Trading Places: OANDA Gets New CEO, XTB Shakes Up Leadership

Monday, January 9

Cosmin Ruse, City Credit Capital

City Credit Capital appointed Cosmin Ruse as its President and Chief Executive Officer in Romania. The addition of Ruse will help strengthen its offering and market penetration in Romania. In his new role Mr. Ruse will be based out of Bucharest. Prior to City Credit Capital, Mr. Ruse worked in a number of groups specializing in financial services – this included stints as the President and CEO of S.S.I.F. DORINVEST S.A., having also served on its board of directors.

Tuesday, January 10

Stephen Dainton, Credit Suisse

Credit Suisse announced last Wednesday the departure of its co-head of trading unit in EMEA, Stephen Dainton, following a disappointing equity trading performance in the last year. Stephen Dainton, the bank’s head of global markets 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 business in Britain and EMEA since 2005, has decided to pursue other opportunities in the industry. Stephen also served as co-head of global markets in EMEA since March 2016.

Ron Hoffman, Playtech

Playtech’s board of directors approved some senior management changes at Playtech last week. The company’s former Chief Financial Officer Ron Hoffman will be taking the helm of the financials division of the company as CEO effective immediately. He is also relinquishing his position on the company’s board.

Wednesday, January 11

Jakub Maly, XTB

X-Trade Brokers (WSE:XTB) dismissed longtime executive and Chief Executive Officer Jakub Maly. The decision to supplant Mr. Maly came on the heels of the lackluster aftermath of XTB’s IPO as well as shifting trends in the Polish regulatory regime, with regard to FX. Since debuting in May 2016, XTB’s share prices and financial results have also been lower, possibly paving the way for a changing of the guard.

Vatsa Narasimha, OANDA

OANDA elevated its acting Chief Financial Officer Vatsa Narasimha to the role of Chief Executive Officer, succeeding Ed Eger, who is slated to remain with the broker to help facilitate a transition. The move represented a shakeup at the highest level at OANDA, after Mr. Narasimha’s work with helping steer the group’s trajectory to new sectors, with an emphasis on regional growth.

Friday, January 13

Drew Doscher, BTIG

BTIG on-boarded Drew Doscher as its Managing Director and Head of Fixed Income Credit. In his new role Mr. Doscher will be initiating BTIG’s newly launched distressed debt and trade claim business, helping augment the firm’s high-yield and convertible bond capabilities.

David Lynne and James Boyle, Deutsche Bank

Deutsche Bank AG named two new senior hires Friday, appointing David Lynne and James Boyle as its newest Co-Heads of Global Markets for the Asia-Pacific (APAC) Asia-Pacific (APAC) The Asia-Pacific (APAC) region is one of the fastest growing in terms of population. This region in particular is of great importance to the financial services industry, as it is seen as the largest growth market for clients.APAC is comprised of diverse currency markets that are shaped by various and, at times, competing forces, from global regulation to local capital controls.The region has been seen as one of the hardest to enter by FX brokers for this reason, as well as grappling cultural or The Asia-Pacific (APAC) region is one of the fastest growing in terms of population. This region in particular is of great importance to the financial services industry, as it is seen as the largest growth market for clients.APAC is comprised of diverse currency markets that are shaped by various and, at times, competing forces, from global regulation to local capital controls.The region has been seen as one of the hardest to enter by FX brokers for this reason, as well as grappling cultural or Read this Term) region – both Mr. Lynne and Boyle will step into their respective roles on February 1, 2017 and will be succeeding Michael Ormaechea, Deutsche Bank’s Australia and New Zealand Chief.

Markus Ruetimann, Global Prime Partners

Global Prime Partners (GPP) last week added Markus Ruetimann to its board as its newest Senior Non-Executive Director. Mr. Ruetimann stepeds into his new board role at Global Prime Partners’ Board following a lengthy career in the financial services industry that spans over two decades. Most recently, he served as the Group Chief Operating Officer of Schroders, dating back to 2004.