Citadel Execution President To Retire In June

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.


In Depth

bfinance: Fees Falling Across Asset Classes, Yet Overall Investor Costs Still Climbing

May 16 2017 | 9:53pm ET

Despite unprecedented attention on fees, new research from investment consultancy...

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

Risk-Based Compliance: Why Oversight Of Outsourcing Is Critical

May 10 2017 | 7:02pm ET

Compliance is notoriously one of the trickiest middle office functions for funds...

 

From the current issue of