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, reportsĀ 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.


In Depth

Exotic Assets: Investing In Rare Violins

Jan 17 2017 | 4:43pm ET

By definition, alternative investments include exotic assets far beyond your typical...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Trump Administration: What It Could Mean for Carried Interest

Jan 19 2017 | 5:25pm ET

The arrival of the Trump administration brings the potential for a repeal of the...