Friday, April 18, 2008

Business: Citadel Drives International growth with another key hire

Nick Taylor to head Principal Investments for Asia and Europe

Chicago (BUSINESS WIRE) - Building upon the firm's global capabilities and expertise, Citadel Investment Group, L.L.C. today announced that Nick Taylor will join the firm as Senior Managing Director and Head of Principal Investments for Asia and Europe.

Mr Taylor will join Citadel from Credit Suisse, where he co-founded and led one of Credit Suisse's internal hedge funds, Modal Capital Partners.

"Expanding our world-class team is critical to the continued growth of our franchise on a global scale," said Kenneth Griffin, CEO and Founder of Citadel Investment Group.

"Nick Taylor has rare expertise and experience, and he will be a major asset as we extend our investment platform."

"Asia and Europe are some of the most promising regions in the global capital markets," said Mr Taylor. "Citadel has a great reputation for its thoughtful approach to risk taking and investing, and I am pleased to be joining the organization."

Mr Taylor served with Credit Suisse since 1999, in London, Tokyo and Hong Kong. Previously, he worked with Credit Suisse First Boston as a Managing Director of Proprietary Trading in Europe, and worked on the Risk Arbitrage Desk in Europe for Goldman Sachs. He graduated from Cambridge University.

Mr Taylor will report to Tim Throsby, CEO of Citadel Asia.

Mr Taylor is the most recent in a series of senior-level appointments at Citadel. Earlier this month, the firm announced that David Noh, previously with Merrill Lynch, will join as Head of Asian Merchant Banking. Patrik Edsparr will join as CEO for Citadel Europe and Head of Global Fixed Income. He joins from JPMorgan Chase. Additionally, Kaveh Alamouti will join from Moore Capital, as Head of Global Macro Investments.

About Citadel Investment Group, L.L.C.

Citadel is a leading global financial institution focused on alternative investment strategies and services. The Citadel group of companies employs 1,200 professionals worldwide in Chicago, New York City, San Francisco, Bermuda, London, Hong Kong and Tokyo.

Citadel Investment Group, L.L.C.Katie Spring, 312-395-2596 katie.spring@citadelgroup.com

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