Citadel Hires BofA’s de Pass to Oversee Treasuries Trading

Updated on
  • Market-making arm will begin trading off-the-run securities
  • Customers are looking for sustainable liquidity, says Hamill

Citadel Securities hired Michael de Pass, a former trader at Bank of America Corp., to head Treasuries trading in a further expansion into the $13.5 trillion market for U.S. debt.

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