Friday, 29 July 2016
Last updated 1 hour ago
May 26 2010 | 10:40am ET
Citadel Investment Group has lost yet another top executive, although this time it’s not from the hedge fund giant’s investment banking unit.
Craig Mohan, who head Citadel’s global infrastructure business, is joining the CME Group. As at Citadel, where he oversaw the firm’s co-location and data center, Mohan will lead CME’s new co-location and hosting business, which is due to come online in 2012.
Citadel and CME have had a close working relationship in recent years, which included ill-fated plans for a credit derivatives clearinghouse.
In recent months, Citadel Securities, which Citadel founder Kenneth Griffin hopes to turn into a full-service investment bank, has been hit with a rash of top-level departures, many reportedly due to disagreements with Griffin himself. The unit has lost its first two leaders, Rohit D’Souza and Patrick Edsparr, as well as the exits of its investment banking, institutional trading and convertible bond chiefs.