Sunday, 29 March 2015
Last updated 2 days ago
May 25 2012 | 3:28am ET
The head of Citadel Investment Group's broker-dealer unit plans to retire from the firm.
Andrew Kolinsky will leave Citadel Execution Services next month. He's expected to be succeeded as the group's president by Jamil Nazarali, a senior managing director at the firm.
Kolinsky's exit—the latest in a several-years-long string of high-profile departures from Citadel—has nothing to do with Citadel's Facebook trading fiasco, which cost Kolinsky's unit some $35 million, Dow Jones Newswires reports. Instead, the transition has been planned for some time, with Kolinsky expected to stay on until the middle of next month.
Nazarali was a senior trader with Knight Capital Group—also burned by glitches in Facebook's Friday initial public offering—before moving to Citadel.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…