BNET Industries
Last Fiscal Year Sales:$36.1M
- Private
- US
Dow Jones Description
Citadel is a leading global financial institution focused on alternative investment strategies and services. The Citadel group of companies employs 1,200 professionals worldwide in Chicago, New York City, San Francisco, Bermuda, London, Hong Kong and Tokyo.
President & Chief Executive Officer
Kenneth C. GriffinNumber of Employees 1,200
Contact Information
131 South Dearborn Street
Chicago, Illinois 60603
(312) 395-2100
Peer Companies
NAICS Code Portfolio Management: 523920
Recent Events
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Hedge-Fund King Under Siege
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Astor Group Expands Healthcare Practice With Hiring of Chris Dimitropoulos
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Hedge fund "king" Griffin rebounding from losses - WSJ
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Report: Head of Citadel Securities leaving
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Ex-Citadel Managers to Launch Own Firm: Report
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UPDATE-1-Citadel lawyers seek to halt Teza business
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Citadel Lawyers Call Teza a 'Pirate Ship'
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Citadel earned about $1 billion from high frequency trades: report
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Citadel lets some clients exit as funds thrive
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Citadel sues new firm Teza over non-compete clause
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E*Trade ETFC Looks To Citadel To Shore Up Its Financial Position
News & Analysis
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citadel investment group llc and citadel security software - All News and Analysis
Citadel Appoints Head of Securitized Products
- 2008-05-28
Bill King to join Citadel from JPMorgan
Citadel Appoints Head of U.S. Fixed Income Business
- 2008-04-23
Derek Kaufman to join Citadel from JPMorgan Chase & Co.
Citadel Appoints Kaveh Alamouti as Senior Managing Director to Launch Global Macro Investment Business
- 2008-03-11
CHICAGO -- Citadel Investment Group, L.L.C. today announced the appointment of Kaveh Alamouti as Senior Managing Director. Mr. Alamouti will be responsible for Citadel's soon-to-be-launched multi-strategy macro investment business and will lead a team to develop and launch new alternative investment strategies.
Citadel Assumes Control of Majority of Sowood Capital Positions
- 2007-07-30
CHICAGO -- Citadel Investment Group, L.L.C., one of the world's leading financial institutions focused on alternative asset management strategies, today announced it has reached agreement to assume Sowood Capital's Credit Portfolio.
Citadel Completes Tender Offer for Shares of ION Media
- 2007-06-18
CHICAGO -- CIG Media LLC and other affiliates of Citadel Investment Group, L.L.C. today announced the completion of the subsequent offering period of their tender offer for any and all outstanding shares of Class A common stock of ION Media Networks, Inc. (AMEX: ION) at a price of $1.46 net...
New hedge play: back-office biz; Funds clamor for support services; Citadel steps in.(News)(Citadel Investment Group L.L.C.)
- 2007-03-12
Byline: STEVEN R. STRAHLER The hedge fund industry's explosive growth has spilled over to local players catering to the boom: firms that handle the paperwork and track the cash. But competition for this back-office work is growing as Citadel Inves Byline: STEVEN R....
China Shen Zhou Mining & Resources Signed a $28.0 Million Financing Term Sheet and Agreement with Citadel Investment Group
- 2006-11-20
BEIJING -- China Shen Zhou Mining & Resources, Inc. (OTCBB:CSZM) today announced that it has signed a financing term sheet and agreement for a US$28.0 million financing with Citadel Equity Fund Ltd. ("Citadel"). Subject to completion of satisfactory due diligence scheduled for completion by December 10, 2006, the agreement calls...
ATD Names Tim Brennan Executive Vice President of Equity Options; Former Morgan Stanley and Citadel Investment Group Executive to Lead Options Market Making Business
- 2006-03-29
MT. PLEASANT, S.C. -- Automated Trading Desk, LLC ATD, a pioneer of automated trading technology, today announced the appointment of Tim Brennan as Executive Vice President of Equity Options. He will be responsible for developing and building an automated options market maker for ATD.
Citadel unloads technology jobs; Outsourcing cuts hedge fund's head count 18%.(Citadel Investment Group L.L.C. layoffs)
- 2005-12-19
Byline: KATE RYAN Citadel Investment Group let go about 200 technology staffers in the last month, reducing the hedge fund's workforce 18% to about 900. Chicago-based Citadel is outsourcing computer programming work related to its complex tradi Byline: KATE RYAN...
Philadelphia exchange makes move to expand influence; Backing from market bigwigs puts PHLX on bold new path.(Merrill Lynch and Company Inc. and Citadel Investment Group L.L.C. investments bring change n stock markets)
- 2005-08-08
Byline: Gregory Crawford While all eyes are watching Nasdaq to see if it can make a dent in the New York Stock Exchange's longstanding 80% market share in listed stock trading, the Philadelphia Stock Exchange could be the one to do it. ...
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| Kenneth C. Griffin | President & Chief Executive Officer |
| Gerald Beeson | Chief Operating Officer & Chief Financial Officer |
| Tom Miglis | Chief Information Officer |
| Adam Christian | Vice President Recruiting |
| Debbie Gollin | Vice President, Recruiting |
| Bill King | Senior Managing Director & Head, Securitized Products |
| Trish Gilbert | Managing Director, Global Talent Strategies |
| Darcy Zulpo | Director of Global Recruiting |
| Timothy Throsby | Head, Equity Derivative |
While a student at Harvard, Ken Griffin developed his first convertible bond arbitrage model and traded from his dorm room. In 1990, one year after graduation, Mr. Griffin launched Citadel as a single strategy fund. Today, Citadel and its affiliates deploy capital across multiple investment strategies. The Citadel group of companies operate in the world's major financial centers, including Chicago, New York City, London, San Francisco, Hong Kong, Tokyo and Bermuda. The firm invests across all major asset classes. Mr. Griffin is an active supporter of educational causes that drive community improvement. He serves as a Director of the Chicago Public Education Fund and is a member of the Boards of Trustees for the Art Institute of Chicago and the Museum of Contemporary Art. Mr. Griffin is a member of the World Economic Forum, the Economic Club of Chicago, and the Advisory Council for Chicago 2016, working to bring the 2016 Olympic Games to the city. Mr. Griffin received a bachelor's degree with honors from Harvard College.
| Organization | Position | Status |
|---|---|---|
| Citadel Investment Group LLC | President & Chief Executive Officer | Current |
| Citadel Investment Group LLC | Founder | Current |
| Art Institute of Chicago | Board of Trustees | Current |
| Museum of Contemporary Art | Board of Trustees | Current |
| The Chicago Public Education Fund | Board of Directors | Current |
| Eurasia Group | Advisory Board | Current |
| E*TRADE FINANCIAL Corp. | Board of Directors | Current |
| World Economic Forum | Member | Current |
| Economic Club of Chicago | Member | Current |
| Harvard College | Bachelor's Degree | Former |
Gerald personifies the Citadel success story. He joined as the firm as an accounting intern from DePaul University in 1993. Today, as Senior Managing Director and Chief Operating Officer of Citadel Investment Group, L.L.C., Gerald is responsible for a number of Citadel's businesses, including Citadel Alternative Asset Management (“CAAM”), Citadel's fund of hedge funds business; Citadel Solutions, Citadel's hedge fund administration business; and Citadel's reinsurance investments. He is also responsible for key corporate functions, including Treasury, Finance, Human Capital Development, Marketing, Investor Relations and Corporate Communications. What initially inspired Gerald to join Citadel was the opportunity to work in an entrepreneurial environment. Whereas Citadel has grown tremendously in capital, people and number of businesses throughout Gerald’s tenure, the firm has maintained its entrepreneurial spirit and is still able to move nimbly and quickly in response to new opportunities, providing employees unparalleled opportunities for growth and impact. Gerald currently serves on the Board of Directors for The Depository Trust & Clearing Corporation, the Financial Markets Working Group of the Federal Reserve Bank of Chicago and the Board of Trustees at DePaul University. He was named to Crain's Chicago Business' Forty Under Forty in 2007. Gerald received his M.B.A. from the University of Chicago and his B.S. in Commerce with concentrations in Accountancy (Honors) and Finance from DePaul University. He is also registered as a certified public accountant with the State of Illinois.
| Organization | Position | Status |
|---|---|---|
| Citadel Investment Group LLC | Chief Operating Officer & Chief Financial Officer | Current |
| The Depository Trust Company | Board of Directors | Current |
| DePaul University | Board of Trustees | Current |
| Federal Reserve Bank of Chicago | Member, Financial Markets Working Group | Current |
| Citadel Investment Group LLC | Senior Managing Director | Former |
| Citadel Investment Group LLC | Accounting Intern | Former |
| University of Chicago | MBA | Former |
| DePaul University | B.S., Commerce | Former |
| Organization | Position | Status |
|---|---|---|
| Citadel Investment Group LLC | Chief Information Officer | Current |
| Baruch College | BBA | Former |
| Organization | Position | Status |
|---|---|---|
| Citadel Investment Group LLC | Vice President Recruiting | Current |
| Organization | Position | Status |
|---|---|---|
| Citadel Investment Group LLC | Vice President, Recruiting | Current |
| Organization | Position | Status |
|---|---|---|
| Citadel Investment Group LLC | Senior Managing Director & Head, Securitized Products | Current |
| JPMorgan Chase & Co. | Co-Head, Global Securitized Products Business | Former |
| Organization | Position | Status |
|---|---|---|
| Citadel Investment Group LLC | Managing Director, Global Talent Strategies | Current |
| Organization | Position | Status |
|---|---|---|
| Citadel Investment Group LLC | Director of Global Recruiting | Current |
| Organization | Position | Status |
|---|---|---|
| Citadel Investment Group LLC | Head, Equity Derivative | Current |
Executive News
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Some Hedge Funds Still Feel Effects Of 2008 Redemptions
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Citadel Does An About-Face on E*Trade
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Citadel Backs Off Plan to Sell E*Trade Stake
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E-Trade's break
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Citadel reverses course on E-Trade share sale
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Citadel drops E-Trade sale
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Citadel drops E-Trade share sales
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Citadel scraps plan to sell E-Trade stock
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Citadel Investment Terminates E*Trade Stock Sale Plan
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Citadel Scrubs E*Trade Stock-Sale Plan
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Citadel Transfers Lehman Claims to Credit Suisse
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Citadel Cuts Name From Unit
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E*Trade CEO says Citadel trade pact unlikely
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Citadel sells chunk of E-Trade stake
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COLUMN-Citadel's E*Trade bonanza: Matthew Goldstein
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E*Trade: Citadel's Bonanza
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Citadel selling 120M shares of E-Trade
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Olympic Steel Jumps; Briggs Advances 8.1%
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Citadel Cutting E*Trade Stake
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CORRECT:Citadel Lowers E*Trade Stake,Sets Up Plan To Sell More
Industry Transcripts by Seeking Alpha
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Navios Maritime Holdings Inc. Q3 2009 Earnings Call Transcript
on Nov 18, 2009about NM
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Progressive Corp. Q3 2009 Earnings Call Transcript
on Nov 11, 2009about PGR
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Nelnet Inc. Q3 2009 Earnings Call Transcript
on Nov 10, 2009about NNI
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American Apparel Q3 2009 Earnings Call Transcript
on Nov 10, 2009about APP
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MBIA Inc. Q3 2009 Earnings Call Transcript
on Nov 10, 2009about MBI
Glass Door
Financial Services Industry Companies
| Company | Employer Rating |
| Wells Fargo |  |
| U.S. Bank |  |
| Bank of America | |
| Wachovia | |
| JPMorgan Chase | |
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