Sunday, 23 November 2014
Last updated 2 days ago
Jan 19 2010 | 1:04pm ET
The transition from hedge fund giant to financial services giant has not been smooth for Citadel Investment Group. The Chicago-based firm continues to lose top executives from its nascent investment banking unit even as it aggressively recruits fresh blood for the same business.
The latest casualty at Citadel Securities is the head of said investment banking business, Todd Kaplan, who resigned from the firm last week after less than nine months on the job. Kaplan’s exit follows those of former Citadel Securities president Rohit D’Souza in October and former institutional trading head Peter Santoro last month.
As he did when D’Souza resigned, Citadel Europe chief Patrik Edsparr, will step into Kaplan’s shoes. Citadel’s investment banking leaders will now report to Edsparr, who is also global CEO of Citadel Securities.
It is unclear why Kaplan, a former head of global leveraged finance at Merrill Lynch, chose to leave Citadel.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...