"Citigroup Inc. and Bank of America Corp. have teamed up with five other banks to form Octaura Holdings, an electronic trading platform for syndicated loans and collateralized loan obligations.
Brian Bejile, a longtime trading executive with Citigroup, was tapped as chief executive officer of the independent company, according to a statement. Credit Suisse Group AG, Goldman Sachs Group Inc., JPMorgan Chase & Co., Morgan Stanley and Wells Fargo & Co. -- along with Moody’s Analytics -- are also founding institutions of the firm."
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