Wednesday, 27 July 2016
Last updated 52 min ago
May 7 2013 | 10:56am ET
Ethan Youderian, who started his career at the Chicago-based Citadel Investment Group, has become CIO for another Windy City firm, Performance Trust Investment Advisors.
Youderian, who joined Citadel in 1994, was a managing director and senior portfolio manager responsible for the firm’s multi-billion-dollar North American convertible bond portfolio. In 2005, he joined a Chicago startup company as executive vice president, and eventually became a member of its board of directors. From 2009, Youderian was a portfolio manager/strategist for a Lake Forest, IL-based proprietary trading firm where he ran complex strategies employing corporate bonds, swaps, derivatives, currencies, equities and Treasuries.
In his new role at PTIA, Youderian will be responsible for the management of the firm's investment activities and risk oversight, along with new investment product and strategy development.
Said Doug Rothschild, PTIA president, in a statement: “We are thrilled to add someone of Ethan’s pedigree and experience to our team at PTIA. Ethan brings a vast amount of credit investing expertise that will certainly leverage and extend our existing fixed income capabilities.”
PTIA, which had over $980 million in net assets as of March 31, 2013, specializes in the credit and fixed income markets.