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Tuesday, 24th January 2006 (4467 views)

Colin Griffith has been appointed the new chairman of the Dubai Gold and Commodities Exchange (DGCX).

His appointment follows the departure of the outgoing chair Dr David Rutledge, who will continue to offer advice on the new electronic derivatives exchange.

Mr Griffith is also executive director of gold and precious metals at Dubai Metals and Commodities Centre (DMCC), where he will remain as an executive director.

Mr Griffith spoke of his "delight" at the appointment, while also taking the opportunity to thank his predecessor.

"Dr Rutledge has laid a strong foundation and I'm pleased that we can all continue to rely on David's counsel and expertise," he said.

"DGCX has successfully made its mark in the regional gold trading community and our challenge in 2006 and beyond is to continue to deliver on this potential and build on the platform."

Mr Griffiths has over three decades of experience in the international gold and commodities markets and has held senior management positions at institutions such as Credit Suisse, Standard Bank and Mocatta, the world's oldest bullion house.

Dr Rutledge praised the new chairman as an "exceptionally dedicated individual", who had been instrumental in the launch and development of the DGCX.

Future plans for the DGCX include proposals to add more commodities to the exchange, with the portfolio set to expand to include silver and oil.

 

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