Saturday, 25 February 2017
Last updated 4 hours ago
Jan 24 2008 | 8:26am ET
Citigroup’s alternative investments division has added a Morgan Stanley veteran to head up its quantitative strategies group.
Shakil Ahmed is the latest Morgan alumnus to join Citi Alternative Investments, headed by former Morgan colleague John Havens. He’ll oversee quantitative strategies across all asset classes in his new post.
At Morgan Stanley, Ahmed was a senior institutional securities adviser, leading the process-driven trading group.
The upper echelons of Citigroup are increasingly filled with people who cut their teeth at Morgan Stanley. In addition to Havens, they include Citi CEO Vikram Pandit and Guru Ramakrishnan, now CEO of Old Lane, the hedge fund founded by the three men and acquired by Citi last year.
The firm has also recently acquired a pair of hedge funds, Metalmark Capital and Carlton Hill Global Capital, which were founded and run by Morgan Stanley veterans.