OANDA Appoints Kurt vom Scheidt as Chief Product Officer

OANDA, an online multi-asset trading provider, has a new Chief Product Officer (CPO) - Kurt vom Scheidt, the company announced this Tuesday.

Based in London, vom Scheidt brings more than 30 years of experience to OANDA in the financial services sector, specializing in foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term (Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term).

During his career, he has held numerous positions with international banks and brokers. At the new York-headquartered firm, vom Scheidt will be responsible for developing the company’s product strategy.

Kurt vom Scheidt leaves Saxo for OANDA

Most recently, vom Scheidt was an advisor to three firms; Chasing Returns, FX Prime AG and FairXchange. As Finance Magnates reported, his collaboration with these firms was driven by a desire to instill some change in the wider foreign exchange trading world.

Prior to this, vom Scheidt spent the last 11 years at Saxo Bank, holding a number of roles during his time with the firm. His last role with the multi-asset broker was Executive Director, Global Head of Foreign Exchange.

He joined the firm in January of 2008 as the COO – Options and worked with the broker until December of last year.

Commenting on the appointment, Chairman of the board, Tim Howkins said, “We are extremely pleased to welcome Kurt to OANDA.

“A proven industry veteran with a successful track record, he brings with him an unparalleled knowledge of the sector and a deep-seated understanding of the foreign exchange market.

“As such, he will be an invaluable asset to the firm as we continue to shape our product strategy and drive growth in the years to come.”

Before his 11-year tenure at Saxo Bank, vom Scheidt held a number of roles at top financial firms such as Commerzbank where he worked for more than four years.

From November of 1995 until March of 2001, vom Scheidt was employed at Deutsche Bank, where he held the role of Director - Head of Global Support, FX Technology /Global Head of Tactical Solutions, FX Options Tech.

“...I very much look forward to building on the foundations of this approach and defining how our product strategy can further help our clients succeed,” added vom Scheidt.

In addition to his career experience, vom Scheidt holds an MBA in Finance from Columbia University in New York and a BSc in Finance and Statistics from Syracuse University.