Joseph Massey to head MCX

India's leading commodity exchange MCX rejigged its top management on Friday -- it appointed Joseph Massey as managing director and CEO, and Jignesh Shah as vice-chairman.

The board of

directors of MCX, which met in Mumbai, decided to elevate Massey, who was the deputy managing director of MCX till now. Massey will replace Jignesh Shah, who will now become the vice-chairman of the exchange.