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

Q&A: TCA Fund Management's Bob Press on Small-Cap Private Equity

Aug 25 2016 | 8:55pm ET

The emergence of private credit as a replacement for traditional bank financing...

Lifestyle

Kiawah: Island Reversal

Aug 24 2016 | 9:59pm ET

Looking for real estate investments but the typical real estate fare isn’t cutting...

Guest Contributor

Old Hill Partners: Embrace Illiquidity

Aug 9 2016 | 2:39pm ET

The age-old financial concept that higher yields are the result of higher risk and...