Katie Spring News
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Jamey Thompson, co-head of Citadel LLC’s global credit group, is leaving the $15 billion hedge-fund firm after five years.
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Citadel Securities, a unit of Citadel LLC in Chicago, has fired about 10 percent of its staff.
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Steve Weller, co-head of Citadel LLC’s global equities group, left after more than a decade at the hedge fund run by Kenneth Griffin, according to two people familiar with the matter.
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Peter Randall, chief executive officer of Equiduct Systems Ltd., plans to leave the London- based alternative trading system after three years as shareholders weigh closing the firm, two people with knowledge of the situation said.
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Knight Capital Group Inc. faced growing pressure to find a savior as clients from Citigroup Inc. to Vanguard Group Inc. curtailed business with the firm following a software bug that triggered a $440 million loss.
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As time was running out, Knight Capital Group Inc. Chairman and Chief Executive Officer Thomas Joyce had three choices left -- accept a $500 million bailout from his biggest competitor, take an offer from a group of clients and others that would dilute owners, or go bankrupt.
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Thomas Joyce, the Knight Capital Group Inc. chief executive officer whose tenure was shaken by the firm’s $457.6 million trading loss in August, told directors he has discussed taking a job elsewhere, the Wall Street Journal said, citing people close to the negotiations.
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E*Trade Financial Corp.’s next chief executive officer could find the brokerage’s 51 percent discount to net assets isn’t enough to attract a buyer any time soon, as mortgages from the housing bubble impede a potential sale.
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Knight Capital Group Inc., one of the largest U.S. market makers, told customers they could resume sending orders after resolving an electrical outage that shut down its equities trading yesterday.
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Patrik Edsparr , chief executive officer of Citadel Investment Group LLC’s securities unit, was asked to leave the firm, seven months after Ken Griffin picked him for the position.
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