Opendoor said on Friday that it has hired Daniel Morillo to become the firm's chief investment officer.
Morillo comes from Citadel, where he was the $34 billion hedge fund firm's head of equity quantitative research for five years.Opendoor is working on closing a SPAC deal that will take the home-flipping company public. Home flipping and reselling company Opendoor announced today that it has hired Daniel Morillo, a current Citadel and former BlackRock executive, as its chief investment officer.
Morillo is currently a managing director and head of equity quantitative research at $34 billion Citadel, where he runs the hedge fund firm's equity research and analytics. A spokesperson for Citadel told Business Insider that Morillo would leave the firm at year-end, and a spokesperson for Opendoor told Business Insider he would join the firm by Jan. 1st, 2021, at the latest.
He will become Opendoor's first-ever CIO, leading the firm's pricing analytics and data science efforts. He is joining CEO Eric Wu, chief product officer Tom Willerer, CFO Carrie Wheeler, and CTO Ian Wong on the firm's executive team as they look to close a SPAC deal that will bring Opendoor public.
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