WEST PALM BEACH, FL (HEDGECO.NET) – Citadel Investment Group has announced the recruitment of Matt Andresen, the former Chief Executive Officer of Island ECN. According to the released news, Andresenwill be working with the executive team, in charge of the firms �market-making businesses.� He will be posted to Citadel Derivatives Group, L.L.C., a subsidiary of Citadel Group based in Chicago,according to the statement.
Mr. Andresen was also a former Chief Operating Officer of Instinet, and served as the head of global trading at Sanford C. Bernstein & Co, according to published reports. Andresen graduated from Duke University.
In his comment about the recruitment of Andresen, Ken Griffin, Citadel’s founder and CEO said, �We are excited to have Matt join our team. He brings a tremendous wealth of experience and knowledge to our firm. Over the past two years we have built one of the leading options market-making businesses in the world. We look forward to having Matt play an integral role in expanding our reach and deepening our relationships with the major exchanges, and the leading US brokerage firms�.
Citadel Investment Group started in super-trader Ken Griffin�s Harvard dorm room in 1987. According to company documents, the asset manager has become one of the world�s largest hedge funds, accounting for approximately 1% of all trading activity in New York, London, and Tokyo every day. Citadel currently manages nearly US $10 billion for a wide range of investors; the firm currently employs 15 separate strategies.
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