Sunday, 29 March 2015
Last updated 1 day ago
May 4 2010 | 1:32pm ET
The revolving door at Citadel Investment Group’s investment-banking unit continues to spin with the exit of the unit’s global CEO.
Patrick Edsparr was “let go” from the firm last week, The Wall Street Journal reports. In an increasingly familiar tale told about now former executives at Citadel’s banking unit, Edsparr and Citadel chief Kenneth Griffin reportedly didn’t “see eye to eye,” so Griffin asked him to leave.
Edsparr, who joined Citadel in 2008 from JPMorgan Chase as CEO of Citadel Europe and head of its global fixed-income business, has told associates that he was leaving the firm in recent days. He took over as global CEO of Citadel Securities in October after the group’s president, Rohit D’Souza, resigned. Disagreements between D’Souza and Griffin were blamed for his exit.
In recent months, as executive after executive has left Citadel, Edsparr has seen his responsibilities grow. In January, he took over from investment banking chief Todd Kaplan, who resigned after less than nine months on the job.
Citadel has also bid farewell to institutional trading head Peter Santoro and convertible bond chief Brad Begle in recent months.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…