Article: Citadel Expands into Investment Banking

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 ...

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