About Lamon Rutten
Lamon Rutten has been appointed as the Indonesia Commodity & Derivatives Exchange (ICDX) Chief Executive Officer (CEO) since 2017. He was formerly working with the Multi Commodity Exchange of India (MCX) as the Managing Director and Chief Executive. Lamon is a highly regarded business manager with an exceptional track record. Under his management, MCX became the world’s second largest commodity exchange, with a corporate valuation of well over USD1bn when he led it to an IPO. In all the companies he has worked with, Lamon has demonstrated his business expertise and prowess. His qualification in the field of commodity marketing places him as the ideal candidate for the position. Lamon has vast experience in business having worked with various companies. He worked as the Chief of Finance, Risk Management and Information in the commodities branch of the United Nations Conference on Trade and Development (UNCTAD). Author of 80+ of books and papers on commodity risk management and finance, a member of the World Bank’s International Task Force for Commodity Risk Management in Developing Countries, and a member of various expert panels, with the B20 (the business leaders’ forum accompanying the G20 process), the UN’s Leading Group on Innovative Finance and the Climate Bond Initiative.
Lamon has accumulated over thirty years of experience in commodity markets. In the field of public management of the commodity sector, finance and risk management, Lamon has an excellent record. He has proved to be a top business manager over the years. Under his stewardship, MCX flourished and developed to the world’s second largest commodity exchange. Besides, before leaving his post as Chief of Finance, Risk Management and Information at UNCTAD, the company had improved and increased its market share.
His appointment at ICDX insinuates a bright future for the company. With his vast experience, Lamon will be instrumental in the modernization of the commodity sector. He will be expected to build a transparent market and efficient risk management strategies. He will also partner with the other stakeholders to make ICDX a port of call for all businesses, both locally and internationally. This will strengthen the market domination by the company and ensure sustainable growth.
About Megain Widjaja
Megain Widjaja is the current Director and a key member of the startup committee of Indonesia Commodity & Derivatives Exchange (ICDX). He has created a high business profile over the years through successful business activities. Megain has a strong academic base in the field of business. He graduated from Seattle University with an honors degree of Business Administration in Finance and Accounting in 2005. Megain had shown great prowess and passion in business while still in college. In particular, he was much interested in trading Exchange Traded Derivatives (ETD), Over-The-Counter (OTC) clearing, and Product development. This marked the start of his successful career in business.
Megain began his business career at RA Bench investment firm Wealth Management in Seattle, USA. In this company, he worked as a part-time Investment Officer. He was mandated to handle the individual investments and maintaining corporate clients in a variety of financial instruments such as the hedge funds and commodity funds management. In this position, he performed well, and later got the position of a Chief Executive Officer (CEO) in ICDX. Through utilization of his vast knowledge and experience in the commodity future exchange industry, he had exceptional performance and become the Director of ICDX after the CEO position handed over to Lamon Rutten.
In his capacity of the Director, Megain has guided ICDX to great success. Under his stewardship, ICDX has realized significant innovations and increased the market share remarkably. The improved business position has made ICDX to be appointed as Indonesia Tin Exchange by Indonesia Ministry of Trade in 2013. Megain is expected to guide the exchange so that it can realize its full potential. Furthermore, he is included in the developing board where he will assist in developing a growth strategy in Indonesia.