Arun Raste will be the new Managing Director and CEO of The National Commodity and Derivatives Exchange (NCDEX) for a period of five years.
The Securities and Exchange Board of India (SEBI) has already given a nod to this appointment, said agri commodity exchange in a statement.
Raste will join NCDEX in due course of time, the NCDEX added.
He is at present serving as an Executive Director of the National Dairy Development Board (NDDB). Earlier, he has worked with organisations like IDFC First Bank, Kotak Mahindra Bank, NABARD, ACC Cement, and a non-profit NGO IRFT.
He had also served as a Director on the Board of Indian Immunological and Mother Dairy Fruit and Vegetable.
