New Appointments at MCX-SX

Top Quote Mr.Gopal Krishna Pillai IAS (Retd.), Former Home Secretary of India has been elected by the Board as the Chairman of the Exchange. Mr. Thomas Mathew T., former Chairman of Life Insurance Corporation of India (LIC) has been elected by the Board as Vice Chairman of the exchange. End Quote
  • (1888PressRelease) November 02, 2013 - Mumbai - We are pleased to announce the election of Mr.Gopal Krishna Pillai IAS (Retd.) as the Chairman and Mr. Thomas Mathew T., as Vice Chairman of the Board of MCX Stock Exchange Limited. The Board of Directors had elected Gopal Krishna Pillai and Mr. Thomas Mathew T. at their meeting held on October 24, 2013. SEBI has accorded its approval to Mr.Pillai's election as Chairman. Last month, SEBI granted renewal to the Exchange after an extensive inspection.

    Mr.Pillai was in the Indian Administrative Service (IAS) and retired as Home Secretary to the Government of India. He belongs to the Kerala cadre of the 1972 batch of IAS. He has worked in various positions in the State Government of Kerala and the Central Government. In the Central Government, he has worked in the Ministry of Defence, Ministry of Surface Transport and in Ministry of Home Affairs, besides a long stint in the Commerce Ministry, including as the Commerce Secretary to the Union Government.

    Mr. Mathew retired as Current-in-Charge Chairman of Life Insurance Corporation of India (LIC) and has 36 years of experience in Life Insurance industry in India. He is currently on Boards of Tata Power, Voltas Limited and Management Development Institute as Director.

    Commenting on the latest development, Mr. U. Venkataraman, Whole Time Director, MCX-SX stated that "We are happy to announce the addition of eminent personalities such as Mr.Gopal Krishna Pillai and Mr. Thomas Mathew T. on the Board."We look forward to their valuable guidance".

    Mr.Gopal Krishna Pillai, Chairman, MCX-SX stated "I am thankful to the Board and SEBI for selecting me for this assignment. Our aim will be to restore the confidence amongst all stakeholders and ensure that the institution continues to demonstrate its contribution to inclusive growth of Indian Financial Markets".

    Mr. Thomas Mathew T., Vice Chairman, MCX-SX stated "The institution is robust and follows the global best practices. Our focus will be to leverage strengths of the institution to deliver healthy volumes on the exchange and closely work with the Regulators and Policy makers for development of Indian markets."

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