Institutional Sales Chief Latest To Leave Citadel Securities

Oct 26 2010 | 3:25am ET

The high-level exits from Citadel Investment Group's nascent investment bank have become so numerous, one Wall Street giant can claim four alumni among the departed over the past twelve months.

The latest to leave Citadel Securities is Brennan Warble, who served as head of institutional sales. He is the fourth Merrill Lynch veteran to depart in the past year, following the exits of equity derivatives co-head James Boyle, head of investment banking Todd Kaplan, and Rohit D'Souza, who led Citadel Securities.

Warble left the Chicago-based firm yesterday after less than two years on the job. He has been replaced by Brad Kurtzman and Chris Boas, the heads of equity derivatives and credit markets, respectively.

Warble's departure follows the dozen layoffs of sales and trading staff at Citadel Securities last week.

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