Bloomberg.com: UK & Ireland – Citadel Investment Group LLC, the $19 billion hedge-fund firm run by Kenneth Griffin, hired three senior executives from Lehman Brothers Holdings Inc. to boost its fixed-income team.
Timothy Bryan Wilkinson, former head of fixed income proprietary trading at Lehman Brothers, will work on the same business at Citadel’s proprietary trading group along with John Alexander Goodridge, the company said in an e-mailed statement today. Alex Maddox, 38, formerly head of European mortgage-bond trading, will become Citadel’s head of securitized products in Europe. The team will report to Patrik Edsparr, Citadel’s global head of fixed income and European chief executive officer.
Banks and hedge funds are hiring Lehman executives as the bankrupt U.S. securities firm cuts 750 jobs in its European fixed income division after talks to find a buyer failed.