MUMBAI, 7 June 2021: Arun Raste took charge as Managing Director and CEO of the country's leading agri-commodity bourse National Commodity and Derivatives Exchange Limited (NCDEX) today.
Prior to joining NCDEX, Raste was associated with the National Dairy Development Board (NDDB) as an Executive Director.
Raste has over 30 years of experience across diverse sectors – BFSI, corporate and social development. In his prior assignments he has worked with lending majors in the private sector like IDFC First Bank and Kotak Mahindra Bank, financial inclusion behemoth NABARD, and ACC Cement. He has also served as a Director on the Board of Indian Immunological Limited, Hyderabad, and Mother Dairy Fruit & Vegetable Private Limited, Delhi and IRMA, Anand.
He has been a part of various events with global economic institutions such as World Trade Organisation, UNCTAD, World Social Forum etc. and has over a dozen publications in national and international journals to his credit.
He is an M.A. in Economics with Post-Graduate Diplomas in Marketing, Communications & Journalism.
Raste’s tenure begins at a time when NCDEX is looking forward to build on various initiatives that it has started in the last couple of years. These include launch of commodity indices, options in goods and NCDEX’s footprint in the non agri segment, , the company said in a statement.
With special focus on farmers, the Exchange has been running targeted drives like the ‘Options Familiarization Program’ to connect Farmer Producer Organisations (FPOs) with the platform so that benefits of hedging price risk can be extended upto the primary producer’s level.
Under thenew leadership these initiatives will scale new heights and would widen the participation base to a wider set of audience.
