Management Team

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.


Shu Meng Chan, Director of Business Development and Sales

Shu Meng Chan, Director of Business Development and Sales

Meng Chan Shu, a derivatives market specialist with over 19years experience in strategic planning and product development. Shu has been heading the Dubai Gold and Commodities Exchange product team since in 2007. Prior to this engagement, Shu was involved in market development initiatives in areas such as Equity Index, Fixed Income, Commodities, Equities and ETFs with Bursa Malaysia. His last position with Bursa Malaysia was Head of Product Development and Planning.

Shu, who was part of the risk committee of Dubai Commodities Clearing Corporation (DCCC), brings experience in the areas of product development, market design, and risk management for a demutualised electronic exchange. He has launched currencies futures and options as well as Petrochemical and energy futures during the last five years.

In terms of market development, he developed collaborations with the Chinese exchanges in his capacity in both DGCX and Bursa Malaysia. He also established business network specifically in the Asia Pacific region, China, India and Middle East. He was subsequently appointed Head of Asia while double heading the Product Management. He became the Director of Business Development and Sales in 2016.

Shu is a Certified Financial Planner (CFP) and graduated with a Master’s in Economics-Quantitative Analysis and Bachelor’s of Science in Economics from USA.


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.


Rajesh Balaram, Director of Finance

Rajesh Balaram, Director of Finance

Rajesh Balaram, Director of Finance and Company Secretary

Rajesh Balaram, has been associated with DGCX since 2008 and was additionally tasked with the role of a Company Secretary in 2010.

Rajesh is a MBA from Manchester Business School with over 18 years of experience in finance, including internal auditing and management consultancy across diverse industries such as – commodities exchange, oil and gas (both upstream and downstream), utilities, shipping, manufacturing and construction.

In his current role and as member of Executive Committee, Rajesh is primarily responsible for overall financial planning and corporate governance, with a core objective to support the board and the management to accomplish DGCX’s strategic and business goals whilst maintaining a robust corporate governance structure.

Prior to joining DGCX, Rajesh worked in a London and Irish listed upstream oil company headquartered in UAE, as Head of Internal Reporting and Assurance with additional responsibility to manage Treasury operations.