Ex-Citadel Derivatives Chief To Citi

Apr 13 2011 | 11:44am ET

Brad Kurtzman, one of the veritable army of top executives to have left Citadel Investment Group over the past year-and-a-half, has landed at Citigroup.

Kurtzman was named head of U.S. equity derivates trading at the investment bank. He started earlier this month, Bloomberg News reports.

Kurtzman was head of equity derivatives at Citadel Securities, the hedge fund giant's investment-banking unit, before his departure in January. His exit, along with two others that month, brought to at least nine the number of top executives to have left Citadel since late 2009, with the Securities division being particularly hard-hit.

His exit came just months after Kurtzman was named derivatives head and co-head of institutional sales following the exit of Brennan Warble in October. His co-head, Chris Boas, also quit in January.

Kurtzman worked at Citadel's hedge fund unit from 2006 though 2009, when he joined the investment bank. He formerly worked at Merrill Lynch.


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