OANDA appoints Mark Chesterman as Head of Trading

Maria Nikolova

Mr Chesterman will be responsible for leading the global trading team, quantitative analytics and research groups from OANDA’s London office.

Online multi-asset trading services and currency data and analytics provider OANDA today announced changes to its leadership team, with Mark Chesterman named Head of Trading and Kurt vom Scheidt appointed as Chief Operating Officer.

These two key appointments aim to help the firm execute its aggressive growth plans in the coming years.

Mark Chesterman

Mark Chesterman, who has profound expertise in global capital markets and Forex, has been named Head of Trading at OANDA. He will be responsible for leading the global trading team, quantitative analytics and research groups from the firm’s London office. A 14-year veteran with IG Markets, Mr Chesterman held a set of positions throughout his tenure including Head of FX and Futures. Most recently he served as Chief Operating Officer with Stater Global Markets.

Mr Chesterman will report directly into Kurt vom Scheidt, who has accepted the newly-created role of Chief Operating Officer. Kurt vom Scheidt was originally hired as Chief Product Officer earlier this year. He will now lead the Trading, Product Management, Financial Risk, Business Operations and Solutions for Business teams, playing a vital role in supporting OANDA’s continued growth in his expanded capacity.

Chief Executive Officer, Gavin Bambury commented, “A seasoned professional with more than 30 years’ experience in the financial services sector – not to mention first-hand experience of working at OANDA – Kurt was an obvious choice for the role of Chief Operating Officer. He is perfectly placed to help drive product improvements, oversee the trading infrastructure and manage financial risk. Meanwhile, Mark’s deep-seated expertise and proven track record in the electronic trading industry will help ensure we continue to deliver institutional-grade execution and competitive pricing models for OANDA clients, all around the world.”

Mr Bambury continued, “Over the course of the coming months, we will continue to strengthen the OANDA team with a series of strategic hires designed to help accelerate business performance, improve our customer trading experience and fuel company growth. OANDA has an exciting year planned for 2020, and we’re fully committed to making sure we have the best possible talent in place to help us achieve our goals.”

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