Ex-Citadel Exec. Edsparr Off Nomura Board After Four Months

Jun 5 2014 | 10:28am ET

Former Citadel Investment Group executive Patrik Edsparr’s stay on Nomura International’s board was a short one, indeed.

Edsparr, a former JPMorgan Chase banker who briefly led Citadel’s investment-banking division, joined the Nomura board on Jan. 22. He stepped down as a director on May 20, less than four months later.

Edsparr did not explain his sudden departure, but it is not his first: He led Citadel Securities for less than a year, stepping down due to disagreements with Citadel founder Kenneth Griffin. Edsparr was among a series of top Citadel Securities executives to suffer short tenures at the then-struggling and non-shuttered business.

In 2012, Edparr founded a new hedge fund, Tor Investment Management, in Hong Kong with veterans of Goldman Sachs and Boyer Allan Investment Management.


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