Exclusive: Senior Departures at OANDA, as CFO Smart and CMO Grant-Thompson Leave the Firm

Following a series of key hires and changes to the company's management and board, OANDA Corporation, one of the leading 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 brokerages that operates subsidiaries in Canada, Japan, Singapore and the UK under the OANDA brand name, has reportedly had two senior officers depart as told to Forex Magnates by people familiar with the matter.

The senior departures were said to include Tim Smart, who had served as Chief Financial Officer (CFO), and Stacey Grant-Thompsom who held the role of Chief Marketing Marketing Marketing is defined as the business process of identifying, anticipating and satisfying customers' needs and wants.This is a crucial element of any operation or brokerage in the financial services space. Well-funded marketing campaigns are instrumental to the survival and longevity of these companies in an increasingly competitive industry.Within the forex space, marketers perform a wide range of functions to help procure, secure, or retain clients.In particular, newer forex brokers also have t Marketing is defined as the business process of identifying, anticipating and satisfying customers' needs and wants.This is a crucial element of any operation or brokerage in the financial services space. Well-funded marketing campaigns are instrumental to the survival and longevity of these companies in an increasingly competitive industry.Within the forex space, marketers perform a wide range of functions to help procure, secure, or retain clients.In particular, newer forex brokers also have t Read this Term Officer (CMO). Forex Magnates reached out to OANDA's management in request of confirmation but to no avail as of yet.

Chief Financial Officer and Chief Marketing Officer Departures

According to Tim Smart’s LinkedIn listing, he had served as CFO at OANDA since February of 2012, over 1 year and 10 months. As per the National Futures Association (NFA) Background Affiliation Status Information Center (BASIC), Mr. Smart is still listed as an approved principal and associated person with OANDA, as of publication, having acquired the series 3 and 34 shortly after joining the firm last year, as per the information concerning his associated status reflected on the NFA BASIC site.

As for Ms. Grant-Thompson, she has held the role of CMO from December 2012 to the present. Her LinkedIn profile notes previous positions covering a broad career in marketing and concurrent positions as part of the leadership planning and development committee for the Canadian Marketing Association, as well as board member of ABC Life Literacy Canada, where she is also listed as Chair of the Governance and Nominating Committee, and Member of the Executive Committee for ABC Life Literacy Canada.

According to Forex Magnates’ sources, both Mr. Smart and Ms. Grant-Thompson had left “on very good terms”. As noted, Forex Magnates will continue to monitor the situation and update our readers with any related updates from OANDA concerning this.