OANDA Corporation Adds to Senior Management Team in Asia Pacific
Leading retail forex broker hires industry veterans and confirms commitment to new market growth
Singapore – April 2, 2014
OANDA, a global provider of innovative foreign exchange trading services, is pleased to announce the appointments of Gavin Ward as Head of Greater China, and Louis Cooper as the company’s Managing Director in Australia. The two industry veterans are tasked with growing OANDA’s business and its product offerings in Greater China and Australia and New Zealand, respectively.
“Recent studies show a small decline of forex traders in most of the Asia-Pacific (APAC) countries, but OANDA is bucking the industry. We have shown strong growth in APAC year-over-year and continue to support our customers in these important markets,” said Rajesh Yohannan, Managing Director and CEO, OANDA Asia Pacific. “Given their expertise and insights, I know both Gavin and Louis will elevate our profile, our forex and CFD offerings, and help to define our fxTrade platform as the best choice for investors in each region.”
With almost two decades of experience in the financial services industry and extensive pan-European and Asian experience, Ward will spearhead OANDA’s growth in the Greater China region from OANDA Asia Pacific’s office in Singapore. He joins OANDA from CMC Markets, where he was the Director of Asia, as well as a member of the global General Executive Committee, defining CMC’s companywide strategy.
"I'm excited by the opportunity of this brand new role with OANDA as we have the tools, resources and the mindset to offer a better and fairer trading experience to clients in the Greater China region than any alternatives available," said Ward. "I believe the potential for OANDA is huge by offering a product specifically designed to help our clients trade smarter, spearheaded by outstanding educational tools and resources, and the innovative features of fxTrade, fxTrade Mobile and our MT4 solution."
Cooper also joins OANDA from CMC Markets, where he was the Managing Director in Australia and New Zealand. Under his leadership, Cooper grew the broker’s market share and led it to become one the top providers for frequent CFD traders in the antipodes. In 2012, Cooper was also voted one of the Top 5 Executives in Australia by CEO Magazine.
“We have a significant existing client base in Australia of active CFD and forex traders enjoying our award-winning platform, with superior execution speed and world class analytics tools,” Cooper said. “With innovative offerings such as auto trading and access to multi asset class execution on MT4, I look forward to officially opening our Sydney office later this year to further support our valued clients and contributing to the company’s continued growth in the region.”
OANDA transformed the business of foreign exchange through an innovative approach to forex trading. The company's industry leading online trading platform, fxTrade, introduced a number of firsts to the marketplace, including immediate execution; instant settlement on trades; trades of any size between one unit and 10 million units; and interest calculated by the second. The company’s many awards attest to the power and flexibility of its trading platform. In 2013, OANDA was honoured with nearly a dozen awards, including Best Trade Execution Provider, Best Retail Trading Platform and Best Mobile Trading Platform by International Finance Magazine; as well as Best Value for Money by Investment Trends in each of the U.S., UK, and Asia Pacific markets.
OANDA was the first online provider of comprehensive currency exchange information, and today the company's OANDA Rate® data provides benchmark rates for corporations, auditing firms, and global banks.
OANDA has seven offices worldwide, in Toronto, Chicago, New York, Boston, London, Singapore and Tokyo. OANDA is fully regulated by the U.S. Commodity Futures Trading Commission (CFTC), the U.S. National Futures Association (NFA), the Monetary Authority of Singapore (MAS), the Investment Industry Regulatory Organization of Canada (IIROC), the UK Financial Conduct Authority (FCA), and the Japanese Financial Services Agency (FSA).
About OANDA Asia Pacific
This information is made available to you by OANDA Asia Pacific Pte Ltd. OANDA Asia Pacific Pte Ltd holds a Capital Markets Services Licence issued by the Monetary Authority of Singapore and is also licensed by the International Enterprise Singapore. Co Reg No. 200704926K. Trading in leveraged over-the-counter contracts for foreign currency, precious metals, and CFDs carries a high level of risk and may not be suitable for all investors. You should never put at risk any amount that you cannot afford to lose. More details under: http://www.oanda.sg/legal/risk-warning.
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