Citadel Convertible Bond Chief Quits

Apr 12 2010 | 7:58am ET

The head of convertible bonds at Citadel Investment Group is retiring from the hedge fund giant.
Brad Begle will leave the $12.5 billion firm at the end of the month. Citadel announced his retirement to investors last month, Bloomberg News reports.

Ryan Garino and David Grossman will succeed Begle. The duo currently head Citadel’s convertible strategy. Garino has been at Citadel since 2003, while Grossman joined a year later from Deutsche Bank.

The 38-year-old Begle did two stints with Citadel, heading its Japanese convertible bond business for three years before joining Toronto-Dominion Bank in 1997. His second go-around with Citadel began in 2001.

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