Management Team

Les Male, Chief Executive Officer

Les Male, Chief Executive Officer

Les Male is the Chief Executive Officer of the Dubai Gold & Commodities Exchange (DGCX), the largest and most diversified derivatives Exchange in the Middle East. Les has nearly 30 years experience in the Global Commodities industry with particular expertise across Exchanges, risk management and trading systems. As an extensively networked business leader with a consistent track record of driving new business, he builds outstanding customer relationships, whilst protecting and growing shareholder return.

Les joins DGCX from NASDAQ where he was responsible for client facing activities on the Global Commodities product suite across UK based Prop shops, brokers, market makers, trading companies and Clearing Merchants (GCM’s) trading crude oil, fuel oil, gas and power derivatives and OTC swap contracts.

A double Engineering graduate from the University of Bath, he joined British Gas as a pipeline engineer before managing strategic projects for the Network Code, culminating in leading the development of Europe’s first gas spot market (the OCM). He later became Commercial Director at EnMO and then continued in that role for APX-Endex, the Anglo-Dutch European gas and power trading Exchange. In 2010 he became the European Managing Director for the Green Exchange, a US backed venture for global carbon trading. After acquisition by the CME Group, his role took on the European gas and Global LNG strategy for NYMEX, prior to joining NASDAQ in 2014.


Andrew Dodsworth, Director of Operations and Risk

Andrew Dodsworth, Director of Operations and Risk

Andrew is the Director of Operations and Risk, is responsible for the orderly operation of the market and its clearing and settlement functions. He is also responsible for risk management at DCCC, which is the CCP for DGCX.

Andrew has over 20 years’ experience within exchange derivatives, most recently with the London Metal Exchange, and prior to that at LIFFE. During this period he has seen the migration from open-outcry to electronic trading, and the subsequent development of sophisticated electronic trading including HFTs. Andrew has been responsible for day-to-day operations of derivative markets, across many different asset classes in both Europe and the US, and has wide regulatory experience.

Prior to joining LIFFE, Andrew spent over 10 years in international banking, principally involved in sovereign and corporate lending.


Sasikumar, Director - Business Support Services

Sasikumar, Director - Business Support Services

Sasi has been associated with Dubai Gold & Commodities Exchange (DGCX) since inception.

Sasi holds Master of Engineering in Software Systems along with specialisation in MBA finance. He has unparalleled experience in the areas of Software Development, Application deployment, IT, operations & Membership support. Prior to joining DGCX, Sasi has worked extensively with the varied product distribution of Maximizer Asia Limited.  Currently Sasi is pursuing the research activities on Distributed data in a cloud computing environment.