Steve Wood, the longtime Banc Of America Securities financial markets economist and managing director, has left the firm to join online start-up Financial Oxygen, a newly launched electronic bond trading and portfolio management firm, as head of its economic advisory service, according to Chris Nichols, director of content. Wood, who will report to CEO Robert Oxenburgh, is to be responsible for developing economic commentary on data releases and Treasury market movements, as well as possible Federal Reserve movements. Wood joined approximately three weeks ago. His analysis will be offered as part of the analytics package at Financial Oxygen, which is aiming to be an online, one-stop transaction, pricing and analytics site for "middle-market" banks and thrifts that have investment portfolios between $50 million and $1 billion. A B of A spokesman confirmed his departure, declining further comment.
E-Network Lands B of A Econ