The Dubai Gold and Commodities Exchange has hired a former Goldman Sachs executive director as its new chief executive, just six months after the post was last filled.

Gary Anderson has been hired to lead the emirate's fast-growing derivatives exchange after a 30-year career involving stints at some of the world's largest investment banks. He assumes the role recently held by former Merrill Lynch managing director Stephen Gaterell, who only joined as chief executive of the exchange in November and has left because of a family illness.