Breaking: OANDA Corporation replaces CEO Ed Eger as former Boston Consulting exec to take over
OANDA Corporation CEO Ed Eger will be succeeded by Vatsa Narasimha who was previously Principal of Boston Consulting Group
OANDA Global Corporation’s Board of Directors has appointed Vatsa Narasimha, formerly CFO of OANDA, as its CEO. Mr. Narasimha succeeds Ed Eger who, alongside the Board, hand-selected Mr. Narasimha for the role. Mr. Eger will remain at OANDA to support Mr. Narasimha during a transition period.
Over the past three years, Mr. Narasimha has been a critical part of the OANDA success story. Under Mr. Eger’s mentorship, he has helped the firm grow in new sectors and regions, streamlined and automated operations and built a data-driven, customer-focused team.
Kittu Kolluri, Chairman of OANDA, said, “I would first like to thank Ed for his tremendous leadership at OANDA. As CEO, Ed took a technology-driven approach to growing our services, increasing our market share, establishing record revenue and client growth, and taking customer and employee satisfaction to all-time highs. On behalf of the Board and our group of talented employees, we thank him for shaping OANDA into the business it is today.”
Mr. Kolluri continued, “Working closely with Ed over the last three years, Vatsa has been fundamental to OANDA’s growth. He brings strong financial management, sharp operational insights, and a global perspective. Under Vatsa we will carry on building scale and excellence. The Board is confident he will continue to deliver greater employee, customer and shareholder value.”
Mr. Eger commented, “It’s been an honor to lead OANDA. We have accomplished a great many things around the globe, diversifying the business and firmly establishing OANDA as the technology platform of choice for organizations’ and consumers’ foreign exchange and trading needs. It’s been a pleasure working closely with Vatsa and the team to achieve the growth we have over the last three years. I look forward to watching him build on these successes.”
Prior to joining OANDA in 2013, Mr. Narasimha was a Principal of The Boston Consulting Group (BCG). While at BCG, he led a number of financial institutions through growth strategies, corporate development and a variety of operational transformations.
He comments, “I’m thankful to Ed for his leadership over the last three years and proud of what we have been able to accomplish. As CEO, I will continue to expand OANDA’s trading, data, and cross-border payments businesses, retaining the steadfast OANDA commitment to exceptional technology and customer servic
