Saturday, 1 August 2015
Last updated 15 hours ago
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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…