Hedge fund Citadel and market maker Citadel Securities have doubled their combined headcount in Europe to roughly 750 since the start of 2019, according to a report by Bloomberg.
The report cites a spokesman for the company as confirming that London, with about 700 staff, remains Citadel’s biggest European hub but that its centres in both Dublin and Zurich are also expanding. Citadel’s office in Paris is also reported to be on the actively searching for new talent.
Citadel, headed by billionaire investor Ken Griffin, currently employs about 4,200 people globally and is benefiting from the recent trend of trading talent migrating from smaller single-strategy managers to big-name multi-strategy firms.
Rivals including Millennium Management and BlueCrest Capital Management are both reportedly adding to their trading too as they look to capitalise on the opportunities presented by the return of volatility across asset classes and the end of central bank quantitative easing.
London remains Citadel’s biggest hub in Europe with about 700 staff. Employees at centres such as Dublin and Zurich are also growing, with Paris the latest office actively scouting for talent. Recent hires at Citadel’s hedge fund and market making division in tech French capita include Bank of America’s Julien Gaubert and Credit Agricole’s Jean-Francois Perrin.
Citadel Securities has also add Omar Gzouli, was previously at Rokos Capital Management