Citadel Adds JPMorgan’s King In Securitization Post

May 28 2008 | 2:00am ET

With its acquisition of Bear Stearns set to close this week, JPMorgan is losing another member of its investment banking management committee, this one to a major hedge fund.

Bill King will join Chicago-based Citadel Investment Group as its first head of securitized products. At JPMorgan, he served as co-head of global securitized products, a post he has shared with Bear Stearns’ Mike Nierenberg, who will now run the group on his own.

King joins former vice chairmen and former management committee members Jeff Mayer and Craig Overlander at the exit. Mayer and Overlander handed in their resignations last week.

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    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…