Thursday, 18 December 2014
Last updated 7 hours 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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.