OANDA appoints Philip Holemans as CFO

Karthik Subramanian

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.

Read this next

Digital Assets

DappRadar report: NFTs volume below $1 billion for the first time since June 2021

DappRadar’s July 2022 industry report found that blockchain games and their NFTs remain resilient amid a crypto winter accentuated by the debacle of Terra.

Digital Assets

Blockchain.com registers to operate crypto business in Italy

Blockchain.com had registered as a digital asset provider in Italy, following in the tracks of rivals who joined a special registry with brokerage regulator Organismo degli Agenti e dei Mediatori (OAM).

Digital Assets

Binance rolls out crypto card in Argentina with 8% cashback

Binance is launching its crypto debit card in Argentina, the first country in Latin America to have the product thanks to a partnership with Mastercard.

Digital Assets

Greece sends BTC-e operator Alexander Vinnik to US

Alexander Vinnik, an alleged Russian hacker accused of laundering $4 billion of criminal proceeds through BTC-e, has been extradited from Greece to the United States.

Retail FX

Saxo Bank reports weakest FX volume in 6 months

As many traders were away on annual summer leave, currency markets saw a relatively quiet period in July. Within that context, Copenhagen-based Saxo Bank has reported its monthly metrics, which showed a renewed decline month-over-month.

Market News

The Week Ahead: 5 August from David Madden, Market Analyst at Equiti Group

It has been an interesting week and despite a lot of negative news, equity markets enjoyed a positive run. US House Speaker, Nancy Pelosi, defied the warnings from the Chinese government and carried out a visit to Taiwan. The Beijing authorities moved military hardware close to the self-governed island to flex its muscles. Stock markets came under a little pressure as a result and risk-off assets like the Japanese yen and gold found themselves in high demand.


Alina Strogonova of Muvon Payments: How Can Fintech Optimise Payments

Financial services in their conventional form are obsolete, according to fintech startups. New-age finance is constantly redesigning electronic money transactions and testing innovative solutions.

Digital Assets

No need for CFDs: BitMEX introduces leveraged FX perpetual swaps

Previously retail FX trading was mostly possible via CFDs (contract for difference). BitMEX’s FX perps allow both retail users and institutional traders to access FX markets through an exchange-traded contract.

Digital Assets

BEQUANT launches index measuring dollar against crypto

“Our research team has worked hard to quantify and capture the latest economic story into the broader crypto market.”