OANDA names new president and CEO
OANDA Corporation has announced the appointment of industry veteran Edmond Eger III as President and CEO.
OANDA Corporation Appoints New President and Chief Executive Officer
• Former PayPal and Citibank executive Ed Eger appointed to cement OANDA’s position as world leader in online FX
• Brings extensive international experience in growing major financial franchises and retail e-finance businesses
• Eger will build on OANDA’s legacy as the pioneer in online FX trading; enhance value for clients; develop world-class talent; and partner with regulators
Eger commands 30 years of experience in growing businesses through customer-focused, disruptive technologies to consumers in markets around the world.
He joins from PayPal where, as Senior Vice President and General Manager for the Americas, he oversaw dramatic growth in the customer base as well as in revenues while he opened new markets.
Previously, he was the CEO of Citibank’s multi-billion dollar international consumer credit card business, spanning over 50 countries.
Eger is an expert in growing businesses where technology and finance converge through maximizing benefits for retail consumers in both developed and emerging markets, the firm said.
At OANDA, he will be focused on driving new solutions to meet the continually changing needs of its international client base.
Krishna Kolluri, chairman of the board, commented: “It is testimony to OANDA that we are now able to attract the caliber of talent that Ed brings. OANDA is on the cusp of becoming a major global brand and with an IPO on the horizon, Ed is the right person to take this business forward. His role is to bring our customers the best service and tools in the world and develop our organization to be able to cater to a rapidly growing, international audience. OANDA has a phenomenal history of successful and visionary innovation and this history will be crucial to our future. K Duker has played a vital interim role in implementing a core foundation for growth and I am delighted he will continue to be part of this firm.”
Michael Stumm, OANDA founder and board member, added: “Ed’s arrival means OANDA customers will continue to experience all the things they have traditionally loved about OANDA – efficient trading, superb pricing and excellent customer service – while bringing new innovative products and services to OANDA’s expanding customer base.”