The Hindu Business Line : Financial Tech constitutes advisory board

MUMBAI: Financial Technologies India Ltd, the main promoter of country's leading commodity exchange MCX, has constituted an independent advisory board to be headed by Mr Narayanan Vaghul, Chairman of ICICI Bank.

While Mr Vagul will be the chairman of the board, other members include former Finance Secretary, Mr S Narayan, former SEBI Chairman, Mr G N Bajpai and former NASSCOM President, Mr Kiran Karnik.

"I believe this will take us one more step further toward building a globally recognised leader in technology and financial market space from India. As we continue to grow and scale, we will expand the board with similar international dignitaries from ot her countries," Mr Jignesh Shah, CEO and Managing Director, MCX said.

Last month, Financial Technologies said the firm is in talks with the Singapore government to set up a bourse in the South East Asian country. In the joint venture, Financial Technology is likely to have a 49 per cent stake, the firm had said.

It has operating a commodity exchange in Dubai through a joint venture initiative and is planning to set up a bourse in Mauritius. Shares of Financial Technologies closed at Rs 1,636, down 0.37 per cent, on the BSE today. - PTI

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