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