Arun Raste joins NCDEX as MD and CEO

Arun Raste on Monday took cost as Managing Director and CEO of the nation’s main agri-commodity bourse National Commodity and Derivatives Exchange Limited (NCDEX).
Before becoming a member of NCDEX, Raste was related to the National Dairy Development Board (NDDB) as an govt director, the change stated in an announcement.
Raste’s tenure begins at a time when NCDEX is wanting ahead to constructing on varied initiatives that it has began within the final couple of years, it added.

These embody the launch of commodity indices, choices in items and NCDEX’s footprint within the non-agri section.
With a particular give attention to farmers, the change has been operating focused drives just like the ‘Options Familiarization Program’ to attach farmer producer organisation.
“Under the new leadership, these initiatives will scale new heights and would widen the participation base to a wider set of audience,” the change stated.

Raste has over 30 years of expertise throughout various sectors – BFSI, company and social improvement. In his prior assignments, he has labored with lending majors within the personal sector like IDFC First Bank and Kotak Mahindra Bank, monetary inclusion behemoth NABARD, and ACC Cement.
He has additionally served as a director on the Board of Indian Immunological Limited, Hyderabad, and Mother Dairy Fruit and Vegetable Private Limited, Delhi and IRMA, Anand.