OANDA Asia Pacific Names New Managing Director and CEO

LONDON, May 7, 2013 /PRNewswire/ --

Former Citibank Asia Pacific head Rajesh Yohannan to drive OANDA's growth across this key region, as well as mobile trading strategy worldwide

OANDA, a global provider of innovative foreign exchange trading services, is pleased to announce the appointment of Rajesh Yohannan as Managing Director and CEO for OANDA Asia Pacific (excluding Japan). A respected leader in the financial services industry, Mr. Yohannan is tasked with driving OANDA's growth across Asia in concert with OANDA Japan's Managing Director, Jesper Bruun-Olsen.

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Mr. Yohannan joins OANDA from Citibank, where he was Managing Director, and Global Mobile Banking Head responsible for all mobile banking, payments and marketing for Citi's consumer banking business in 40 markets. In addition, he was also Regional eBusiness and Direct Banking Head for Asia Pacific as one of Citibank's youngest managing directors.

"Rajesh is the ideal leader for our Asia Pacific operations, which is a strategic region for OANDA as we move ahead with our global growth plan," said K Duker, CEO of OANDA Corporation. "In addition to his outstanding success in attracting, servicing, and marketing to consumers through digital channels, Rajesh also has strong entrepreneurial and start-up experience and his approach to business meshes well with OANDA's corporate values of fearless integrity, excellence, and collaboration."

Said Mr. Yohannan, "OANDA is an amazing engineering company with a strong entrepreneurial culture, and as my past is rich with entrepreneurial experiences, joining this company presents the ideal opportunity to do what I love and to be a part of an exciting story that continues to evolve.

"The future of financial services is digital and mobile," he added. "I'm thrilled to be in a position to leverage my experience in banking as well as technology and innovation - such opportunities are rare but OANDA provides the perfect mix of each."

Note to Editors:

About OANDA

OANDA has transformed the business of foreign exchange through an innovative approach to forex trading. The company's award-winning online trading platform, fxTrade, introduced a number of firsts to the marketplace, including immediate execution; instant settlement on trades; trades of any size between one unit and 10 million units; and interest calculated by the second. OANDA's powerful, flexible fxTrade platform is also accessible via mobile applications for iPad, iPhone, and Android devices.

In 2012, OANDA was named "Best Forex Provider" by the Financial Times and by Investors Chronicle; "Best FX Broker" by Forex Magnates; and was recognized by Investment Trends Singapore as providing "Best Value for Money" and "Highest Overall Client Satisfaction". OANDA was also the first online provider of comprehensive currency exchange information. Today, the company's OANDA Rate® data are the benchmark rates for corporations, auditing firms, and global banks.

OANDA has six offices worldwide, in Chicago, London, Singapore, Tokyo, Toronto, and Zurich. OANDA Europe Limited is a company registered in England number 7110087 limited by shares with its registered office at 25 Watling Street, London, EC4M 9BR and is authorised and regulated by the Financial Conduct Authority, No: 542574.

Contacts:

Cognito for OANDA Europe
Paul Bowhay/ Bryony Scragg
Direct: +44-(0)20-7426-9400
OANDAPR@cognitomedia.com
http://www.cognitomedia.com

SOURCE OANDA