Malcolm Wall Morris is stepping down as chief executive of
the Dubai Gold and Commodities Exchange to become CEO of its
largest shareholder, the Dubai Multi Commodities Centre
Wall Morris, who joined DGCX in December 2007, replaces
David Rutledge, who is retiring after more than six years at
the DMCCA, including five as chief executive.
A DGCX spokesperson said no date had been confirmed for Wall
Morris’s departure, but that there would be a
"sufficient handover period between the two roles" and that the
exchange had begun searching for his replacement.
In the interim, the DGCX management committee will oversee
the running of the exchange.
Wall Morris joined DGCX to replace Colin Griffith. He moved
from Liffe, where he had been head of business development for
Rutledge joined the DMCCA in February 2003 as executive
director of commodities. Since December 2004, he has been CEO,
responsible for its activities in the commodities, precious
metals and diamonds sectors. He was the founding chairman of
DGCX when it went live in 2005.
Before leaving for the Middle East, Rutledge was managing
director of Zurich Capital Markets, chief executive of the
Sydney Futures Exchange – now part of the Australian
Securities Exchange – and chief economist at New
York’s Comex exchange.
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