Citadel I-Banking Co-Chief Quits

May 11 2011 | 12:10pm ET

The co-head of investment banking at Citadel Investment Group has left the firm, the latest in an impressive string of high-level departures from the unit.

Craig Stine resigned this week, less than two years after joining the Chicago-based hedge fund giant from Citigroup, reports Bloomberg News. His exit follows that in December of credit markets chief Chris Boas, equity derivatives head Brad Kurtzman and leveraged finance head Carl Mayer.

Tim Devine, a banker who worked with Stine at both Citadel and Citi, has also left.

Stine's is the 10th high-level departure from Citadel Securities in less than two years.

Stine took over, along with Brian Maier, the investment banking division after another top executive, Todd Kaplan, quit in January 2010.

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