Praveena Rai Transition from NPCI to MCX: A Leadership Leap

Praveena Rai, previously the COO of the National Payments Corporation of India, has assumed the role of managing director and CEO at the Multi Commodity Exchange (MCX). Her appointment was endorsed by SEBI in August. With three decades of experience, Rai's career spans roles in Kotak Mahindra Bank, Citi, and HSBC.

Praveena Rai, who formerly held the position of Chief Operating Officer at the National Payments Corporation of India (NPCI), has moved on to become the managing director and chief executive officer of the Multi Commodity Exchange (MCX). The transition was confirmed by MCX on Thursday.

The Securities and Exchange Board of India (SEBI) gave the green light for Rai's new appointment in August, allowing her seamless entry into her new role. Her career trajectory includes extensive experience across the financial services realm.

Before her stint at NPCI, Rai garnered vital experience working with prestigious financial institutions such as Kotak Mahindra Bank, Citi, and HSBC. During her time at NPCI, she led efforts in business strategy, marketing, products, technology, and operational delivery.

(With inputs from agencies.)