Oanda promotes Asia head to CEO

PE opportunities in the hands of hedge funds

Retail foreign exchange trading provider Oanda Corporation has appointed K Duker as its new chief executive, succeeding co-founder Michael Stumm.

Duker joined Oanda in 2008, having previously headed Deutsche Bank's electronic foreign exchange business in Asia-Pacific. For the past four years he has been managing director of Oanda's Asia-Pacific division, based in Singapore. In his new role, Duker will relocate to Toronto, where Oanda is headquartered, and a successor in Asia will be appointed in