Friday, 19 September 2014
Last updated 5 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.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.