Citadel Vet To Saxo

Jan 13 2014 | 9:38am ET

A former executive at Citadel Investment Group's banking unit has joined Denmark's Saxo Bank.

Matteo Cassina served as president of Citadel Execution Services Europe until a year-and-a-half ago, leaving the troubled unit of the hedge fund giant after four years. He is charged with building Saxo's institutional business and will be based in London.

Cassina worked at Goldman Sachs, Merrill Lynch and BNP Paribas before moving to Citadel in 2008.

"The appointment of a global head of institutional business is a major step for Saxo Bank," co-CEOs Lars Seier Christensen and Kim Fournais said. "We are approaching the tipping point where traditional players with old mainframe infrastructures are becoming less competitive. Saxo's cloud-based solution is disrupting the old ways of doing business in the same way that we have seen technology radically change other industries."


In Depth

Q&A: Quad Advisors’ Borish Is Looking For Real Traders, Not Index Huggers

Aug 20 2014 | 1:43pm ET

Peter Borish, who served as founding partner and director of research at Tudor Investment...

Lifestyle

Viking Manager In Rent Dispute

Aug 11 2014 | 4:14am ET

A hedge fund manager is demanding most of his money back from his former landlord...

Guest Contributor

Majority Of Inflows Go To Brand Name Hedge Funds

Aug 12 2014 | 9:00am ET

Since the market correction of 2008, a vast majority of hedge fund net asset flows...

 

Editor's Note

 

Futures Magazine

PREVIEW July/August 2014 Cover

Inside Futures' 500th Issue

The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.

The Alpha Pages

TAP July/August 2014 Cover

Real talk on alternative investments, business & finance

The Alpha Pages Editor's Note