OANDA Promotes Kurt vom Scheidt to Chief Operating Officer

Mark Chesterman has also been appointed to the role of Head of Trading.

Multi-asset online trading provider OANDA has announced a series of changes to its management team. Namely, Kurt vom Scheidt, the previous Chief Product Officer, has accepted the newly-created role of Chief Operating Officer (COO).

As Finance Magnates reported, vom Scheidt has been with OANDA since July of this year. With his new role, he will be in charge of the Trading, Product Management, Financial Risk, Business Operations, and Solutions for Business teams.

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In addition to vom Scheidt’s new position, the trading provider has further strengthened its management team by appointing Mark Chesterman as Head of Trading. In this role, he will be responsible for leading the global trading team, quantitative analytics, and research groups from the firm’s London office.

Chesterman has had an extensive career in the trading and brokerage industry. He spent a large portion of his career at IG Markets. In particular, he spent 14 years with the trading firm. During this time, he held a number of positions, such as Head of FX and Futures.

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However, Chesterman was most recently the COO with Stater Global Markets. As the Head of Trading, he will report directly to Kurt, the statement from the company released today said.

Commenting on the role, the Chief Executive Officer of OANDA, Gavin Bambury said: “A seasoned professional with more than 30 years’ experience in the financial services sector – not to mention first-hand experience of working at OANDA – Kurt was an obvious choice for the role of Chief Operating Officer.

“He is perfectly placed to help drive product improvements, oversee the trading infrastructure and manage financial risk. Meanwhile, Mark’s deep-seated expertise and proven track record in the electronic trading industry will help ensure we continue to deliver institutional-grade execution and competitive pricing models for OANDA clients, all around the world.”

OANDA will continue to strengthen its team

Speaking on the future of the company, Bambury added: “Over the course of the coming months, we will continue to strengthen the OANDA team with a series of strategic hires designed to help accelerate business performance, improve our customer trading experience and fuel company growth. OANDA has an exciting year planned for 2020, and we’re fully committed to making sure we have the best possible talent in place to help us achieve our goals.”

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