Gaurang Desai, Chief Executive Officer

Gaurang Desai, Chief Executive Officer

Gaurang Desai, Chief Executive Officer of the Dubai Gold & Commodities Exchange (DGCX), has been a founding team member of DGCX since its inception in 2005. A derivatives market specialist with close to two decades of experience in handling variety of senior roles. Gaurang has been at the helm of operations since the inception of DGCX in November 2005. Prior to this engagement, Gaurang was involved in market structure development initiatives in areas such as Commodities, Equities, Securities depository and B2B online marketplaces with the National Stock Exchange of India, National Commodity & Derivatives Exchange and Reliance Group.

Gaurang brings unparalleled experience in the areas of market design, risk management, clearing & settlement and operational competence for a demutualized electronic exchange. In his role as Chief Executive Officer, his mission is to making DGCX the market of choice in MENA region by continuously bringing global best practices to DGCX.


Navin D'souza, Director of Operations

Navin D'souza, Director of Operations

Navin has been associated with Dubai Gold & Commodities Exchange (DGCX) as Director Operations since 2007.

Navin is a qualified Chartered Accountant & Chartered Financial Analyst holding a Master’s degree in Finance. He has unparalleled experience in the areas of Operations , Risk Management and Cash Management in Electronic Exchanges and Banking industry. Prior to joining DGCX, Navin has worked with National Stock Exchange of India and international banks like Deutsche Bank.


Basab Banerjee, Director of Technology

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.


Nirav Barfiwala, Director of Risk

Nirav Barfiwala, Director of Risk

Nirav Barfiwala, Director of Risk, has been associated with the Exchange & Clearing Corporation since inception in 2005. He overlooks the risk management at DCCC, the wholly owned subsidiary (CCP) of DGCX.

Nirav has more than 15 years of varied experience in the field of Risk management, Market Operations & Surveillance. Prior to joining DGCX, he has worked in various reputed international financial institutions such as National Stock Exchange of India ltd (NSE), NCDEX (National Commodity & Derivatives Exchange Limited) and Morgan Stanley, India.