People News: Bank of America, Deutsche Bank

Bank of America

Robert Grillo, the former head of fixed-income electronic sales at Bank of America, has joined startup Treasuries trading platform OpenDoor Trading as president.

Bloomberg News reports that Grillo, 49, will start June 1 and will report to Susan Estes, chief executive officer, he said in an interview Monday. Grillo left Bank of America in March.

His task at OpenDoor, which seeks to boost liquidity in older Treasuries, will be to “expand the growing pool of primary dealers, central banks, asset-management firms and other institutional investors supporting the pending launch," according to an e-mailed statement from the firm.

In the meantime, Bloomberg also reports that Bernardo Parnes, chief executive officer of Latin America operations at Deutsche Bank, is planning to leave the bank, a person familiar with the matter said.

A formal announcement of the departure will be made soon, said the person, asking not to be named because the discussions are private. Parnes, who joined the Deutsche Bank in 2008 as CEO for Brazil, also worked as CEO in the country for Merrill Lynch and for Banco Bradesco BBI SA. He was a wealth manager for billionaire Joseph Safra.

Ex-BofA Fixed-Income Electronic Sales Head Grillo Joins OpenDoor

Deutsche Bank Latin America CEO Said Planning to Leave Firm

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