Wednesday, 1 April 2015
Last updated 2 hours ago
Jun 22 2010 | 12:35pm ET
Citadel Investment Group’s investment-banking unit isn’t the only part of the hedge fund giant having trouble holding on to talent. Citadel Europe has suffered six exits from its London office over the past five months.
James Anderson, Susan Arnott, Matthew Calner, Edwin Chan, Alex Maddox and Lauren Wong have all left Citadel since February, Financial News reports. Maddox, the former head of Citadel’s European securitization desk, quit last month for Deutsche Bank, where he’ll serve as head of European mortgage-backed securities. Chan has joined UBS.
The plans of the other four could not be determined, according to the Financial News.
Citadel has made a trio of hires in London since February, adding Stuart Cogen to its global treasury group, John Gerenda as a trader and Muhammad Musa. Musa was a vice president of European equities at Goldman Sachs Asset Management, while Gerenda was at Deutsche Bank.
Citadel Europe also lost its CEO last month, when Patrick Edsparr was “let go.” Edsparr also served as CEO of Citadel Securities, the firm’s investment banking unit, and, like many of his predecessors and colleagues at the I-bank, butted heads with Citadel founder Kenneth Griffin. At least five top executives have left Citadel’s banking unit in the last year.
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…