OANDA Names Mark Chesterman Head of Trading; Kurt vom Scheidt Chief Operating Officer

26 November, 2019- OANDA Global Corporation has further strengthened its leadership team with two key appointments designed to help the firm execute its aggressive growth plans in the coming years.

With an extensive background in global capital markets and foreign exchange, Mark Chesterman has been named Head of Trading, 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, Chesterman held a variety of positions throughout his tenure including Head of FX and Futures, however most recently he served as Chief Operating Officer with Stater Global Markets.

Mark Chesterman, OANDA Head of Trading

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

Kurt Vom Scheidt, OANDA Chief Operating Officer

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.”

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.”