James Abbott, with over a decade of experience in the retail trading industry, has just been promoted to the position of Chief Revenue Officer (CRO) at the London office of OANDA. This is Abbott's fourth position within the company since joining at the end of 2018.

From Relationship Manager to CRO in 6 Years

Abbott joined OANDA UK in November 2018 as a High Net Worth Relationship Manager for the UK and EMEA region. For the past two years, he held the role of Head of Sales in the British division, and now he has been appointed as the new CRO.

Previously, he worked at LCG at the private client desk for three months. At the beginning of his career, he was associated with Ascendo Markets for over 5 years as an Equities Trader and later as Head of Desk Trading.

“I'm thrilled to announce that I'm starting a new position as Chief Revenue Officer at OANDA (UK),” Abbott wrote on social media. “I'm grateful for all of the hard work that goes on around me and really looking forward to growing our business while keeping client satisfaction our number one priority.”

OANDA Up for Sale

The move comes as a popular brand in the FX/CFD industry has been put up for sale by its owner, CVC Capital Partners, an Amsterdam-listed buyout firm. Although there are no official updates yet, bankers at Nomura and Santander are marketing the retail broker. The terms and financials of the deal also remain unknown at this stage.

CVC Capital Partners Asia Fund acquired OANDA in 2018, which was one of the largest brokerage deals in the industry at the time.

As for current operations, OANDA is now strongly promoting prop trading in a regulated brokerage environment. The service was introduced in January 2024, and since then, several updates have been implemented. As exclusively reported by Finance Magnates this week, OANDA has added, among other things, the ability to purchase prop challenges using cryptocurrencies. Previously, it offered a higher profit share and lower entry barriers.