OANDA has appointed Paweł Latocha as Head of Operational Risk for OANDA Group and named him to the management board of OANDA TMS, the company's Polish subsidiary.
The company’s Supervisory Board approved Latocha's adequacy assessment for the Management Board position on Nov. 27. He joins a five-member board led by President Marcin Niewiadomski, who also serves as OANDA's Head of Europe.
Risk Management Background at Major Financial Firms
Latocha spent over four years at London-based IG Group before joining OANDA in December. He started at IG as a risk reporting manager in 2021, then moved up to head operational risk assurance and reporting in 2022. Most recently, he led IG's risk and compliance portfolio and systems, overseeing change management and project delivery.
- OANDA Japan Sponsors Local Rugby Team as the Popularity of the Sport Rises
- FTMO Comes to India: Opening Market It Previously Excluded
- FTMO's OANDA Adds 350+ ETFs to European Investment Platform
Before his time in the brokerage industry, Latocha held risk management roles at State Street and Deutsche Bank in Poland. He also spent several years at Shell, where he managed tax teams in Krakow.
Timing Follows FTMO Acquisition
The appointment comes shortly after Czech prop trading firm FTMO completed its purchase of OANDA from private equity firm CVC Capital Partners. The deal, which was announced in February, required approvals from five different regulators and took roughly eight months to finalize. FTMO closed the transaction on Dec. 1 after receiving the last regulatory sign-off in November.
FTMO has said it plans to run OANDA as a standalone business while building what it calls a "trading powerhouse" that spans prop trading, brokerage and related services. OANDA operates regulated entities in eight markets including New York, Toronto, London, Singapore, Tokyo and Sydney.
It is also worth noting that OANDA previously acquired one of the largest Polish brokers, TMS Brokers, and now operates in the local market under the name OANDA TMS.
Management Shifts at OANDA
Latocha's hiring follows other recent executive moves at both OANDA and IG Group. IG brought in David Perry as group chief technology officer in October and named Michael Vaughan as CEO for North America the same month.
OANDA TMS Brokers operates under the supervision of Poland's financial regulator and has been active in the Polish market since receiving its license in 2004. The Warsaw-based firm has share capital of 3.5 million zloty.
