Thursday, 26 May 2016
Last updated 8 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.