Dubai has historically been an international hub for the physical trade of not only gold, but also many other commodities and so the establishment of the Dubai Gold & Commodities Exchange (DGCX) was the next logical step for the region and the local economy. DGCX commenced trading in November 2005 as the regions first commodity derivatives exchange and has become today, the leading derivatives exchange in the Middle East.

DGCX is a subsidiary of Dubai Multi Commodities Centre (DMCC), a strategic initiative of the Government of Dubai, with a mandate to enhance commodity trade flows through the Emirate by providing the appropriate physical, market, financial infrastructure and services required. The Management team of DGCX comprises senior personnel from the commodities, securities and financial services industries bringing a wealth of experience and expertise to ensure the success of DGCX.

Our range of futures contracts offers participants of the physical commodities markets, such as producers, manufacturers and end users, with a sophisticated means of hedging their price risk exposure. Such price risk management has previously been unavailable to producers in the Middle East. In addition, DGCX offers trading opportunities to financial communities and investment houses in both the Middle East and around the globe who wish to access the growing asset class of commodity and currency derivatives.

Guaranteed Settlement Icon.png Guaranteed settlement and reduced counterparty risk provided by Dubai Commodities Clearing Corporation (DCCC), a subsidiary 100% owned by DGCX
Advantage Transacting Icon.png The advantage of transacting and clearing business within the UAE and thus the local taxation and regulatory regimes
Simple Fee Icon.png A simple fee structure – one fee for all participants. All participants also pay the same margin, whether commercial or non-commercial entities
Opening Regional International Icon.png An opening to both regional and international liquidity pools
Robust Risk Management Icon.png Robust risk management and surveillance systems
Trading Hours Icon.png Uninterrupted trading hours from 7:00am – 11:55pm (GMT +4)
Regulated Securities Icon.png Regulated by the Securities & Commodities Authority (SCA)

The UAE enjoys an ideal location between the time zones of Europe and the Far East and DGCX offers a range of products from the precious metal, base metal, energy and currency sectors.

DGCX Corporate Profile

Board of Directors

Ahmed Bin Sulayem, Chairman

Ahmed Bin Sulayem

Chairman

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Ahmed Bin Sulayem

Chairman

Ahmed Bin Sulayem has been on the board of directors of DGCX since inception, and took charge as the new DGCX chairman on November 2007. The appointment of Ahmed Bin Sulayem adds momentum to the strategic growth plans of DGCX, which has witnessed remarkable growth right from its inception, both in terms of volumes traded as well as total revenue.

As the Executive Chairman and Chief Executive Officer of DMCC, he has spearheaded the success of DMCC in Dubai’s commodity market. Prior to joining DMCC in 2002, Ahmed was a director in ASTECO, one of the largest property management companies in Dubai.

Feryal Ahmadi, Director

Feryal Ahmadi

Director

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Feryal Ahmadi

Director

In her position as Chief Operating Officer for the DMCC, Feryal Ahmadi oversees the company’s corporate governance and sustainability initiatives and drives its vision to remain the authority on international commodities trade and enterprise.

Feryal is also responsible for DMCC’s ‘Smart District’ strategy and leads all corporate divisions including Human Resources, Information Technology, Marketing and Communications, Procurement, Legal and Compliance.

Presiding over a successful transformation project in 2013 that significantly enhanced DMCC operations and its customer journey experience, Feryal leads the wider operational team tasked with growing the world’s leading free zone. Through long-term strategic planning and continuous strive for innovation and excellence, she has been one of the fundamental pillars behind DMCC achieving its international status and recognition today.

In addition, Feryal serves as an official spokesperson for DMCC in national and international media, continuously working to strengthen and increase the organization’s global positioning.

Feryal earned an Executive MBA from Harvard University and a Bachelor of Science degree in Computer Science from the American University in Sharjah.

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Ahmed Bin Sulayem, Chairman

Ahmed Bin Sulayem has been on the board of directors of DGCX since inception, and took charge as the new DGCX chairman on November 2007. The appointment of Ahmed Bin Sulayem adds momentum to the strategic growth plans of DGCX, which has witnessed remarkable growth right from its inception, both in terms of volumes traded as well as total revenue.

As the Executive Chairman and Chief Executive Officer of DMCC, he has spearheaded the success of DMCC in Dubai’s commodity market. Prior to joining DMCC in 2002, Ahmed was a director in ASTECO, one of the largest property management companies in Dubai.

Feryal Ahmadi, Director

In her position as Chief Operating Officer for the DMCC, Feryal Ahmadi oversees the company’s corporate governance and sustainability initiatives and drives its vision to remain the authority on international commodities trade and enterprise.

Feryal is also responsible for DMCC’s ‘Smart District’ strategy and leads all corporate divisions including Human Resources, Information Technology, Marketing and Communications, Procurement, Legal and Compliance.

Presiding over a successful transformation project in 2013 that significantly enhanced DMCC operations and its customer journey experience, Feryal leads the wider operational team tasked with growing the world’s leading free zone. Through long-term strategic planning and continuous strive for innovation and excellence, she has been one of the fundamental pillars behind DMCC achieving its international status and recognition today.

In addition, Feryal serves as an official spokesperson for DMCC in national and international media, continuously working to strengthen and increase the organization’s global positioning.

Feryal earned an Executive MBA from Harvard University and a Bachelor of Science degree in Computer Science from the American University in Sharjah.

Jignesh Sanghvi, Director

Jignesh Sanghvi

Director

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Jignesh Sanghvi

Director

Jignesh Sanghvi, DMCC’s Chief Financial Officer joined the organisation over 10 years ago as a business analyst.

Since then Jignesh has been instrumental in transforming the organisation – whether it meant successfully navigating through choppy waters during the global recession – or more recently digitalising the business to ensure DMCC’s employees and customers can operate as efficiently as possible.

With over 14 years of industry experience Jignesh is responsible for financial strategy and corporate governance, with a core objective to cement DMCC’s position as the global hub for commodities trade and enterprise. Strategic planning, strong financial leadership combined with maintaining the highest level of corporate governance are key drivers to succeed in this field.

Graduating with a bachelor’s degree in commerce from Gujarat University, Jignesh is a registered chartered accountant in India, United Kingdom and the United Arab Emirates. He also received his postgraduate diploma in business administration with a specialisation in finance from Symbiosis Pune in 2007.

The award-winning CFO also took on the role of Company Secretary on DMCC’s Advisory Committee in 2015.

Tariq Bin Hendi, Independent Director

Tariq Bin Hendi

Independent Director

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Tariq Bin Hendi

Independent Director

Tariq Bin Hendi is currently an Executive Vice President and the Head of Wealth Products & Advisory at Emirates NBD Group, having previously served as the CEO of Emirates NBD Asset Management. He has almost two decades of experience, primarily focused on asset management, private equity and investment banking. Prior to his current role, Tariq held various roles at Commercial Bank of Dubai, Mubadala, Citigroup, Dubai Holding, Delta Airlines and UPS. He is currently a board member of the publicly listed entities ENBD REIT (NASDAQ) and AXA Green Crescent (ADX), having previously served on the Board of Aramex. He holds a PhD in Economics from Imperial College London (UK) as well as MBA and bachelor degrees from Columbia University (USA), London Business School (UK), and Clayton State University (USA) and is a YPO member.

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Jignesh Sanghvi, Director

Jignesh Sanghvi, DMCC’s Chief Financial Officer joined the organisation over 10 years ago as a business analyst.

Since then Jignesh has been instrumental in transforming the organisation – whether it meant successfully navigating through choppy waters during the global recession – or more recently digitalising the business to ensure DMCC’s employees and customers can operate as efficiently as possible.

With over 14 years of industry experience Jignesh is responsible for financial strategy and corporate governance, with a core objective to cement DMCC’s position as the global hub for commodities trade and enterprise. Strategic planning, strong financial leadership combined with maintaining the highest level of corporate governance are key drivers to succeed in this field.

Graduating with a bachelor’s degree in commerce from Gujarat University, Jignesh is a registered chartered accountant in India, United Kingdom and the United Arab Emirates. He also received his postgraduate diploma in business administration with a specialisation in finance from Symbiosis Pune in 2007.

The award-winning CFO also took on the role of Company Secretary on DMCC’s Advisory Committee in 2015.

Tariq Bin Hendi, Independent Director

Tariq Bin Hendi is currently an Executive Vice President and the Head of Wealth Products & Advisory at Emirates NBD Group, having previously served as the CEO of Emirates NBD Asset Management. He has almost two decades of experience, primarily focused on asset management, private equity and investment banking. Prior to his current role, Tariq held various roles at Commercial Bank of Dubai, Mubadala, Citigroup, Dubai Holding, Delta Airlines and UPS. He is currently a board member of the publicly listed entities ENBD REIT (NASDAQ) and AXA Green Crescent (ADX), having previously served on the Board of Aramex. He holds a PhD in Economics from Imperial College London (UK) as well as MBA and bachelor degrees from Columbia University (USA), London Business School (UK), and Clayton State University (USA) and is a YPO member.

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Ahmed Bin Sulayem, Chairman

Ahmed Bin Sulayem has been on the board of directors of DGCX since inception, and took charge as the new DGCX chairman on November 2007. The appointment of Ahmed Bin Sulayem adds momentum to the strategic growth plans of DGCX, which has witnessed remarkable growth right from its inception, both in terms of volumes traded as well as total revenue.

As the Executive Chairman and Chief Executive Officer of DMCC, he has spearheaded the success of DMCC in Dubai’s commodity market. Prior to joining DMCC in 2002, Ahmed was a director in ASTECO, one of the largest property management companies in Dubai.

Feryal Ahmadi, Director

In her position as Chief Operating Officer for the DMCC, Feryal Ahmadi oversees the company’s corporate governance and sustainability initiatives and drives its vision to remain the authority on international commodities trade and enterprise.

Feryal is also responsible for DMCC’s ‘Smart District’ strategy and leads all corporate divisions including Human Resources, Information Technology, Marketing and Communications, Procurement, Legal and Compliance.

Presiding over a successful transformation project in 2013 that significantly enhanced DMCC operations and its customer journey experience, Feryal leads the wider operational team tasked with growing the world’s leading free zone. Through long-term strategic planning and continuous strive for innovation and excellence, she has been one of the fundamental pillars behind DMCC achieving its international status and recognition today.

In addition, Feryal serves as an official spokesperson for DMCC in national and international media, continuously working to strengthen and increase the organization’s global positioning.

Feryal earned an Executive MBA from Harvard University and a Bachelor of Science degree in Computer Science from the American University in Sharjah.

Jignesh Sanghvi, Director

Jignesh Sanghvi, DMCC’s Chief Financial Officer joined the organisation over 10 years ago as a business analyst.

Since then Jignesh has been instrumental in transforming the organisation – whether it meant successfully navigating through choppy waters during the global recession – or more recently digitalising the business to ensure DMCC’s employees and customers can operate as efficiently as possible.

With over 14 years of industry experience Jignesh is responsible for financial strategy and corporate governance, with a core objective to cement DMCC’s position as the global hub for commodities trade and enterprise. Strategic planning, strong financial leadership combined with maintaining the highest level of corporate governance are key drivers to succeed in this field.

Graduating with a bachelor’s degree in commerce from Gujarat University, Jignesh is a registered chartered accountant in India, United Kingdom and the United Arab Emirates. He also received his postgraduate diploma in business administration with a specialisation in finance from Symbiosis Pune in 2007.

The award-winning CFO also took on the role of Company Secretary on DMCC’s Advisory Committee in 2015.

Tariq Bin Hendi, Independent Director

Tariq Bin Hendi is currently an Executive Vice President and the Head of Wealth Products & Advisory at Emirates NBD Group, having previously served as the CEO of Emirates NBD Asset Management. He has almost two decades of experience, primarily focused on asset management, private equity and investment banking. Prior to his current role, Tariq held various roles at Commercial Bank of Dubai, Mubadala, Citigroup, Dubai Holding, Delta Airlines and UPS. He is currently a board member of the publicly listed entities ENBD REIT (NASDAQ) and AXA Green Crescent (ADX), having previously served on the Board of Aramex. He holds a PhD in Economics from Imperial College London (UK) as well as MBA and bachelor degrees from Columbia University (USA), London Business School (UK), and Clayton State University (USA) and is a YPO member.

Muhannad Al-Ashram, Independent Director

Muhannad Al-Ashram

Independent Director

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Muhannad Al-Ashram

Independent Director

Muhannad Al-Ashram holds a position of Executive Director with Al Ashram Investments, that he established as a family office in 2006.

Over the tenure of his career, he has served on Boards within the private sector, public companies and a government authority. His experience holds cross sectorial exposure in real estate, construction, services, manufacturing and logistics. He has served as an independent Board Director with JAFZA, Dubai Refreshments, United Foods and Barloworld Logistics ME.

In all his current roles, he focuses on strategy building and rollout with an emphasis on business development that contributes to the organizations value.

He carries a BBA from the American University of Dubai.

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Muhannad Al-Ashram, Independent Director

Muhannad Al-Ashram holds a position of Executive Director with Al Ashram Investments, that he established as a family office in 2006.

Over the tenure of his career, he has served on Boards within the private sector, public companies and a government authority. His experience holds cross sectorial exposure in real estate, construction, services, manufacturing and logistics. He has served as an independent Board Director with JAFZA, Dubai Refreshments, United Foods and Barloworld Logistics ME.

In all his current roles, he focuses on strategy building and rollout with an emphasis on business development that contributes to the organizations value.

He carries a BBA from the American University of Dubai.

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Muhannad Al-Ashram, Independent Director

Muhannad Al-Ashram holds a position of Executive Director with Al Ashram Investments, that he established as a family office in 2006.

Over the tenure of his career, he has served on Boards within the private sector, public companies and a government authority. His experience holds cross sectorial exposure in real estate, construction, services, manufacturing and logistics. He has served as an independent Board Director with JAFZA, Dubai Refreshments, United Foods and Barloworld Logistics ME.

In all his current roles, he focuses on strategy building and rollout with an emphasis on business development that contributes to the organizations value.

He carries a BBA from the American University of Dubai.

Leadership Team

Les Male, Chief Executive Officer

Les Male

Chief Executive Officer

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Les Male

Chief Executive Officer

Les Male is the Chief Executive Officer of the Dubai Gold & Commodities Exchange (DGCX), the largest and most diversified derivatives Exchange in the Middle East. Les has nearly 30 years experience in the Global Commodities industry with particular expertise across Exchanges, risk management and trading systems. As an extensively networked business leader with a consistent track record of driving new business, he builds outstanding customer relationships, whilst protecting and growing shareholder return.

Les joins DGCX from NASDAQ where he was responsible for client facing activities on the Global Commodities product suite across UK based Prop shops, brokers, market makers, trading companies and Clearing Merchants (GCM’s) trading crude oil, fuel oil, gas and power derivatives and OTC swap contracts.

A double Engineering graduate from the University of Bath, he joined British Gas as a pipeline engineer before managing strategic projects for the Network Code, culminating in leading the development of Europe’s first gas spot market (the OCM). He later became Commercial Director at EnMO and then continued in that role for APX-Endex, the Anglo-Dutch European gas and power trading Exchange. In 2010 he became the European Managing Director for the Green Exchange, a US backed venture for global carbon trading. After acquisition by the CME Group, his role took on the European gas and Global LNG strategy for NYMEX, prior to joining NASDAQ in 2014.

Andrew Dodsworth, Director of Operations and Risk

Andrew Dodsworth

Director of Operations and Risk

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Andrew Dodsworth

Director of Operations and Risk

Andrew Dodsworth is the Director of Operations and Risk, is responsible for the orderly operation of the market and its clearing and settlement functions. He is also responsible for risk management at DCCC, which is the CCP for DGCX.

Andrew has over 20 years’ experience within exchange derivatives, most recently with the London Metal Exchange, and prior to that at LIFFE. During this period he has seen the migration from open-outcry to electronic trading, and the subsequent development of sophisticated electronic trading including HFTs. Andrew has been responsible for day-to-day operations of derivative markets, across many different asset classes in both Europe and the US, and has wide regulatory experience.

Prior to joining LIFFE, Andrew spent over 10 years in international banking, principally involved in sovereign and corporate lending.

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Les Male, Chief Executive Officer

Les Male is the Chief Executive Officer of the Dubai Gold & Commodities Exchange (DGCX), the largest and most diversified derivatives Exchange in the Middle East. Les has nearly 30 years experience in the Global Commodities industry with particular expertise across Exchanges, risk management and trading systems. As an extensively networked business leader with a consistent track record of driving new business, he builds outstanding customer relationships, whilst protecting and growing shareholder return.

Les joins DGCX from NASDAQ where he was responsible for client facing activities on the Global Commodities product suite across UK based Prop shops, brokers, market makers, trading companies and Clearing Merchants (GCM’s) trading crude oil, fuel oil, gas and power derivatives and OTC swap contracts.

A double Engineering graduate from the University of Bath, he joined British Gas as a pipeline engineer before managing strategic projects for the Network Code, culminating in leading the development of Europe’s first gas spot market (the OCM). He later became Commercial Director at EnMO and then continued in that role for APX-Endex, the Anglo-Dutch European gas and power trading Exchange. In 2010 he became the European Managing Director for the Green Exchange, a US backed venture for global carbon trading. After acquisition by the CME Group, his role took on the European gas and Global LNG strategy for NYMEX, prior to joining NASDAQ in 2014.

Andrew Dodsworth, Director of Operations and Risk

Andrew Dodsworth is the Director of Operations and Risk, is responsible for the orderly operation of the market and its clearing and settlement functions. He is also responsible for risk management at DCCC, which is the CCP for DGCX.

Andrew has over 20 years’ experience within exchange derivatives, most recently with the London Metal Exchange, and prior to that at LIFFE. During this period he has seen the migration from open-outcry to electronic trading, and the subsequent development of sophisticated electronic trading including HFTs. Andrew has been responsible for day-to-day operations of derivative markets, across many different asset classes in both Europe and the US, and has wide regulatory experience.

Prior to joining LIFFE, Andrew spent over 10 years in international banking, principally involved in sovereign and corporate lending.

Rana Sengupta

Rana Sengupta

Director of Finance

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Rana Sengupta

Director of Finance

Rana is Director of Finance, responsible for all aspects of finance for both DGCX and DCCC (“the DGCX Group”) and also acts as the Company Secretary for the DGCX Group.

Rana has over 30 years’ experience within financial management across a number of different industries including FMCG, Construction, Logistics and Hospitality. Prior to joining the DGCX he worked as the Group CFO for SMEG Distribution in the UAE, having previously worked at MCPC Group an FMCG pharmaceutical manufacturing company in the UAE under the same remit.

Rana has also spent considerable time working for global entities including the Eitzen Group and Kerzner International Group, as the Business Vertical/Project Head and Group CFO respectively, based in Dubai and the Maldives. Preceding this Rana was based in Thailand as a Financial Controller for Ansell International.

Rana has qualified as a Chartered Accountant (ICAI), Cost Accountant (ICWAI) and also holds a Bachelor of Commerce from the University of Calcutta, India.

Sasikumar

Sasikumar

Director - Business Support Services

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Sasikumar

Director - Business Support Services

Sasikumar has been associated with Dubai Gold & Commodities Exchange (DGCX) since inception.

Sasi holds Master of Engineering in Software Systems along with specialisation in MBA finance. He has unparalleled experience in the areas of Software Development, Application deployment, IT, operations & Membership support. Prior to joining DGCX, Sasi has worked extensively with the varied product distribution of Maximizer Asia Limited. Currently Sasi is pursuing the research activities on Distributed data in a cloud computing environment.

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Rana Sengupta, Director of Finance

Rana is Director of Finance, responsible for all aspects of finance for both DGCX and DCCC (“the DGCX Group”) and also acts as the Company Secretary for the DGCX Group.

Rana has over 30 years’ experience within financial management across a number of different industries including FMCG, Construction, Logistics and Hospitality. Prior to joining the DGCX he worked as the Group CFO for SMEG Distribution in the UAE, having previously worked at MCPC Group an FMCG pharmaceutical manufacturing company in the UAE under the same remit.

Rana has also spent considerable time working for global entities including the Eitzen Group and Kerzner International Group, as the Business Vertical/Project Head and Group CFO respectively, based in Dubai and the Maldives. Preceding this Rana was based in Thailand as a Financial Controller for Ansell International.

Rana has qualified as a Chartered Accountant (ICAI), Cost Accountant (ICWAI) and also holds a Bachelor of Commerce from the University of Calcutta, India.

Sasikumar, Director - Business Support Services

Sasikumar has been associated with Dubai Gold & Commodities Exchange (DGCX) since inception.

Sasi holds Master of Engineering in Software Systems along with specialisation in MBA finance. He has unparalleled experience in the areas of Software Development, Application deployment, IT, operations & Membership support. Prior to joining DGCX, Sasi has worked extensively with the varied product distribution of Maximizer Asia Limited. Currently Sasi is pursuing the research activities on Distributed data in a cloud computing environment.

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Les Male, Chief Executive Officer

Les Male is the Chief Executive Officer of the Dubai Gold & Commodities Exchange (DGCX), the largest and most diversified derivatives Exchange in the Middle East. Les has nearly 30 years experience in the Global Commodities industry with particular expertise across Exchanges, risk management and trading systems. As an extensively networked business leader with a consistent track record of driving new business, he builds outstanding customer relationships, whilst protecting and growing shareholder return.

Les joins DGCX from NASDAQ where he was responsible for client facing activities on the Global Commodities product suite across UK based Prop shops, brokers, market makers, trading companies and Clearing Merchants (GCM’s) trading crude oil, fuel oil, gas and power derivatives and OTC swap contracts.

A double Engineering graduate from the University of Bath, he joined British Gas as a pipeline engineer before managing strategic projects for the Network Code, culminating in leading the development of Europe’s first gas spot market (the OCM). He later became Commercial Director at EnMO and then continued in that role for APX-Endex, the Anglo-Dutch European gas and power trading Exchange. In 2010 he became the European Managing Director for the Green Exchange, a US backed venture for global carbon trading. After acquisition by the CME Group, his role took on the European gas and Global LNG strategy for NYMEX, prior to joining NASDAQ in 2014.

Andrew Dodsworth, Director of Operations and Risk

Andrew Dodsworth is the Director of Operations and Risk, is responsible for the orderly operation of the market and its clearing and settlement functions. He is also responsible for risk management at DCCC, which is the CCP for DGCX.

Andrew has over 20 years’ experience within exchange derivatives, most recently with the London Metal Exchange, and prior to that at LIFFE. During this period he has seen the migration from open-outcry to electronic trading, and the subsequent development of sophisticated electronic trading including HFTs. Andrew has been responsible for day-to-day operations of derivative markets, across many different asset classes in both Europe and the US, and has wide regulatory experience.

Prior to joining LIFFE, Andrew spent over 10 years in international banking, principally involved in sovereign and corporate lending.

Rana Sengupta, Director of Finance

Rana is Director of Finance, responsible for all aspects of finance for both DGCX and DCCC (“the DGCX Group”) and also acts as the Company Secretary for the DGCX Group.

Rana has over 30 years’ experience within financial management across a number of different industries including FMCG, Construction, Logistics and Hospitality. Prior to joining the DGCX he worked as the Group CFO for SMEG Distribution in the UAE, having previously worked at MCPC Group an FMCG pharmaceutical manufacturing company in the UAE under the same remit.

Rana has also spent considerable time working for global entities including the Eitzen Group and Kerzner International Group, as the Business Vertical/Project Head and Group CFO respectively, based in Dubai and the Maldives. Preceding this Rana was based in Thailand as a Financial Controller for Ansell International.

Rana has qualified as a Chartered Accountant (ICAI), Cost Accountant (ICWAI) and also holds a Bachelor of Commerce from the University of Calcutta, India.

Sasikumar, Director - Business Support Services

Sasikumar has been associated with Dubai Gold & Commodities Exchange (DGCX) since inception.

Sasi holds Master of Engineering in Software Systems along with specialisation in MBA finance. He has unparalleled experience in the areas of Software Development, Application deployment, IT, operations & Membership support. Prior to joining DGCX, Sasi has worked extensively with the varied product distribution of Maximizer Asia Limited. Currently Sasi is pursuing the research activities on Distributed data in a cloud computing environment.

Adel Abu Assaf

Adel Abu Assaf

Director of Information Technology

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Adel Abu Assaf

Director of Information Technology

Adel Abu Assaf is the Director of Information Technology for both DGCX and DCCC (“the DGCX Group”). He is responsible for the management, strategy and execution of IT infrastructure for the organization. He oversees IT operations, technical needs and the necessary Governance to facilitate the day to day business operations and to efficiently and effectively meet the goals and objectives of the business.

Adel has almost 20 years of experience in the IT domain in the Capital Markets sector. He served at the Amman Stock Exchange (ASE) for more than 18 years where he was in charge of the IT function as the Director of the IT department. During his work tenure, Adel managed to combine technical hands-on and managerial experience in operating, supervising and managing a mission critical IT operations environment in a very dynamic and demanding sector, where the availability and low latency of the systems were of utmost importance.

Adel holds an M.Sc. degree of Information Technology Management (ITM) from the University of Sunderland, UK having previously attained a B.Sc. in Electronics Engineering from the Princess Sumaiya University for Technology, Jordan.

Maggie Mansour

Maggie Mansour

Head of Compliance and Membership

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Maggie Mansour

Head of Compliance and Membership

Maggie Mansour is responsible for the Compliance and Membership function for both DGCX and DCCC (“the DGCX Group”). She is responsible for DGCX Group’s compliance with regulatory requirements as well as ensuring that DGCX Group Members comply with both DGCX By-Laws and DCCC Clearing Rules, as appropriate. She is also responsible for maintaining relationships with national and international regulators, covering both day-to-day issues as well as the strategic initiatives undertaken by DGCX Group.

Maggie has over 10 years’ experience in the risk and regulatory field in both the banking and financial services industry at: Bank of Jordan; Byblos Bank; and Menacorp Financial Services. She has filled key roles including Internal Auditor, Head of Compliance and Money Laundering Reporting Officer.

Maggie is a holder of a Master’s Degree in Financial Management from the Arab Academy for Banking & Financial Sciences, and a Master of Law (LL. M.) from University of Dubai with focus on Financial Crimes and Anti-Money Laundering. She is an Associate member of the Chartered Institute of Securities & Investment CISI, and a Certified Anti-Money Laundering Officer by the Global Academy of Finance and Management GAFM.

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Adel Abu Assaf, Director of Information Technology

Adel Abu Assaf is the Director of Information Technology for both DGCX and DCCC (“the DGCX Group”). He is responsible for the management, strategy and execution of IT infrastructure for the organization. He oversees IT operations, technical needs and the necessary Governance to facilitate the day to day business operations and to efficiently and effectively meet the goals and objectives of the business.

Adel has almost 20 years of experience in the IT domain in the Capital Markets sector. He served at the Amman Stock Exchange (ASE) for more than 18 years where he was in charge of the IT function as the Director of the IT department. During his work tenure, Adel managed to combine technical hands-on and managerial experience in operating, supervising and managing a mission critical IT operations environment in a very dynamic and demanding sector, where the availability and low latency of the systems were of utmost importance.

Adel holds an M.Sc. degree of Information Technology Management (ITM) from the University of Sunderland, UK having previously attained a B.Sc. in Electronics Engineering from the Princess Sumaiya University for Technology, Jordan.

Maggie Mansour, Head of Compliance and Membership

Maggie Mansour is responsible for the Compliance and Membership function for both DGCX and DCCC (“the DGCX Group”). She is responsible for DGCX Group’s compliance with regulatory requirements as well as ensuring that DGCX Group Members comply with both DGCX By-Laws and DCCC Clearing Rules, as appropriate. She is also responsible for maintaining relationships with national and international regulators, covering both day-to-day issues as well as the strategic initiatives undertaken by DGCX Group.

Maggie has over 10 years’ experience in the risk and regulatory field in both the banking and financial services industry at: Bank of Jordan; Byblos Bank; and Menacorp Financial Services. She has filled key roles including Internal Auditor, Head of Compliance and Money Laundering Reporting Officer.

Maggie is a holder of a Master’s Degree in Financial Management from the Arab Academy for Banking & Financial Sciences, and a Master of Law (LL. M.) from University of Dubai with focus on Financial Crimes and Anti-Money Laundering. She is an Associate member of the Chartered Institute of Securities & Investment CISI, and a Certified Anti-Money Laundering Officer by the Global Academy of Finance and Management GAFM.

Tobias Young

Tobias Young

Head of Product Development and Strategy

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Tobias Young

Head of Product Development and Strategy

Tobias Young is Head of Product Development and Strategy, responsible for the development of products listed on the DGCX. He is also responsible for marketing and integrated strategy at the Exchange.

Tobias has over 15 years’experience within derivatives markets, initially joining DGCX as the Head of Hydrocarbons before being promoted to his current position. Prior to that he worked as an Energy Broker in the UAE, having come from BNP Paribas in London. During his time in the energy markets he witnessed the movement from open-outcry to electronic trading, and the subsequent expansion of cutting-edge electronic trading including high frequency and algorithmic trading.

Tobias has also spent time working in the Equities and Base Metals asset classes with Bank of America and Natexis Banque Populaire, also gaining experience in FX trading and hedging.

Prior to this, Tobias worked for Société Générale working in a number of different areas before joining the Asian Market Making desk, specialising in breaking and creating ADRs and GDRs,hedging FX and being a key market participant on the London Stock Exchange’s SEAQ international platform.

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Tobias Young, Head of Product Development and Strategy

Tobias Young is Head of Product Development and Strategy, responsible for the development of products listed on the DGCX. He is also responsible for marketing and integrated strategy at the Exchange.

Tobias has over 15 years’experience within derivatives markets, initially joining DGCX as the Head of Hydrocarbons before being promoted to his current position. Prior to that he worked as an Energy Broker in the UAE, having come from BNP Paribas in London. During his time in the energy markets he witnessed the movement from open-outcry to electronic trading, and the subsequent expansion of cutting-edge electronic trading including high frequency and algorithmic trading.

Tobias has also spent time working in the Equities and Base Metals asset classes with Bank of America and Natexis Banque Populaire, also gaining experience in FX trading and hedging.

Prior to this, Tobias worked for Société Générale working in a number of different areas before joining the Asian Market Making desk, specialising in breaking and creating ADRs and GDRs,hedging FX and being a key market participant on the London Stock Exchange’s SEAQ international platform.

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Adel Abu Assaf, Director of Information Technology

Adel Abu Assaf is the Director of Information Technology for both DGCX and DCCC (“the DGCX Group”). He is responsible for the management, strategy and execution of IT infrastructure for the organization. He oversees IT operations, technical needs and the necessary Governance to facilitate the day to day business operations and to efficiently and effectively meet the goals and objectives of the business.

Adel has almost 20 years of experience in the IT domain in the Capital Markets sector. He served at the Amman Stock Exchange (ASE) for more than 18 years where he was in charge of the IT function as the Director of the IT department. During his work tenure, Adel managed to combine technical hands-on and managerial experience in operating, supervising and managing a mission critical IT operations environment in a very dynamic and demanding sector, where the availability and low latency of the systems were of utmost importance.

Adel holds an M.Sc. degree of Information Technology Management (ITM) from the University of Sunderland, UK having previously attained a B.Sc. in Electronics Engineering from the Princess Sumaiya University for Technology, Jordan.

Maggie Mansour, Head of Compliance and Membership

Maggie Mansour is responsible for the Compliance and Membership function for both DGCX and DCCC (“the DGCX Group”). She is responsible for DGCX Group’s compliance with regulatory requirements as well as ensuring that DGCX Group Members comply with both DGCX By-Laws and DCCC Clearing Rules, as appropriate. She is also responsible for maintaining relationships with national and international regulators, covering both day-to-day issues as well as the strategic initiatives undertaken by DGCX Group.

Maggie has over 10 years’ experience in the risk and regulatory field in both the banking and financial services industry at: Bank of Jordan; Byblos Bank; and Menacorp Financial Services. She has filled key roles including Internal Auditor, Head of Compliance and Money Laundering Reporting Officer.

Maggie is a holder of a Master’s Degree in Financial Management from the Arab Academy for Banking & Financial Sciences, and a Master of Law (LL. M.) from University of Dubai with focus on Financial Crimes and Anti-Money Laundering. She is an Associate member of the Chartered Institute of Securities & Investment CISI, and a Certified Anti-Money Laundering Officer by the Global Academy of Finance and Management GAFM.

Tobias Young, Head of Product Development and Strategy

Tobias Young is Head of Product Development and Strategy, responsible for the development of products listed on the DGCX. He is also responsible for marketing and integrated strategy at the Exchange.

Tobias has over 15 years’experience within derivatives markets, initially joining DGCX as the Head of Hydrocarbons before being promoted to his current position. Prior to that he worked as an Energy Broker in the UAE, having come from BNP Paribas in London. During his time in the energy markets he witnessed the movement from open-outcry to electronic trading, and the subsequent expansion of cutting-edge electronic trading including high frequency and algorithmic trading.

Tobias has also spent time working in the Equities and Base Metals asset classes with Bank of America and Natexis Banque Populaire, also gaining experience in FX trading and hedging.

Prior to this, Tobias worked for Société Générale working in a number of different areas before joining the Asian Market Making desk, specialising in breaking and creating ADRs and GDRs,hedging FX and being a key market participant on the London Stock Exchange’s SEAQ international platform.

Vision, Mission & Core Values

VISION

To be the Exchange and Clearing House of Choice in the GCC region.

MISSION

Through innovation, commitment to excellence and working with all our partners.

CORE VALUES

All DGCX employees must adhere to the core values to ensure the successful achievement of the Group’s Vision

  • Delivering
    Delivering diversified global products, using demain-driven innovative product development ideology, supportive structuring solutions for effective financial risk management, economic development and help improve market efficiency.
  • Global
    We combine global expertise of multicultural and multilingual professionals, offering exchange traded business solutions to global participants seeking multi asset global products and positioning DGCX as a truly global derivatives excahange.
  • Collaboration
    We strive to act in a manner that builds trust and long-lasting relationships with our market participants and other partners, under a collaborative, constructive and cohesive business framework.
  • Expertise
    We continuously strive to improve on our expertise by setting and achieving challenging goals. We all work with a holistic approach to find the best solutions for the business and our partners.