Business Express is an online portal that covers the latest developments in the world of business and finance. From startups and entrepreneurship to mergers and acquisitions, Business Express provides reporting on the stories that matter most to business leaders and decision-makers.The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.
2023 03 17T051605Z 1 LYNXMPEJ2G04D RTROPTP 4 CITADEL FUNDING
2023 03 17T051605Z 1 LYNXMPEJ2G04D RTROPTP 4 CITADEL FUNDING

Citadel accelerates hiring push in Hong Kong and London


By Summer Zhen

HONG KONG (Reuters) – Miami-based Citadel has kicked off 2023 with multiple senior hires in London and Hong Kong to beef up its international equities team, after the firm became the world’s most profitable hedge fund in 2022, profile updates on LinkedIn show.

At least five veteran investment and operational professionals recently joined the non-U.S. equity investment team under the $57 billion hedge fund titan run by billionaire Ken Griffin.

Julian Ulmer joined Citadel’s Hong Kong office in March from Lighthouse Investment Partners to take a newly created role as head of Asia Equities Business Development, overseeing equities talent strategy in the region and day-to-day operations.

He previously worked as head of Asian Research of Florida-based hedge fund giant Lighthouse for more than seven years.

After working for UBS investment bank for more than 16 years, Keith Donan also moved to Citadel in Hong Kong this month as a senior trader.

Citadel’s international equities team is a multi-manager business focusing on opportunities in Europe and Asia. Led by Sean Salji in London, the team has over 80 investment professionals in London, Hong Kong, Singapore and Paris.

The three new senior hires in London are Shang Liew from Lansdowne Partners, Cyrill Sourski from Davidson Kempner Capital Management, and Josh Nathan from Palantir Technologies, a data analytics company. Shang and Sourski joined as equity analysts while Nathan was appointed director of operations.

Don't miss out on any breaking news or insightful opinions!
Subscribe to our free newsletter and stay updated on the go!


By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email.

All five new hires updated their LinkedIn pages with new roles. A spokesperson for Citadel declined to comment.

The overseas team expansion comes as the U.S. hedge fund made a record-breaking $16 billion gain last year despite turmoil in global financial markets – the biggest profit ever earned by a hedge fund.

Its flagship multi-strategy Wellington fund returned 38.1%, compared to a 20% loss of S&P 500.

Wellington fund gained 2.8% as of February this year while its equities fund grew 2.4% and global fixed income up 1.6%, according to a person familiar with the returns.

Citadel returned about $7 billion in profits to its investors in the first week of January.

 

(Reporting by Summer Zhen; Editing by Sonali Paul)

 

Recent Post: