Citadel Investment Group has nabbed Mark Stainton, managing director and global head of credit correlation trading at Deutsche Bank in London, to head its 50-person energy trading business. As first reported on DW's Web site last Monday, Stainton will be based in Chicago and report to Ken Griffin, founder and ceo of the U.S.-based hedge fund giant which runs USD12 billion in investments. It could not be determined whether the position is a new one, or if Stainton is filling someone's shoes. Calls to Citadel were handled by Scott Rafferty, spokesman, who declined comment.
Stainton, reached at Deutsche Bank, referred calls to the press office. Stephanie Smart, spokeswoman for the firm, confirmed his resignation, declining to comment on a replacement.
