OANDA CEO Vatsa Narasimha Steps Down Citing Personal Reasons, Company Initiates Search for a New CEO

oandaUS-based FX and CFD trading brokerage company, OANDA has announced that Vatsa Narasimha, CEO for OANDA Global Corporation has stepped down from the position for some personal reason. Although Vatsa will continue to serve in the Board of the Company as a non-executive director, the company spokesperson has added. 

Vatsa Narasimhas has served as a CEO for a little more than two years and has done a tremendous job for the company. During this time as a CEO, OANDA was acquired by private equity firm CVC Capital Partners, and since then, the company has been witnessing a reorganisation and shifting the composition of the Board.

Vatsa Narshima has joined OANDA as Chief Strategy Officer in 2013, and within three years of joining, he was promoted to CEO of the company. He has joined OANDA from The Boston Consulting Group where he worked in different capacities and roles all over the world on a variety of growth strategy. He has been with the company for over six years.

The company has initiated its efforts to find the new CEO. Back in the final quarter of last year, the company has secured former CEO of IG Group Tim Howkins as Chairman of its Board. With ongoing transformation, increased regulatory compliance and number of players in the industry, the challenges for the retail FX broker has bee on an increasing trend.

Dispute Resolution Agency, FinaCom Adds Roberto D’Ambrosio to its Dispute Resolution Committee

oandaDispute resolution service that caters to the financial services industry, The Financial Commission (FinaCom PLC) has appointed former CEO of Alpari Research and Analysis Roberto D’Ambrosio, as its newest member of its Dispute Resolution Committee (DRC).

Mr. Roberto D’Ambrosio has been associated with the financial services industry for a very long time and has held many leading roles. He has also co-founded Araknos Investment Managers, a hedge fund advisory and management startup, in which he was also the Chief Information Officer (CIO). 

Mr. D’Ambrosio holds a BA in Corporate Law services, MITC Diploma in Risk Management in Financial Services and RIMAP/Ferma certification in risk management. Commenting on the appointment, Financial Commission Chairman, Peter Tatarnikov, said: 

“Roberto has a solid background in risk management and trading that he approaches from many angles, so his input will surely be significant in assisting with the resolution of disputes. His experience as a mentor will also help us educate traders throughout the resolution process as well”.

FinaCom is an independent international dispute resolution agency, which assures timely resolution of disputes with an aim to resolve trader-broker conflicts. All the members of FinaCom are protected by the Compensation Fund, which is similar to the insurance policy.