Citadel hires J.P. Morgan MD to lead technology as it continues London expansion

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Citadel Securities has hired a managing director from J.P. Morgan to lead its European technology function.

John MacDonald joined Citadel as managing director, head of technology in Europe earlier this month. He had previously spent nearly nine years at J.P. Morgan, where he was promoted to managing director earlier in 2016.

This will be MacDonald's second stint at Citadel, having previously worked as an options market maker for three years until September 2007, when he moved to J.P. Morgan. He also spent three years working in a technology function at Goldman Sachs.

The hire is another example of Citadel's gradual expansion of its UK operation, both within its market making and hedge fund businesses. The hedge fund has been hiring from both investment banks and other buy-side firms. It has just taken on Ashish Goyal, a former partner at Bluecrest Capital Management, as a portfolio manager on its global fixed income team, according to Reuters. It's also taken on Tim Tomalin-Reeves, a former managing director at Goldman Sachs, as head of international treasury, and Volkan Dikman, who was an emerging markets fixed income trader at Goldman, as a portfolio manager.

For J.P. Morgan, this marks another senior departure in its technology team in recent months. Mark Ashton-Rigby, who was chief information officer for its investment bank, left in May and joined Barclays as its global CIO earlier this month.

 

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