New Delhi: After two years of wait, Multi Commodity Exchange (MCX) finally saw new Managing Director and CEO, Mrugank Paranjape, join the office on Monday.


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"Mrugank Paranjape has joined as MD and CEO of the company on May 09, 2016," the exchange said in a BSE filing.


His term is for 3 years. He worked with Deutsche Bank for 14 years. Later, he headed DB Center of the bank.


MCX has been headless for the past two years. P K Singhal was handling the affairs of the exchange as joint MD.


Now with the appointment of the MD, Singhal has been re-designated as the President and Whole Time Director with effect from April 1.


A year ago, the company had appointed an MD but his name was rejected by the then regulator FMC on the grounds that proper procedures were not followed.