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West Palm Beach (HedgeCo.net) – Citadel Securities has added three former Merrill Lynch and Goldman Sachs senior investment bankers to the hedge fund company, at the same time launching Citadels Investment Banking division.
Todd Kaplan joined Citadel in March, he will assume the role of Head of Investment Banking for Citadel Securities. Brian Maier joins as Head of Industry Groups and Carl Mayer joins as Head of Leveraged Finance.
“By bringing Todd to Citadel Securities to head up our banking effort, we are executing our strategy of developing a leading, fully integrated, client-facing franchise across investment banking and institutional sales and trading," Rohit D’Souza, CEO of Citadel Securities said "Todd and his team are outstanding investment bankers with strong relationships who have experience across a broad spectrum of capital markets areas."
Commenting on the opportunities for Citadel in the marketplace, Kaplan said, "Now more than ever, corporations are looking for sound, actionable advice. With Citadel Securities’ unique set of assets, I look forward to building our investment banking operation as we provide innovative products and services to a broad group of clients in an increasingly complex environment.”
“We have the foundation of an exceptional team of esteemed banking professionals,” said D’Souza. “Together we will be able to deliver fully developed world class capabilities to meet our clients’ needs.”
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Reuters – India Church Pension Fund has invested in Future Group backed Indivision India, Advantage Partners and IDG Accel China.
The $8 billion Church Pension Fund based in New York City has roped in Eric Mason(ex-Carlyle Group), to open a new Hong Kong office, its first in Asia, reports Dow Jones.
Mason is a former JP Morgan banker and most recently headed Carlyle Group’s Asian leveraged finance team(set-up in 2007 but disbanded in November 2008 after the credit crunch hampered its ability to raise funds). He will look after all asset classes including private equity, real estate and hedge fund investments in the continent, the report said.
West Palm Beach (HedgeCo.Net)- Michael Adair, former head of sales finance for Google North America is joining Glam Media Inc, a global web-publishing network, as Vice President of Corporate Development and Finance.
“I am excited to join Glam Media’s executive team as we leverage Glam’s vertical network model that it is ripe for expansion,” said Michael Adair. “Glam’s focus on creating the right network model for display advertising makes them one of the most exciting companies in media today.”
This newly created position involves evaluation and execution of Glam Media’s strategic investments, corporate development and corporate finance. The company is backed by hedge fund GLG Partners, Accel Partners, DAG Ventures, and Information Capital among others.
While at Google, Adair directed Google’s North American sales finance team and worked closely with Google’s president of advertising and commerce. Adair helped lead the team that managed strategic acquisitions responsible for over $3.5 billion in revenue, including dMarc, YouTube and DoubleClick.
