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. 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. Calls to Citadel were handled by Scott Rafferty, spokesman, who did not comment by press time.
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. Stainton reported to Boaz Weinstein, head of credit trading for the Americas, and Wayne Felson, global head of complex risk. Both could not be reached for comment.
