities and Exchange Board of India (SEBI).
He was previously managing director and CEO at United Stock Exchange of India. Before then, he worked with a number of firms, including Credit Agricole, Standard Chartered Bank and ANZ Grindlays Bank.
The chairman of MCX-SX, Gopal Krishna Pillai, said that the exchange’s focus has been to ring-fence the exchange and protect investors and members. Having successfully achieved that, it felt the logical next step was to appoint a professional CEO to put the exchange on firmer ground.