OANDA Names Industry Veteran David Grant as APAC COO

Multi-Asset Multi-Asset Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically Read this Term online trading provider OANDA has managed to secure a new Chief Operating Officer (COO) for its Asia Pacific (APAC) operations, appointing industry veteran David Grant to the role.

As the COO of OANDA’s APAC operations, Grant will be based in Singapore. His main responsibility will be overseeing the company’s administrative and operational functions. He will also focus on enhancing the efficiency of the business,

Grant joins the multi-asset trading provider from Gain Capital, where he held an identical role - APAC COO. During his career, which includes more than two decades of experience in the electronic trading industry, he has held a number of roles with leading financial institutions.

Namely, he was the Chief Executive Officer (CEO) of the Singapore branches of optionsXpress and City Index. He has also held the role of Head of Compliance at E*Trade and worked in Equities Equities Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Read this Term at Goldman Sachs.

Commenting on the appointment, Mohsin Siddiqui, Managing Director for the Asia-Pacific and Americas regions, said, “An accomplished financial services professional, David brings with him an extraordinary knowledge of the industry landscape. His extensive experience in trading, operations and management will be invaluable as we look to further grow the business in Asia Pacific.”

The changing landscape at OANDA

In recent months OANDA has been shaking up its leadership team with a series of appointments, with Grant being the latest. As Finance Magnates reported, in August, the company announced that it had named Gavin Bambury as its CEO.

Only a couple of months later, in October, it was revealed that OANDA’s Asia Pacific CEO, Kazuaki Takabatake, had stepped down from his role this month to pursue other interests.

Taking his place for the interim, Mohsin Siddiqui, who holds the title of Managing Director, The Americas, has assumed the daily management of the regional operation until the firm appoints a new Asia Pacific CEO.

On top of this, the firm recently hired Mark Chesterman as Head of Trading and Lucian Lauerman as Head of Solutions for Business, both reporting to Kurt vom Scheidt, who assumed an expanded role as Chief Operating Officer in November.