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Citadel Investment Banking Chief Quits Suddenly
October 30, 2009
After just a year running the hedge fund’s nascent investment bank, Rohit D’Souza has left Citadel Investment Group.
D’Souza, the former head of equity sales and trading at Merrill Lynch, will be succeeded at Citadel Securities by Patrick Edsparr, president of Citadel Europe. Citadel would not say why D’Souza left the firm so suddenly.
In his year at the Chicago-based firm, D’Souza hired about 70 bankers and traders. Ironically, his departure yesterday came on the same day as Bloomberg News ran a long profile of D’Souza, which may offer some insights into why he left the firm. According to Bloomberg, D’Souza may have been too “methodical” for Citadel founder Kenneth Griffin. Reuters reports that Citadel wanted a strong operator to head the securities business going forward.
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