OANDA, an online multi-asset trading services provider, has promoted Lucien Loeherman to Executive Vice President of Operations. Previously, Loeherman served as the company's head of digital assets for more than two years. He joined OANDA in 2019 as Head of Data Services.
According to his LinkedIn profile, Loeherman has held key roles at prominent companies such as Saxo Bank, Lloyds Banking Group, and GL Trade. At Saxo Bank, he rose from Head of API Business to Global Head of Electronic Distribution.
Leadership changes at OANDA
In February, Jessica Beckstead, CEO of OANDA US, expanded her role as head of FX data services. With over 20 years of experience in financial services, Beckstead brings a wealth of knowledge and leadership from previous key roles at FXCM. Her journey in the financial services industry spans over two decades, including her time at FXCM, where she held several important positions, including Managing Director and Global Head, CEO of FXCM Australia, and Managing Director, Emerging Markets.
Commenting on her expanded responsibilities, Beckstead highlighted the critical role of data-driven insights in today's financial markets. She expressed her enthusiasm to lead OANDA's foreign exchange data services division, emphasizing the company's commitment to providing world-class services.
Expand offers
Meanwhile, OANDA recently ventured into private trading with OANDA Labs Trader, Finance Magnates reported. The initiative aims to empower traders, giving them the opportunity to earn profits of up to 75% through OANDA's Global Markets division in the British Virgin Islands. Traders must pass an assessment, adhere to regulatory standards, and qualify for funding ranging from $25,000 to $500,000.
OANDA's trading software introduces challenges with profit targets and loss limits, providing traders with a structured approach to trading while mitigating risk. By embracing private trading, OANDA aims to empower traders with growth opportunities while maintaining compliance with regulatory standards.
This article was written by Jared Kirroy at www.financemagnates.com.