DGCX CEO steps down

D ubai Gold and Commodities Exchange (DGCX) said on Sunday its chief executive officer, Gary Anderson, had stepped down due to ill health.

DGCX said in a statement that Gaurang Desai, its chief operating officer since inception in 2005, will act as an interim CEO. According to Anderson’s LinkedIn profile, he had been head of the exchange since April 2012.

Prior to joining DGCX, Anderson was a founding partner at Triniti Financial Group.

From 1997 to 2004, he served as the chief operating officer of Deutsche Bank’s Global Exchange Services (GES) business. From 1986 to 1997, he was an executive director for Goldman Sachs International, where he managed trading activities on the London International Financial Futures and Options Exchange (LIFFE) floor. Anderson has also been a member of the boards of LIFFE, the Futures and Options Association and the London Clearing House.

He began his career in 1981 as a floor trader on various exchanges with Drexel Burnham Lambert.