Citadel continues to hire technologists from big banks and beyond

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Chicago-based hedge fund giant Citadel continues to hire technologists from big banks and beyond. Last month, it brought on Morgan Stanley executive director Anish Jindal as a director on the PMT team in the technology group at the firm’s New York office.

A Citadel spokeswoman confirmed that Jindal joined the firm but declined to provide more detail about the specifics of the role or his reporting line.

Jindal worked for close to 12 years at Morgan Stanley on technology related to a wide range of financial products, including gain-loss systems, a cash-flow engine, real-time positions and a balances calculator. He rose through the ranks to become a prime brokerage IT ED.

Jindal isn't Citadel's only Morgan Stanley hire. Steven Lieblich, the hedge fund firm’s chief technology officer, also joined from Morgan Stanley in 2016.

Jindal's arrival follows various recruits to Citadel's technology team in 2017, including Michael Lemmon, a senior researcher within BlackRock’s quantitative Scientific Active Equity unit who left in July to become the head of fundamental and economic analytics at Citadel, and Paulo Rodela, an MD in BlackRock’s solutions business who left in September to join Ken Griffin’s hedge fund as an MD in a senior technology role.

Citadel hosts regular “datathons” – contests in which undergraduate and graduate students vying for artificial-intelligence, technology and data-science roles at the firm compete for a cash prize – winners split a $25,000 pool and have an opportunity to compete for $100,000 in the final championship. Meanwhile, HR executives evaluate students’ performance.

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