Praveena Rai has been named the new Managing Director and Chief Executive Officer of the Multi Commodity Exchange of India Ltd. (MCX). This appointment follows her impactful tenure as Chief Operating Officer at the National Payments Corporation of India (NPCI), where she played a significant role in advancing digital payment solutions. With a career spanning over 30 years in financial services, Rai has held influential leadership roles at Kotak Mahindra Bank, Citi, and HSBC, bringing a wealth of experience in business strategy and technology.
Rai’s comprehensive expertise in the financial sector positions her to address the opportunities and challenges facing MCX as it aims to innovate and strengthen its market presence. Her background in digital payments and regulatory management will be pivotal in driving the exchange’s strategic initiatives during this transformative period. Under her leadership, MCX is set to enhance its operations, embrace technological advancements, and continue its growth trajectory in the competitive commodity market
