Co-Founder, President, and CEO, OpenDoor Securities Ms. Susan Estes is a chief executive with exceptional depth and understanding of the fixed income markets. She has over 30 years of experience trading U.S. Treasuries and related fixed-income products; the majority spent on starting, developing and managing domestic and international high-quality rates operations and related businesses for large financial institutions including Morgan Stanley and Deutsche Bank, as well as start-ups. Susan is a past member of the Treasury Borrowing Advisory Committee (TBAC), a Federal Advisory Committee. The TBAC meets quarterly with Treasury to provide advice on funding requirements and separately with the Federal Reserve Board of Governors to address topical market issues. Previously served as a Member of the Board of the Securities Industry and Financial Markets Association (SIFMA), a leading financial industry trade group whose mission is to promote effective and efficient regulation, facilitate more open, competitive, and efficient global capital markets. Formerly Chaired the Government and Agency Division of the Bond Market Association, now SIFMA.