Citadel Securities has seen a spate of hirings on its credit trading teams in January 2024, supporting its expansion into the corporate bond space in the US.
Within these hires, Citadel saw senior credit trader Vishnu Murthy join from HSBC at the end of last year, along with David Moe from Morgan Stanley and Zack Siam from Deutsche Bank both to cover investment grade trading.
In October 2023, Erin Pomerantz was moved from chief operations officer (COO) in rates to head up Citadel Securities’ credit trading operations as COO.
The expansion of its business approach has been widely welcomed by buy-side firms who are keen to see greater engagement from liquidity providers in the corporate bond market, particularly with the threat of increased capital costs which may limit investment banks’ market making capabilities in the near future.
©Markets Media Europe 2023
