<p>MCX Stock Exchange, set up by crisis-hit NSEL's promoters, on Friday appointed Saurabh Sarkar as CEO and announced plans for fresh capital infusion by its existing shareholders among measures to boost business.<br /><br /></p>.<p>After a board meeting here today, MCX-SX said that market regulator Sebi has approved the appointment of a new Managing Director and CEO, who was likely to join shortly.<br /><br />While the company did not disclose the name, sources said that Saurabh Sarkar, head of United Stock Exchange, has been selected to head MCX-SX, which commenced operations as a full fledged exchange in February 2013.<br /><br />Earlier in October, Joseph Massey had resigned as CEO of MCX-SX amid a major payment crisis at the National Spot Exchange (NSEL), both of which have been promoted by Jignesh Shah-led Financial Technologies group.<br /><br />While renewing MCX-SX's licence in September, the Sebi had ordered setting up of an expert panel for taking all key business decisions at the exchange in the wake of NSEL crisis.<br /><br />Subsequently, Massey resigned from MCX-SX amid wide-ranging changes in top leadership teams and boards of various ventures of Financial Technologies group.</p>
<p>MCX Stock Exchange, set up by crisis-hit NSEL's promoters, on Friday appointed Saurabh Sarkar as CEO and announced plans for fresh capital infusion by its existing shareholders among measures to boost business.<br /><br /></p>.<p>After a board meeting here today, MCX-SX said that market regulator Sebi has approved the appointment of a new Managing Director and CEO, who was likely to join shortly.<br /><br />While the company did not disclose the name, sources said that Saurabh Sarkar, head of United Stock Exchange, has been selected to head MCX-SX, which commenced operations as a full fledged exchange in February 2013.<br /><br />Earlier in October, Joseph Massey had resigned as CEO of MCX-SX amid a major payment crisis at the National Spot Exchange (NSEL), both of which have been promoted by Jignesh Shah-led Financial Technologies group.<br /><br />While renewing MCX-SX's licence in September, the Sebi had ordered setting up of an expert panel for taking all key business decisions at the exchange in the wake of NSEL crisis.<br /><br />Subsequently, Massey resigned from MCX-SX amid wide-ranging changes in top leadership teams and boards of various ventures of Financial Technologies group.</p>