OANDA Hires Former PayPal Executive as CEO

Foreign exchange trading services provider OANDA has hired former PayPal and Citibank executive Edmond Eger as president and CEO.
By Jake Safane(2147484770)
Foreign exchange trading services provider OANDA has hired former PayPal and Citibank executive Edmond Eger as president and CEO.

At PayPal, Eger served as senior vice president and general manager for the Americas. Prior to PayPal, he served as CEO of Citibank’s international consumer credit card business. In all, Eger has 30 years of industry experience.

OANDA is also planning an IPO and wants to become more of a global company. “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,” says Krishna “Kittu” Kolluri, OANDA’s chairman of the board.

“This is a wonderful coup for OANDA,” says K Duker, OANDA’s interim CEO and executive committee member. “Ed has a world-class reputation for leadership and growing his people. He deeply understands the new paradigm where disruptive technology converges with finance. He has rare and proven experience in driving customer-focused technology in developed and emerging markets around the world and has my total support.” Duker will stay with the company and serve on the executive committee.

In addition to appointing Eger as CEO, the company has recently expanded its board to include Renato Fassbind, independent non-executive director at HSBC; Mich Mathews, former chief marketing officer and senior vice president of Microsoft, and Kuno Kennel, chairman of the board at Schwyzer Kantonalbank. Plus, OANDA recently added Vatsa Narasimha as chief strategy officer and Graeme Whittington as chief technology officer.

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