Citadel replaces Boyle with Kurtzman, plans layoffs
|October 21st, 2010||
|After the departure of James Boyle, Citadel LLC has named Brad Kurtzman the head of the firm’s equity derivatives in its securities unit. According to Bloomberg, Mr. Boyle now joins the list of former Merrill Lynch executives to depart Citadel, after Todd Kaplan and Rohit D’Souza both left the firm earlier this year. Mr. Boyle joined Citadel after leaving Bank of America Corp., where he led the equity derivatives trading unit. Mr. Kurtzman, who worked with Mr. Boyle, also came to Citadel from Bank of America, after working for eight years at Merrill Lynch.|
Citadel Investment Group, which currently manages $11 billion, was founded in 1990 by Kenneth Griffin. Mr. Griffin started the Citadel Securities unit in 2008, and the unit plans to lay off 12 employees in trading and sales this week.
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