The Chief Executive Officer (CEO) of OANDA Asia Pacific Kazuaki Takabatake has stepped down from his role this month, in order to pursue other interests, the online multi-asset trading provider confirmed to Finance Magnates.
According to his LinkedIn, Takabatake stepped down from the leading position at OANDA, to take a new direction in his career, by moving into the wine industry. Specifically, his profile states that he is the Commercial Director APAC for Cult Wines Ltd.
Cult Wines Ltd is a company that specializes in fine wine investment services and advises clients in Bordeaux Grand Cru classé and Burgundy Grand Cru. As the APAC commercial director, Takabatake is based in Singapore.
In Takabatake’s absence, Mohsin Siddiqui, who holds the title of Managing Director, The Americas, has assumed the daily management of the regional operation until the firm appoints a new Asia Pacific CEO.
$100,000 Battle: PrimeXBT Debuts New Contests ModuleGo to article >>
According to a spokeswoman at OANDA, Mohsin has spent ten years with OANDA around the world and is perfectly placed to run the team in the interim.
As Finance Magnates reported, Takabatake took on the position of OANDA APAC CEO back in June of 2016. During his tenure in the role, he was based in Singapore and helped drive growth for OANDA across the APAC region.
One CEO up, one down
Takabatake’s departure comes not long after the trading provider announced that it had appointed Gavin Bambury as its new CEO, which was revealed earlier this year in August.
As we highlighted at the time, OANDA’s brand new hire comes with a significant amount of experience in the industry, most notably as a senior technologist at several leading corporations. He started his career at Citibank back in 1993.
Gavin Bambury’s new tenure became effective from August 26, 2019. He is based in London, and also serves as a director on the OANDA Global Corporation Board.