Mumbai: Praveena Rai, former Chief Operating Officer at the National Payments Corporation of India (NPCI), has stepped into her new role as Managing Director and Chief Executive Officer at the Multi Commodity Exchange (MCX). The exchange announced her appointment on Thursday, following SEBI’s approval in August.
With over 30 years in financial services, Rai has held leadership positions at Kotak Mahindra Bank, Citi, and HSBC. At NPCI, she managed key areas like business strategy, marketing, and technology. Now at MCX, Rai is expected to steer the exchange through a fast-evolving market landscape.
Rai’s appointment marks a leadership shift for MCX, especially as commodity markets face new challenges and opportunities. Her background in digital payments and regulatory work could help guide the exchange’s growth and innovation in the coming years.
