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.


In Depth

Q&A: Sancus Capital And The Disruption Of The CLO Market

Oct 5 2017 | 6:28pm ET

Traditional collateralized loan obligation (CLO) funds in the U.S. market can offer...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Finding Success as Alternatives Converge

Oct 9 2017 | 4:00pm ET

Rising interest among institutional investors over the past several years has led...

 

From the current issue of