Mark Chesterman has stepped down as Chief Risk Officer at OANDA after seven years at the company, according to a LinkedIn post published today (Tuesday).

London's trading industry is coming home!

OANDA has also undergone wider leadership changes in recent months. In June, Lucian Lauerman was promoted to Chief Executive Officer of OANDA Europe Limited, following the appointment of FTMO founders Otakar Šuffner and Marek Vašíček as co-CEOs of OANDA after discussions with Gavin Bambury, who stepped down as CEO.

Chesterman Ends Seven-Year Tenure at OANDA

“Today was my last day at OANDA, bringing seven years to a close,” Chesterman wrote. He described the period as one of “almost constant change”.

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He said his work at OANDA covered several areas, including mergers and acquisitions, trading operations, risk management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term and board governance. He also referred to global leadership responsibilities amid the growth of artificial intelligence.

Chesterman's LinkedIn profile lists Head of Trading as one of his roles at OANDA. He held the position for two years and nine months.

Led IG Futures and FX Business

Before joining OANDA, he spent ten months as Chief Operating Officer at Stater Global Markets, a prime-of-prime broker Prime Broker Prime brokers are the designation given to individuals handling a package of services offered by investment banks, wealth management firms, and securities dealers to hedge funds which need the ability to borrow securities and cash in order to be able to invest on a netted basis and achieve an absolute return.There are two types of prime brokers - bank and non-bank corporations. Traditionally major global investment banks have been the predominant players in the space, however recent years have p Prime brokers are the designation given to individuals handling a package of services offered by investment banks, wealth management firms, and securities dealers to hedge funds which need the ability to borrow securities and cash in order to be able to invest on a netted basis and achieve an absolute return.There are two types of prime brokers - bank and non-bank corporations. Traditionally major global investment banks have been the predominant players in the space, however recent years have p Read this Term.

He spent more than 14 years at IG before moving to Stater Global Markets. His roles included Chief Operating Officer of IG Institutional, Global Business Development Officer, Head of Futures and FX, Chief FX Dealer and Dealer.

As Chief Operating Officer of IG Institutional, he worked on operational processes, client onboarding and credit risk policies for the institutional business. He held the position for eleven months.

He then served as Global Business Development Officer for two years and two months. His responsibilities covered strategy, product development, marketing and revenue growth across IG's institutional business and its MetaTrader 4 platform.

Before that, Chesterman spent three years and ten months as Head of Futures and FX at IG, overseeing trading strategy, client flow monetisation and product development across foreign exchange, index derivatives, commodities and interest rates.

He began his career at IG as a Dealer, a position he held for four years and seven months, before serving as Chief FX Dealer for three years.