OANDA, the multi-asset trading services and currency data and analytics provider, has appointed industry expert Kurt vom Scheidt as Chief Product Officer, based in London where he will be responsible for developing a robust product strategy that enhances the customer experience and supports OANDA’s growth ambitions.
Kurt vom Scheidt is a seasoned professional with more than 30 years’ experience in foreign exchange at several international banks and brokers over the years, where he improved product expertise and oversaw the trading infrastructure.
Kurt joined OANDA from Saxo Bank, where he most recently played the role of Executive Director, Global Head of Foreign Exchange, spearheading the global FX business and a team of 22 across 3 geographic locations. Prior to that, he was Executive Director, COO of Markets at Saxo Bank from 2013 to 2015, and Director, COO & Deputy Head of Foreign Exchange since December
2009. He spent two years as COO – Options at Saxo Bank since January 2019.
Before joining Saxo Bank, Kurt had several other roles at other leading companies within the industry, including FX Product Manager at GFI Group, Global Head of Markets Business Management at Commerzbank, and Director – Head of Global Support, FX Technology /Global Head of Tactical Solutions, FX Options Tech at Deutsche Bank.
Tim Howkins, Chairman of the Board at OANDA, commented:
“We are extremely pleased to welcome Kurt to OANDA. A proven industry veteran with a successful track record, he brings with him an unparalleled knowledge of the sector and a deep-seated understanding of the foreign exchange market. As such, he will be an invaluable asset to the firm as we continue to shape our product strategy and drive growth in the years to come.”
Kurt vom Scheidt, Chief Product Officer at OANDA, said:
“Over the years, OANDA has earned a reputation for combining state-of-the-art technology with a unique customer-focused approach, offering access to an award-winning trading platform, advanced charting applications, technical analysis, open order books, and economic overlays
that provide greater clarity over the markets. As such, I very much look forward to building on the foundations of this approach and defining how our product strategy can further help our clients succeed.”
The leading retail FX broker has recently partnered with the Fields Institute for Research in Mathematical Sciences in order to improve FX volatility predictions, enabling OANDA to better hedge their positions
and manage risk, resulting in tighter spreads for clients, especially during critical market events.
In 2018, the shareholders of OANDA Global Corporation announced the sale of all of the outstanding equity of OANDA to a wholly-owned subsidiary of CVC Capital Partners (CVC) Asia Fund IV. Following the acquisition of OANDA by CVC Capital Partners, CEO Vatsa Narasimha stepped down from the position for personal reasons. although he will continue to serve in the Board of the Company as a non-executive director.
Most recently, OANDA announced a partnership with commercial insurance software provider AdvantageGo in order to power its Currency Services with OANDA’s Exchange Rates API.
In February 2019, OANDA Group’s Canadian unit OANDA (Canada) Corporation ULC promoted Juan (Jean) DeCarmo to Head of Sales- Solutions for Business. DeCarmo has been with OANDA for almost thirteen years and was promoted from the Enterprise Sales Executive position he has been holding since 2015.