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Article: Citadel Expands into Investment Banking
- Article from:
- Reuters Hedgeworld
- Article date:
- May 1, 2009
- Author:
CopyrightCopyright 2009 Reuters Hedgeworld. Provided by ProQuest LLC. (Hide copyright information)
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CHICAGO (Reuters) - Citadel Investment Group is expanding into
investment banking and has hired three former Merrill Lynch
executives to anchor the new operation, the firm announced on
Friday.
Citadel, the U.S. hedge fund founded by Kenneth Griffin,
recruited leveraged finance specialist Todd Kaplan to be at the helm
of the new division. Mr. Kaplan joined in March.
Citadel wants to establish a fully integrated financial platform
with services spanning investment banking, institutional sales and
trading. Mr. Kaplan will report to Rohit D'Souza, chief executive of
Citadel Securities.
"By bringing Todd to Citadel Securities to head up our banking
effort, we are executing our strategy of ...