The Hindu Business Line : Joseph Massey is MCX MD, Jignesh Shah Vice-Chairman

Mumbai, April 4 In a significant reshuffle ahead of its proposed Initial Public Offer (IPO), the board of MCX has elevated Mr Joseph Massey as the Managing Director and Chief Executive Officer. He was the Deputy Managing Director.

Mr Jignesh Shah will assume charge as Vice-Chairman of MCX and National Spot Exchange Ltd (NSEL). Mr Anjani Sinha, who is the director of MCX, will become Managing Director and CEO of NSEL.

The promotions are in line with the long term succession plan, the company said. Besides Mr Shah, Mr Massey and Mr Sinha were part of the three-member team which co-founded the organisation, MCX said.

Mr. Dipak D. Shah has taken over as Chief Market Operations Officer. Before joining MCX, Mr Dipak was working as MD and CEO of OTC Exchange of India for a year.

Mr. K.R.C.V Seshachalam has been promoted as Chief Regulatory Compliance Officer.

Mr. Nayan Mehta will become Chief Finance Officer, while Mr. Parag Jain has been promoted as Chief of Membership & Inspection.

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Joseph Massey is MCX MD, Jignesh Shah Vice-Chairman