OANDA, the leading retail FX broker and currency data and analytics provider, has appointed Gavin Bambury as Chief Executive Officer and as a director on the OANDA Global Corporation Board.
Based in London, Gavin Bambury joined OANDA from Integral Development Corporation, where he was Chief Technology Officer. Bambury has more than 25 years’ experience in the financial technology and trading sector, including at world-class financial institutions such as Citibank and Deutsche Bank. He was also CEO of Ion Trading Technologies, a trading software company with revenues in excess of EUR250 million. A seasoned professional, he brings with him a
deep-seated knowledge of financial technology and an unparalleled understanding of the trading sector. Gavin holds a BA in Engineering and Computer Science from the University of Oxford.
Tim Howkins, Chairman of the Board at OANDA Corporation, commented: “We are extremely pleased to welcome Gavin to OANDA. A seasoned professional, he combines a deep-seated knowledge of financial technology with an unparalleled understanding of the trading sector,
which will be invaluable as we continue to execute the firm’s strategic vision in the years to come.”
Gavin Bambury, CEO at OANDA, said: “I am delighted to be joining OANDA, as a world-class brand focused on its clients, the company has enjoyed tremendous success in recent
years. I am confident we can build on these foundations, and through investment, organic and inorganic, we will extend our global coverage and enhance our clients’ experience, enabling us to continue to be the trusted leader in FX.”
OANDA, which was founded in 1996 and pioneered the online retail FX trading industry with its web-based currency trading platform in 2001, has recently lost its CEO Vatsa Narasimha. In February, the company announced he stepped down from the position for personal reasons but
that he would still serve in the Board of the Company as a non-executive director.
Narasimha’s time as CEO at OANDA, little more than two years, was enough to rock the boat to the point that the trading firm was acquired by private equity firm CVC Capital Partners. Narasimha was instrumental in growing the business at a CAGR of over 25% since 2015.