MCX-SX appoints former Home Secretary GK Pillai as chairman

The troubled Financial Technologies-promoted MCX Stock Exchange (MCX-SX) has appointed former Union Home Secretary Gopal Krishna Pillai as its chairman.

Also, former acting chairman of LIC, Thomas Mathew T, has been appointed as the vice-chairman.

The company said the board of directors cleared their appointments on October 24 and have been cleared by the Securities and Exchange Board of India (Sebi) too. The market regulator had last month renewed the licence of the exchange after an extensive inspection.