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From The Rumormill: Major Departure At Citadel - Head Of Institutional Markets Peter Santoro Is Out
Peter Santoro, Managing Director and Head of Institutional Markets at somehow still troubled hedge fund Citadel, has left for greener pastures, according to our rumor bag. One hopes it is not to join another former Citadel specialist, Misha Malyshev, former head of quant trading at the Chicago fund, who also bolted earlier this year and is currently embroiled in litigation with his former mothership. The departure of such a high profile trader right before bonus season is very suspect to say the least. In other news, Citadel is well on its way to becoming Jefferies-lite, after the "hedge fund" is close to finalizing the terms of the Targa Resources $150 million TL A and $550 million TL B.
From a cached version of Citadel's website:
Peter Santoro is Head of Institutional Markets. Prior to joining Citadel in 2008, Mr. Santoro served at Citigroup Global Markets Inc., most recently as Global Head of Equity Trading. Previously, Mr. Santoro served as President and CEO of Knight Financial Products, a listed derivative trading and options order routing business that was sold to Citigroup in 2004. Mr. Santoro started his career as a foreign exchange derivative trader at Swiss Bank Corporation (SBC). While at SBC and later UBS, he worked on or managed trading teams in Philadelphia, Chicago, Singapore, London, and Stamford, Connecticut.
Mr. Santoro graduated with a bachelor’s degree from MIT.
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I worked for Pete at Citi/Knight. I wouldn't fear for him, he is an extraordinarily bright guy, one of the best I have ever worked for- he will land on his feet if he hasn't already. Interesting to see his name headlining an article, I guess I shouldn't be surprised though...
Second that. Incredibly Bright.
What does Jefferies-lite mean?
HMMM. Suspect indeed. What exposure do they have to Dubai ? Or did they just zig when they should have zagged?
Oh my what a handsome man ;)