Citadel Investment Group has announced the appointment of Rohit D'Souza as chief executive of its capital markets business. He was most recently global head of equities and alternative investments at Merrill Lynch, responsible for all trading and sales-trading activities for cash equities, equity-linked products and strategic trading as well as the global equity financing and services businesses.
'Rohit D'Souza is an innovator and business builder who takes a collaborative and forward-thinking approach to creating broad market opportunities,' says Citadel founder and chief executive Kenneth Griffin. 'His track record of leading diverse, client-facing businesses puts us in a very strong position to evolve and grow this important platform over the near and long term.'
The Citadel group includes alongside its headline asset management business a capital markets platform that executes and routes more than 30 per cent of average US listed equity options trading volume, and more than 8 per cent of average Nasdaq and NYSE equities volume.
The capital markets platform also includes Citadel Solutions, a leading hedge fund administration business launched in 2007 that serves funds with more than USD30bn in assets under administration. Under D'Souza, the capital markets business will partner with a broad spectrum of institutions including asset managers, banks, hedge funds and technology providers.
'Citadel has built a significant and differentiated set of capital markets and technology capabilities,' D'Souza says. 'We have an opportunity to leverage these assets and create a market-leading financial services franchise that will allow our clients and partners to grow their businesses dynamically in a rapidly changing environment.'
D'Souza joined Merrill Lynch in 2004, and was a member of the firm's executive management team. He was previously head of North American equity trading at Morgan Stanley and also worked with Investment Technology Group.
Citadel is a global alternative investment manager and financial services provider employing some 1,400 professionals in Chicago, New York, San Francisco, London, Bermuda, Hong Kong and Tokyo.