Oanda, one of the largest foreign exchange brokers has made a second major change his year in its board with the departure of Antony Broadbent, managing director of Oanda Europe. Anthony will be leaving the firm after 12 months of service. The move comes after Oanda made significant changes in their leadership earlier this year when K Duker took over as Chief Executive Officer from Michael Stumm.
Oanda has been famous for offering competitive pricing by focusing on acquiring clients direct thus removing the middle man, Oanda would prefer not to deal with introducing brokers and agents especially those who add mark ups and commissions. The firm operates across borders and has offices in; Dubai, Chicago, London, New York, Singapore, Tokyo, Toronto, and Zurich.
Anthony Broadbent will be superseded by Paul Hayward, Head of the firms Dubai office.
An official statement from Oanda about the change:
“Antony Broadbent and OANDA parted ways in late September. During his tenure with the company, Antony achieved his mandate to build the OANDA Europe Limited team and ensure our good standing with the FSA. We are now poised for further growth in the region under the leadership of Paul Hayward, a forex industry veteran and most recently the head of OANDA’s Dubai office. Paul has nearly three decades of financial services experience in London and Dubai, most notably for HSBC and Raiffeisen Zentralbank.”
Oanda secured a major white label partnership with HSBC bank and developed its MT4 inter-bank bridge in-house, the firm boasts more than a dozen Ph.D holders and continues to show strong signs of growth.
With major changes taking place at the firm, could there be talk of an IPO coming.