OANDA strengthens senior leadership team in Australia
Sydney - March 9, 2016 - OANDA a leading global provider of online foreign exchange (“Forex”, “FX”) and over-the-counter commodities and indices trading services, has strengthened its top management team with the appointment of Stephen Andrews as Managing Director, based in Sydney Australia.
Andrews’ appointment further demonstrates the firm’s ongoing commitment to delivering an award-winning platform, competitive spreads with no commission and exceptional execution across forex and CFDs, enabling clients to trade global market indices, commodities, treasuries and currencies on both fxTrade and MT4.
“Since opening our doors in Australia two years ago, we’ve earned a reputation for excellence and made solid progress in terms of gaining market share,” said Rajesh Yohannan, Managing Director and Chief Executive at OANDA Asia Pacific.
“However, we are still a relative newcomer in the market, and we see a host of untapped opportunities we have yet to explore. As such, Stephen is joining us at a critical point in our expansion, and I’m confident that he is the right person to take our Australian operation to the next level.”
With more than eight years in senior sales and management roles, Andrews brings with him extensive experience in the FX industry. Before joining OANDA, he was Managing Director of another global FX company, where he was instrumental in growing both the retail and institutional business.
“Having long since admired the brand and the firm’s ethical approach to trading, I am very excited to be a part of OANDA’s growth story in Australia. And while we have ambitious targets to reach, I am confident we’ll be able to drive growth thanks to our award-winning platform, unparalleled education program, and ever-expanding range of asset classes on offer,” said Andrews.
Joining Andrews at OANDA, the firm has also appointed David Villagra as Director of Education and Institutional Sales. Villagra will spearhead OANDA’s trading education division and will be responsible for developing a comprehensive range of educational courses, workshops and seminars.
“David brings with him an extraordinary knowledge of the Australia market, and will play a critical role both in terms of further growing the business, but also helping our clients become successful self-directed traders,” said Andrews.
OANDA transformed the business of foreign exchange through an innovative approach to online trading. The company’s industry-leading online trading platform introduced a number of firsts to the marketplace, including automated execution; instant settlement on trades; trades of any size between one unit and 10 million units; and interest calculated by the second. In 2015, OANDA was honoured to receive the “Best Customer Service” and “Best Mobile Platform” awards in Investment Trends’ 2015, USA Leveraged FX Reports; “Overall Client Satisfaction”, “Customer Service” and “Value for Money” in Investment Trends 2015 UK Financial Spread Betting, CFD & FX Report; “No. 1 FX Broker for High-Value Clients” and “Largest FX Broker by primary market share” in Investment Trends 2015 Singapore CFD & FX Report; and "Value for Money" and "Educational Materials" in Investment Trends, 2015 Australia FX Report.
OANDA was the one of the first online provider of comprehensive currency exchange information, and today the company’s OANDA Exchange Rates® data provides benchmark rates for corporations, auditing firms, and global banks.
OANDA has seven offices worldwide, Toronto, San Francisco, New York, London, Singapore, Tokyo, and Sydney. 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), the Japanese Financial Services Agency (FSA), and the Australian Securities and Investments Commission (ASIC).
Leveraged trading is high risk and may not be suitable for everyone as your losses may exceed your investment.
OANDA Corporation is located at 185 Berry Street, Suite 4700, San Francisco, CA, USA, 94107.
de2 Communications for OANDA Australia
Direct: +61 421 333 763