Citadel Securities, a unit of Citadel LLC in Chicago, has fired about 10 percent of its staff.
Ken Griffin, the billionaire hedge- fund manager who’s captured almost 20 percent of trading in equity options through his market-making business, is taking aim at the global swaps industry.
Jamey Thompson, co-head of Citadel LLC’s global credit group, is leaving the $15 billion hedge-fund firm after five years.
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.
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.
Two Goldman Sachs Group Inc. managing directors are leaving for Citadel LLC, joining the migration of traders leaving Wall Street banks for hedge funds as lenders pull back from riskier businesses.
"Citadel does not have, and never has had, an' insider trading group."
- Katie Spring on Jul 25, 2013