DMCC makes new appointments

DUBAI - Dubai Metals and Commodities Centre (DMCC), has made strategic appointment announcements for two of the most senior positions in the organisation.

By A Staff Reporter

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Published: Wed 29 Dec 2004, 10:52 AM

Last updated: Thu 2 Apr 2015, 11:49 AM

Tawfique Abdullah, the former chief executive officer has been promoted to the position of vice chairman of the company and Dr David Rutledge, who was earlier the executive director, is the new acting chief executive officer, DMCC.

Abdullah has been instrumental in positioning DMCC as a leader in the gold and diamond industry internationally, through developments of successful initiatives such as the creation of Dubai Diamond Exchange and implementation of the Kimberley Process Certification Scheme in the UAE.

Having been closely involved in the project from its initiation he assumed overall responsibility for all aspects of DMCC following its formal launch. He will now have overall responsibility for DMCC, give strategic directions and maintain high level customer relationships.

Driving the activities in the Commodities sector for DMCC, Dr Rutledge was responsible for the creation and successful implementation of the Dubai Commodity Receipt and the Dubai Gold and Commodities Exchange.

He has a wealth of international experience in the commodities, financial and related derivatives markets both within Australia and the US. Dr Rutledge, who hails from Australia, has most notably held positions as managing director, Zurich Capital Markets; chief executive, Sydney Futures Exchange; chief executive of the Queensland Sugar Corporation; vice president and chief economist at the New York Comex Exchange; senior vice president — market development, New York Board of Trade.

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