Ken Griffin's multi-strategy hedge fund major Citadel has made a high-profile hire with the appointment of Nabeel Bhanji, a partner from Elliott Investment Management, in what is one of the biggest hedge fund moves of the year, according to a report by Bloomberg.

The report cites an internal memo at Elliott, reviewed by Bloomberg, as confirming that London-based Bhanji, 38, is departing the firm after more than a decade. A spokesperson for Citadel confirmed his hiring but did not elaborate on his role.

Elliott, in response to Bhanji’s departure, is redistributing his management and investment duties across its team. Gordon Singer, head of Elliott’s London office and son of Elliott founder Paul Singer, will oversee Bhanji’s trades, supported by Aaron Tai, who joined last year and will assist with Japanese investments, according to sources familiar with the matter.

Bhanji’s tenure at Elliott saw him contribute to high-profile deals, including Elliott’s $1bn stake in Anglo American Plc and involvement in Swedish Match AB and Rocket Internet SE. He also served as a director of Toshiba before its recent privatisation.