Citadel Hires Merrill Sovereign Wealth Execs.

Sep 16 2008 | 1:11pm ET

The ink on Bank of America’s deal from Merrill Lynch is not yet dry, but Citadel Investment Group is wasting no time in turning it to its advantage.

The Chicago hedge fund giants has hired a pair of Merrill executives to focus on its capital development efforts in Europe, the Middle East and North Africa, it said today. Tobias Gherke and Anita Nassar have been named co-heads of international distribution and marketing. They most recently served as co-heads of government institutional sales at Merrill.

“Tobias Gehrke and Anita Nassar have an exceptional track record when it comes to expanding a global franchise and delivering results,” Gerald Beeson, chief operating officer of Citadel, said. “They bring experience, expertise and institutional knowledge that will be critical as we continue to grow multiple businesses on an international scale.”

Prior to taking over government institutional sales, Gherke led the government institutions group at Merrill’s equities and alternative businesses, while Nassar was head of central banks and sovereign wealth funds.

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