Gavin Bambury has been appointed as the new CEO of OANDA; the company shared in a statement with Finance Magnates. The veteran technologist takes the helm at a challenging time for the industry, right after the ESMA’s measures have been made permanent in Europe and in the run-up to a regulatory reshaping of the sector in Australia.
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. Gavin Bambury’s new tenure will become effective from August 26, 2019. He will be based in London, and also serve as a director on the OANDA Global Corporation Board.
25 Years of Industry Experience
Gavin Bambury comes to OANDA with a raft of experience in the trading and banking industry. He started his career at Citibank back in 1993, where he was tasked with developing technology in the fixed income desk. Later his role was also expanded to include foreign exchange trading.
After 13 years with the US bank, he moved to Deutsche for four years, leading the company’s Business Transformation department. His career proceeded at ION Trading Technologies, a company with revenues exceeding €250 million, where he served as CEO and COO over six years.
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Before joining OANDA, Gavin Bambury was most recently holding the CTO position at one of the leading foreign exchange trading technology providers, Integral.
Commenting on the new appointment, the Chairman of the Board of OANDA, Tim Howkins, said: “We are extremely pleased to welcome Gavin to OANDA. A seasoned professional, he combines a deep-seated knowledge of financial technology with an unparalleled understanding of the trading sector, which will be invaluable as we continue to execute the firm’s strategic vision in the years to come.”
“I am delighted to be joining OANDA, as a world-class brand focused on its clients, the company has enjoyed tremendous success in recent years. I am confident we can build on these foundations, and through investment, organic and inorganic, we will extend our global coverage and enhance our clients experience, enabling us to continue to be the trusted leader in FX,” elaborated the new CEO of OANDA in an official statement.
The move comes about half a year after OANDA officially confirmed its intentions to look for a new CEO after Vatsa Narasimha stepped down from the position in February 2019. Last year, the company got acquired by CVC Partners in a landmark deal and brought in long-time industry veteran Tim Howkins as Chairman.