OANDA announces former E*TRADE CEO as Non-Executive Director

Rick Steves

He was responsible for the improved banking offerings and consistent account growth at E*TRADE.

OANDA has appointed Karl Roessner as a Non-Executive Director of the online multi-asset trading platform.

The current CEO of Lefteris Acquisition Corp is expected to add a wealth of industry-specific expertise to the firm’s advisory team as he joins the Board of Directors.

Karl Roessner was previously CEO of E*TRADE Financial Corporation and President of E*TRADE Bank. There he was key in the development and execution of plans that generated a significant increase in revenue.

He is directly responsible for the improved banking offerings and consistent account growth in E*TRADE and has sat on the Board of Directors of both institutions.

Gavin Bambury, Chief Executive Officer at OANDA, said: “We are delighted to welcome Karl to our Board of Directors. A seasoned professional in the retail trading industry, he brings with him extensive strategic and operational expertise that will add considerable strength to our advisory team at a critical time in the firm’s history. We believe he will be a tremendous asset to OANDA as we continue on our journey to becoming one of the largest multi-asset brokers in the world.”

“I’ve long admired OANDA for its world-class brand, dedication to innovation and commitment to clients. As such, I’m very much looking forward to working with the board to help identify new opportunities that will further drive the growth of the business”, said Karl Roessner, Non-Executive Director at OANDA.

Although OANDA has recently lost Chief Marketing Officer Chantelle Johnson to Equiti Group, the FX broker hired John Farda as Managing Director of North America earlier this month.

He joined OANDA from Fidelity Investments, where he held several positions, most recently acting as Head of Product for the SimpliFid Digital Solutions division. His career also includes roles at the CME Group and E*TRADE.

The broker has also recently appointed Philip Holemans as Chief Financial Officer, bringing 20 years of experience to the job. Mr. Holemans was CFO at GE Capital in the Benelux, Germany, and Czechia offices. His most recent role was with WiZink, which is an Iberian digital bank, where he was the CFO as well.

In April, OANDA appointed Marcin Niewiadomski as the Head of Europe following its March acquisition of TMS Brokers in Poland, where he was Chief Executive Officer.

Read this next

Institutional FX

Euronext’s FX volume takes yet another step back in July

Pan-European exchange, Euronext has reported a 7.6 percent drop in the average daily volume on its spot foreign exchange market. The ADV figure stood at $21.4 billion in July 2022, which is down from June’s $23.1 billion.

Executive Moves

IG Group strengthens institutional sales with appointment of Glen Hastings

IG Group, Europe’s largest online trading platform, has onboarded Glen Hastings to the role of its institutional sales manager. He joins the FCA-regulated broker with immediate effect, based out of its offices in London.

Digital Assets

Voyager customers can withdraw up to $100K in cash via ACH transfer

Following approval of the bankruptcy judge, cryptocurrency brokerage firm Voyager plans to return $270 million in customer cash. The amount represents a small portion of investors’ crypto holding that have been locked up since the company filed for bankruptcy in April.

Retail FX

Britain’s lifeboat system to conclude LCG compensation scheme

Britain’s Financial Services Compensation Scheme (FSCS) said today it’s preparing to close the compensation scheme of the collapsed mini-bond provider, London Capital & Finance.

Uncategorized

Robinhood parts ways with its first CPO Aparna Chennapragada

In what apparently part of the restructuring it announced last month, Robinhood is parting ways with its Chief Product Officer Aparna Chennapragada. However, she’ll remain employed in an advisory role to the CEO through January 2023.

Digital Assets

Crypto.com expands regulatory footprint with new licence in South Korea

Crypto.com has acquired payment service provider ‘PnLink Co., Ltd.’ and virtual asset service provider ‘OK-BIT Co., Ltd.’ The move effectively provides a regulatory stamp for the company’s digital assets and cryptocurrencies business in South Korea.

Metaverse Gaming NFT

Why NFT Technology Could be the Much Needed Solution to Crypto Inheritance 

The digital asset market may have started with Bitcoin’s humble beginning but its fortunes have changed over the past decade.

Industry News

Kohle Capital Markets expands CFDs lineup to 200+ stocks

Kohle Capital Markets (KCM), the leading international provider of online trading, has once again expanded its contracts-for-difference (CFDs) offering, this time with the addition of new products on its trading platform.

Industry News

Kohle Capital Markets continues CSR initiatives with donation of art piece to Lions Club International

Global brokerage firm Kohle Capital Markets (KCM) is taking its corporate social responsibility very seriously and continues to navigate the challenging period brought forth by the pandemic and Russia-Ukraine war.

<