Lucien Lauermann has been promoted to CEO of OANDA Europe Limited. This development comes amid broader leadership changes associated with the acquisition involving FTMO. FTMO founders Otakar Šuffner and Marek Vašíček take on co-CEO positions At OANDA after discussions with Gavin Bamburi, who resigned from his position.
From digital assets to the role of CEO
Lauerman’s promotion follows a series of senior roles he has held within OANDA. He served as Executive Vice President of Operations for more than two years before assuming the CEO role.
Before that, he worked as Head of Digital Assets for about two and a half years. In this role, he focused on digital assets and crypto-related initiatives within the company. Prior to that, he spent just over two years as Head of Data Services, also based in London.
Earlier in his career, Loeherman worked at Saxo Bank for approximately seven years. During that period, he held senior positions in electronic distribution and API. He initially served as President of API’s business for several years before moving to Global President of Electronic Distribution for less than three years.
Before joining Saxo Bank, he worked at Lloyds Banking Group for just under three years. He held positions in electronic product management and later became an electronic product manager.
OANDA Prop Trader transfers FTMO group
Meanwhile, OANDA-owned business, OANDA Prop TraderIt is set to be moved to the FTMO group. The migration process began in March this year, and customers moving to the FTMO platform will have access to its trading infrastructure.
Customers who do not migrate will receive refunds where applicable, and some may also receive additional incentives. This move allows OANDA to focus on its core brokerage operations while separating its trading activity into a dedicated platform under FTMO.
Separately, FTMO has expanded to Indiaas interest in item trading has increased since 2023. Several item trading companies, including FundingPips, The5ers, FundedNext, and Maven, report that India accounts for a significant share of web traffic, especially among younger traders.
This article was written by Tariq Sikdar at www.financemagnates.com.
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