Citadel Strengthens Global Fixed Income Business with Senior Hires in Proprietary Trading and Securitized Products.Timothy Bryan Wilkinson, John Alexander Goodridge and Alex Maddox to Join Citadel CHICAGO -- Citadel Investment Group Citadel Investment Group is a $13.4 billion [1] hedge fund based in Chicago, Illinois, founded by billionaire trader Kenneth C. Griffin. It is one of the world's largest hedge funds. , L.L.C. today announced three senior hires that will further expand the firm's capabilities in the global fixed income business. Timothy Bryan Wilkinson, a former head of fixed income proprietary trading Proprietary Trading When a firm trades for direct gain instead of commission dollars. Essentially, the firm has decided to profit from the market rather than commissions from processing trades. at Lehman Brothers, will join Citadel's proprietary trading group along with John Alexander Goodridge, also from Lehman. Alex Maddox will join Citadel as Head of Securitized Products in Europe. They will report to Patrik Edsparr, Head of Global Fixed Income and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Citadel Europe. "Citadel continues to attract top talent from across the industry as we strengthen our business on a global scale," Mr. Edsparr said. "Tim and John have a proven track record in proprietary trading. Their investment acumen, along with Alex's securitized products expertise, will further contribute to the depth and success of the firm's global fixed income business." Prior to heading FID Proprietary Trading at Lehman, Mr. Wilkinson served as a European bond option and short swaption Swaption Options on interest rate swaps. The buyer of a swaption has the right to enter into an interest rate swap agreement by some specified date in the future. The swaption agreement will specify whether the buyer of the swaption will be a fixed-rate receiver or a fixed-rate market maker at Merrill Lynch. He has an MS degree in computer science from Imperial College London History Imperial College was founded in 1907, with the merger of the City and Guilds College, the Royal School of Mines and the Royal College of Science (all of which had been founded between 1845 and 1878) with these entities continuing to exist as "constituent colleges". and a BS degree in mathematics from Bristol University. Mr. Goodridge most recently served as a senior proprietary trader at Lehman. Prior to that, he worked at Shooter Fund Management as a senior fund manager. Mr. Maddox served with Lehman in London for 14 years, most recently as Managing Director of Securitized Products Trading. Mr. Maddox established Lehman's mortgage trading desk, and had served as Head of Residential Mortgage, ABS and CMBS CMBS See: Commercial Mortgage Backed Securities Trading and Risk for Europe. Mr. Maddox earned an MS degree in engineering science from Oxford University and also served as a Director, Head of Credit Derivatives Trading at Greenwich Natwest. About Citadel Investment Group, L.L.C. Citadel is a leading global financial institution focused on alternative investment strategies and services. The Citadel group of companies employs 1,300 professionals worldwide in Chicago, London, New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , Hong Kong, Tokyo, San Francisco and Bermuda. |
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