OpenDoor Securities LLC, a US-based marketplace provider for illiquid US Treasuries, revealed the appointment of a new senior-level executive on its official LinkedIn page recently.
As per the announcement made by the firm, it has onboarded Mr. Carson Wong to serve as its Chief Technology Officer effective immediately. The incoming executive is a veteran with more than two decades of experience in the financial services industry and is an expert in information and technology verticals.
Carson spent the majority of his multi-decade long career serving under Fidelity Investments and served in Senior Vice President and Chief Information Officer roles. In his new role as Chief Technology Officer, Carson will be working closely alongside Ms. Susan Estes – Co-Founder and Chief Executive Officer of the firm to help drive the product vision and roadmap for the company.
It should also be noted that he will serve in the role as Chief of Technology in co-capacity alongside Mr. Michael Sacks until Mr. Sacks scheduled departure in April 2020 in order to ensure a smooth transition of power control and hassle-free completion of existing projects.
Mr. Sacks joined the firm back in September of 2013 and has been a part of the OpenDoor family for more than six years now. However, the statement failed to mention any details on Mr. Sacks’ future ventures post the completion of his term with the firm.
To those hearing about the firm for the first time, OpenDoor Securities LLC is the first all to all continuous order book for less liquid US Treasuries, and most recently, the firm launched the continuous order book service for Off The Run US Treasuries and TIPS earlier this year.
Commenting on Mr. Wong’s appointment, Ms. Estes said, “Michael has been an integral part of OpenDoor’s success. His unwavering dedication and commitment to the company and the platform established the foundation we will continue to build on in the years to come. We wish him nothing but the best in his retirement”.
Speaking about his new role with the firm, Mr. Wong said, “For the last few years, OpenDoor has carved out an important spot in the US Treasury market, addressing both the technology and structural issues that this market has been facing for decades. I’m excited to be joining the team during such a time of rapid growth for both the company and the industry”.