Citadel Beefs Up in Japan

Ken Griffin learned his lesson after poaching employees from Dan Loeb, and now is content to lure away folks from Goldman and Fidelity.  While we don’t know if they joined as indentured servants to Ken, you can bet they will be paid well after coming on board. He personally made a billion four last year, and can pretty much do whatever his wife signs off on.  Citadel is up to 70 employees in Asia, and about 1,000 worldwide.

Wataru Mizoguchi will join Citadel in Tokyo from Goldman, where he was a managing director, the people said, declining to be identified. Toshiya Saito, who worked with Mizoguchi on a team specializing in high-yield debt and distressed assets, joined Citadel in May, they said. It hired Yoichiro Kai from Fidelity last month as a fund manager and financial-industry analyst, the people said.

Griffin, who earned $1.4 billion last year according to Institutional Investor’s Alpha magazine, joins hedge fund managers including Nobel laureate Myron Scholes in expanding in Japan. Overseas funds are taking advantage of the longest economic expansion since World War II and a surge in takeovers to hunt for returns in the world’s second-largest economy.

Citadel Hires from Goldman, Fidelity in Japan
Bloomberg

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