Chief Executive Officer
Dubai Gold & Commodities Exchange
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 joined the DGCX from Nasdaq where he was responsible for client facing activities on the Global Commodities product suite across UK based Proprietary trade houses, brokers, market makers, trading companies and General Clearing Merchants (GCM’s) trading oil, energy and power derivatives as well as 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 remit was expanded to include the European gas and Global LNG strategy for NYMEX, prior to joining Nasdaq in 2014.