Friday, 26 December 2014
Last updated 1 day ago
Jul 3 2014 | 7:21am ET
A top Citigroup derivatives executive will leave the bank to become head of a hedge fund’s market-making business.
Simon Yates has been named CEO of Two Sigma Securities, that firm’s owner, Two Sigma Investments, said. The $20 billion hedge fund said Yates was “a leader with deep expertise in markets and risk management.”
Yates had been head of equity derivatives at Citi since 2012, having previously worked at Credit Suisse Group and JPMorgan Chase.
Two Sigma Securities runs an electronic-trading platform.
Yates’ exit for Two Sigma is the second major loss to a hedge fund for the Citi equities division this year, following the departure of global head of equities trading Michael Pringle for Moore Capital Management in May.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.