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Management Team

Eric Hasham, Interim Chief Executive Officer

Eric Hasham joined the management team of DGCX as Head of Strategic Development in September 2008, and later on in November 2009 became acting Chief Executive Officer. A highly experienced commodities and derivatives specialist, Eric has substantial expertise in risk management, product and business development, clearing solutions and global trade practices with over 19 years in the field. Eric has advised, in a consultancy capacity, numerous blue chip companies and institutions within the commodities sector, and between 2001 and 2005, was Head of Product Development at Liffe, the derivatives arm of NYSEuronext.

Eric brings a wealth of invaluable commodities knowledge and financial services experience to DGCX. He is looking forward to building on the success of the exchange and driving the organisation forward in its exciting strategy and growth plans.

Gaurang Desai, Chief Operating Officer

Gaurang Desai, a derivatives market specialist with over 12 years experience in handling variety of roles. Gaurang has been heading Operations since launch of DGCX in November 2005. Prior to this engagement, Gaurang was involved in market development initiatives in areas such as Commodities, Equities, Securities depository and B2B online marketplaces with the National Stock Exchange of India, National Commodity & Derivatives Exchange and Reliance Group.

Gaurang brings unparalleled experience in the areas of market design, risk management and operational competence for a demutualised electronic exchange. In his role as Chief Operating Officer, he is committed to making DGCX the market of choice for its customers by continuously bringing global best practices to DGCX market operations.

Tony Day, Head of Compliance, Audit & Membership

Tony Day, Head of Compliance, Audit and Membership, joined DGCX in August 2005. Tony came to the Emirates early in 1999; where he joined the UAE Central Bank’s Banking Supervision and Examinations Department.

Prior to this, he enjoyed a career in London spanning 20 years; working as a trader in both the commodities and securities markets and as a broker/dealer of exchange traded commodities derivatives and financial futures.

In his current role as Head of Compliance for a Self Regulating Organisation, Tony’s diverse and relevant experience equips him to provide a modern, risk-based approach to the effective supervision of Exchange participants.

Basab Banerjee, Head of Systems & Networking

Basab Banerjee heads the IT Team at DGCX and has been associated with the Exchange since inception in 2005. He overlooks the technology initiatives and IT operations at DGCX.

Basab has more than 14 years of varied experience in the design & deployment of Application & Exchange Technology. Prior to joining DGCX, his expertise has been instrumental for setting up different world-class Exchanges like Multi Commodity Exchange (MCX), IBS-Forex and Inter-connected Stock Exchange of India Ltd.