Jamil Nazarali and Matt Cushman, two former Knight Capital Group executives, will join Citadel in September to lead a new effort in quantitative trading at the $11 billion hedge fund. Nazarali spent 11 years at Knight, where he ran its electronic trading business globally. Cushman ran Knight’s quantitative strategies during his nine years there. At the Chicago-based Citadel, they will work with groups across the firm, including equities, currencies and high- frequency trading. The two resigned from Knight in February. They report to Kenneth C. Griffin, Citadel’s founder and chief executive.
Mike Pringle was tapped by Citigroup as its global head of equities trading, a new position. Pringle, based in London, is responsible for all trading personnel, risk and capital commitment worldwide. He had been in charge of equities for Europe, the Middle East and Africa (EMEA) at Citi since 2009. Pringle reports to Derek Bandeen, who is in charge of equities.
Joel Steinmetz joins Citadel Securities as head of electronic trading in New York. Steinmetz, who spent 13 years at Instinet earlier in his career, was previously head of sales at Liquidnet, where he spent more than two years. Before that, he worked at Citi and Lava Trading.
Frederic E. Mason joins J.P. Morgan Asset Management in New York as an executive director. Mason, a 20-year veteran, was previously head trader at Highland Capital Management, a $25 billion global macro multi-asset investment manager. Before joining Highland in 2007, Mason was a managing director in equity trading at Babson Capital Management, where he traded equities options, futures and commodities. Mason is a former president of the Boston Security Traders Association and is a member of the National Association of Investment Professionals.
Eric Shattenkirk joins Citigroup’s transition management team in New York as a transition specialist focusing on exchange traded funds and strategy development. He was previously with the bank’s global program trading group. Shattenkirk reports to Greg Sutton, head of program trading.
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