Les Male, Chief Executive Officer
Les Male is the Chief Executive Officer of the Dubai Gold & Commodities Exchange (DGCX), the largest and most diversified derivatives Exchange in the Middle East. Les has nearly 30 years experience in the Global Commodities industry with particular expertise across Exchanges, risk management and trading systems. As an extensively networked business leader with a consistent track record of driving new business, he builds outstanding customer relationships, whilst protecting and growing shareholder return.
Les joins DGCX from NASDAQ where he was responsible for client facing activities on the Global Commodities product suite across UK based Prop shops, brokers, market makers, trading companies and Clearing Merchants (GCM’s) trading crude oil, fuel oil, gas and power derivatives and OTC swap contracts.
A double Engineering graduate from the University of Bath, he joined British Gas as a pipeline engineer before managing strategic projects for the Network Code, culminating in leading the development of Europe’s first gas spot market (the OCM). He later became Commercial Director at EnMO and then continued in that role for APX-Endex, the Anglo-Dutch European gas and power trading Exchange. In 2010 he became the European Managing Director for the Green Exchange, a US backed venture for global carbon trading. After acquisition by the CME Group, his role took on the European gas and Global LNG strategy for NYMEX, prior to joining NASDAQ in 2014.
Andrew Dodsworth, Director of Operations and Risk
Andrew is the Director of Operations and Risk, is responsible for the orderly operation of the market and its clearing and settlement functions. He is also responsible for risk management at DCCC, which is the CCP for DGCX.
Andrew has over 20 years’ experience within exchange derivatives, most recently with the London Metal Exchange, and prior to that at LIFFE. During this period he has seen the migration from open-outcry to electronic trading, and the subsequent development of sophisticated electronic trading including HFTs. Andrew has been responsible for day-to-day operations of derivative markets, across many different asset classes in both Europe and the US, and has wide regulatory experience.
Prior to joining LIFFE, Andrew spent over 10 years in international banking, principally involved in sovereign and corporate lending.
Basab Banerjee, Director of Technology
Basab Banerjee, Director of Information Technology has been associated with the Exchange since inception. He oversees the technology initiatives and IT operations at DGCX, comprises the functions of IT planning, enterprise architecture, solutions delivery, services management and IT governance. A part of Management team he is responsible for providing strategic direction on technology investment to meet DGCX & DCCC business objective and growth plan.
Basab has over 20 years of rich experience in the design & deployment of low latency and mission critical applications & Exchange technology. Prior to joining DGCX in 2005, he has been instrumental in setting up multi-asset Exchange infrastructure like Multi Commodity Exchange of India Ltd. (MCX), IBS-Forex and Inter-connected Stock Exchange of India Ltd.