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OpenDoor hires Michael Paulus to expand central bank footprint

First Published 15th September 2016

JPMorgan Banker joins two new hires in past month for treasury platform.

Jersey City, NJ - OpenDoor Securities, a platform specifically designed to improve liquidity in the U.S. Treasury bond markets, has appointed Michael Paulus as Senior Managing Director. Paulus joins OpenDoor's team as it prepares for its platform launch in Q4 2016. He will report directly to President Rob Grillo.

Most recently, Paulus was the Managing Director and Head of Public Sector for JPMorgan in Hong Kong. Prior to joining JPMorgan, Paulus held positions at HSBC and Citigroup in Hong Kong and London.

In January 2000, Paulus was appointed by President Clinton as the Deputy Assistant Secretary for Federal Finance at the U.S. Treasury Department. He also served as the Vice Chairman, and Acting Chairman, of the Steering Committee of the President's Working Group on Financial Markets. The Bush Administration asked him to remain with the Treasury Department to help with the transition following the 2000 elections.

OpenDoor has also added two other individuals to its staff. Matt Corsaro has been hired as a Director of Sales. Corsaro joins OpenDoor from Tradeweb, where he managed MBS and US Treasury relationships. He also held trading roles at Bear Stearns and Prudential.

Kam Hing Wong joins OpenDoor as VP STP & Trade Support. Most recently Kam supported Deutsche Bank's Future & Option FIX execution offering, where he was responsible for client connectivity, support and certification, and system integration and engineering for OMS-related projects.