The new MCX Board, comprising different bank representatives will take a decision on who will be the managing director and CEO of MCX today. While around seven candidates have been interviewed, sources say three have been shortlisted: Dilip Bhatia, CEO of Ace Commodities, Narendra Gupta, former chief strategist NCDEXM and Anil Mishra, managing director and CEO of National Multi Commodity Exchange.
Also Read: Bullion association to join UCX-led bid for MCX
Sources say Anil Mishra is likely to be the front-runner for the post. The interview was conducted after Shreekant Javalgekar resigned as MD and CEO in October after the Forward Markets Commission (FMC) ordered the exchange to appoint a new MD within a month.
While Satyanand Mishra was appointed as MCX chairman, the selection will be important since FTIL promoter has already been declared as not fit and proper. Apart from this, the board is also expected to consider FTIL and MCX stake dilution in MCX SX, as per Sebi order.
FTIL and MCX together hold around 10% stake in MCX SX which they have to dilute to 5% each by January 18, 2014.
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