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Citadel Hires Three From Lehman

Wall Street’s loss is Citadel Investment Group’s gain: The Chicago hedge fund giant has snapped up three fixed-income veterans from bankrupt Lehman Brothers Holdings.

The latest additions in Citadel’s recent hiring spree are Alex Maddox, John Goodridge and Timothy Wilkinson. Maddox will serve as head of securitized products in Europe at the $20 billion hedge fund, while Goodrige and Wilkinson join its proprietary trading group. The trio will report to another new hire, Partik Edsparr, CEO of Citadel Europe, who joined in March from JPMorgan Chase.

All three of the new hires worked on Lehman’s European mortgage-bond trading team. Wilkinson was head of fixed-income proprietary trading, while Maddox was head of European mortgage-bond trading.

“Citadel continues to attract top talent from across the industry as we strengthen our business on a global scale,” said Edsparr. “Tim and John have a proven track record in proprietary trading. Their investment acumen, along with Alex's securitized products expertise, will further contribute to the depth and success of the firm's global fixed income business.”


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