Vatsa Narasimha stepped down as president and chief executive officer of OANDA Global Corporation in February 2019. OANDA said the departure was for personal reasons, but it did not provide a more specific explanation.
This was initially a change in role rather than an immediate departure from the company: Narasimha became a non-executive director on OANDA’s board. Gavin Bambury was later appointed CEO, effective August 26, 2019.
What happened to Vatsa Narasimha at OANDA?
OANDA announced in February 2019 that Narasimha was leaving his position as president and CEO. The change was first reported on February 15, with additional industry coverage appearing on February 21.
An OANDA spokesperson described the reason as “personal reasons” or “personal grounds.” No reliable public source reviewed for this report gives a more detailed explanation. In particular, there is no verified evidence that the departure was caused by OANDA’s ownership change.
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Narasimha did not initially leave OANDA altogether. He moved from the executive leadership role to a non-executive director position on the company’s board while OANDA searched for a replacement.
How long had Narasimha been OANDA’s CEO?
OANDA appointed Narasimha CEO on January 11, 2017, replacing Ed Eger. Before taking the top job, Narasimha had served as OANDA’s chief financial officer and had held a senior strategy role.
He joined OANDA in 2013 after working as a principal at The Boston Consulting Group. His time as CEO lasted just over two years before the February 2019 leadership change.
Was the departure connected to CVC’s acquisition?
The timing created an obvious question. CVC Capital Partners completed its acquisition of OANDA in October 2018, only a few months before Narasimha stepped down. OANDA had said when announcing the acquisition that Narasimha would continue leading the business under CVC ownership.
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However, timing alone does not establish a connection. The public explanation from OANDA was personal reasons, and the sources reviewed do not verify that CVC’s acquisition caused or directly contributed to Narasimha’s departure. It would be inaccurate to present the ownership change as the reason.
Who replaced him?
Gavin Bambury became OANDA’s CEO effective Monday, August 26, 2019. OANDA also said Bambury would serve as a director of OANDA Global Corporation.
That date matters because Bambury did not immediately replace Narasimha in February. There was an interim period during which OANDA was looking for a successor. Articles that describe Narasimha as OANDA’s CEO after August 26, 2019, are outdated.
| Date | Event |
|---|---|
| January 11, 2017 | Narasimha becomes OANDA CEO, replacing Ed Eger. |
| October 2018 | CVC Capital Partners completes its acquisition of OANDA. |
| February 2019 | Narasimha steps down as CEO and moves to a non-executive director role. |
| August 26, 2019 | Gavin Bambury becomes OANDA CEO. |
What did Narasimha do after leaving OANDA?
Narasimha joined ComplyAdvantage in January 2020 as chief operating officer and chief financial officer. He later became the company’s CEO, effective October 13, 2022. ComplyAdvantage founder Charles Delingpole became executive chairman at that time.
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Current ComplyAdvantage company materials continue to identify Narasimha as its CEO. His move to another financial-technology company means the 2019 OANDA announcement was a change in employer leadership, not the end of his executive career.
Who leads OANDA now?
Narasimha is not OANDA’s current CEO. OANDA’s current leadership page lists Otakar Šuffner and Marek Vašíček as co-CEOs.
The present structure follows further ownership changes. FTMO completed its acquisition of OANDA on December 1, 2025, and the transaction was announced on December 2. OANDA’s leadership page identifies Šuffner as CEO of FTMO as well as co-CEO of OANDA, while Vašíček is listed as FTMO’s chief technology officer.
For customers, traders, and anyone researching OANDA as a financial-services company, the practical takeaway is to check the date of any leadership claim. Narasimha’s OANDA CEO tenure ended in 2019, Bambury took over later that year, and OANDA’s current leadership is different again.
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Key points
- Vatsa Narasimha stepped down as OANDA CEO in February 2019.
- OANDA publicly attributed the change to personal reasons or personal grounds.
- He initially remained with OANDA as a non-executive director.
- Gavin Bambury became CEO on August 26, 2019.
- Narasimha joined ComplyAdvantage in 2020 and became its CEO in 2022.
- OANDA now lists Otakar Šuffner and Marek Vašíček as co-CEOs.
Sources: LeapRate’s February 2019 report; OANDA’s 2017 CEO announcement; OANDA’s announcement of Gavin Bambury; ComplyAdvantage’s CEO announcement; and OANDA’s current leadership page.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.FAQ
Did Vatsa Narasimha leave OANDA in February 2019?
He left the CEO and president roles in February 2019, but he initially remained with OANDA as a non-executive director. He did not immediately leave the company altogether.
Why did Vatsa Narasimha leave OANDA?
OANDA attributed his departure from the CEO role to personal reasons or personal grounds. No more specific reason has been publicly verified.
Did CVC’s acquisition cause Narasimha’s departure?
The departure followed CVC’s October 2018 acquisition of OANDA, but public reporting does not establish that the acquisition caused it. OANDA’s stated explanation was personal reasons.
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Gavin Bambury became CEO effective August 26, 2019. He did not take over immediately in February.
Is Vatsa Narasimha still OANDA’s CEO?
No. He stopped being OANDA’s CEO in 2019. OANDA currently lists Otakar Šuffner and Marek Vašíček as co-CEOs.
Where is Vatsa Narasimha now?
Narasimha joined ComplyAdvantage in 2020 and became its CEO effective October 13, 2022. Current ComplyAdvantage materials identify him as the company’s CEO.
The Bottom Line
Vatsa Narasimha stepped down as OANDA’s CEO in February 2019 for publicly stated personal reasons. He initially stayed on the board as a non-executive director, and Gavin Bambury became CEO on August 26, 2019. Narasimha later moved to ComplyAdvantage, where he is CEO. He is not OANDA’s current CEO.
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