OANDA appoints Philip Holemans as CFO
OANDA, the multi-asset trading platform, has announced the appointment of Philip Holesmans, as Chief Financial Officer (CFO) who will take over the role in ensuring strong financial performance for the company in the coming years.
He brings with him over 20 years of experience in the financial services sector and the company would hope that he would be utilizing this experience to build a strong foundation of financial management at the company along with ensuring compliance to global accounting standards and help with growth in the coming years.
“Philip brings with him significant expertise within the financial services industry. His in-depth knowledge of financial planning and analysis, mergers and acquisitions, and corporate development will be invaluable as we continue on our journey to becoming one of the largest multi-asset brokers in the world. We’re delighted to welcome him to the firm,” said Chief Executive Officer of OANDA, Gavin Bambury.
The most significant role held by Philip in his long career was being the 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 between these roles, he was also the CFO and Vice Chairman with Moneta Money Bank. All of these roles were valuable in shaping the career Philip and seems to have been highly valued by OANDA as well.
Further commenting, Holemans said, “I’m very much looking forward to working with the OANDA team, helping to identify and implement new strategies that will continue to improve efficiencies, increase profitability and further drive the growth of the business.”
OANDA has been in the news recently for all the wrong reasons as it had been fined $200,000 by the NFA over a series of compliance failures. The company has been around for very long and has always been known for its new and innovative features and programmes and so all this bad press has not been good for its image in the recent months. It needed to get cracking on its compliance and this hire could help it go a long way in ensuring the same in its accounting standards.
The company has also been pushing its boundaries in recent months with the acquisition of TMS Brokers in March of this year as it looks to expand its reach across the globe and get itself positioned as a strong trading platform that can adapt itself to the challenges that keep coming up in the trading space now and then.