Praveena Rai Takes Helm at MCX: A New Chapter Begins

Praveena Rai has recently been appointed as the CEO and Managing Director of MCX for a five-year term, taking over from P S Reddy. With comprehensive experience in banking, most notably with NPCI and HSBC, Rai aims to leverage her skills to lead India's largest commodity exchange.

In a significant leadership change, Praveena Rai has assumed office as Chief Executive Officer and Managing Director of the Multi Commodity Exchange (MCX) for a five-year term. Her appointment marks a new chapter for India's largest commodity derivatives exchange.

Rai took charge on October 31, succeeding P S Reddy, who concluded his tenure in May 2024. Her previous roles include CEO at National Payments Corporation of India (NPCI) and Regional Head of Payments for Asia Pacific at HSBC.

With over two decades of experience in banking, Rai brings expertise in payments, cards, retail, and transaction banking, positioning her to drive MCX's strategic growth initiatives.

(With inputs from agencies.)