Citadel expands with Paris office

Citadel and Citadel Securities have announced plans to open an office in Paris in order to extend the firms’ longstanding presence in Europe. The Paris office is expected to open in the first half of 2021, subject to regulatory approvals from the relevant competent authorities. This is the latest expansion builds on Citadel’s growing global footprint, which includes 18 offices across North America, Europe and Asia-Pacific. Officials said that the market making group Citadel Securities and the roughly $29 billion asset management firm Citadel both have had offices focused on Europe for years. Citadel opened its first European office in London in 1999. All five of its global investment strategies – equities, fixed income and macro, commodities, credit and quantitative strategies – are represented in the region, officials said. "Paris is one of the leading financial centers in Europe, and we are excited to be opening an office there as we continue to expand in the region and globally," said Edwin Lin, head of global fixed income at Citadel. "It will provide us access to a strong local talent pool and enable us to further deepen our relationships with European counterparties and policymakers as the region's capital markets continue to integrate." Citadel Securities has operated in Europe since 2007. The firm is a top five participant on many of Europe's equity exchanges and operates one of the largest systematic internalizers in Europe. Citadel Securities also has a leading global FICC business that provides liquidity to more than 1400 institutional investors across more than 50 countries. "Paris offers a compelling opportunity to grow our rapidly expanding business, increase proximity to our valued clients and broaden our ability to attract the brightest minds in Europe," said Paul Hamill, global head of FICC Distribution for Citadel Securities. "We are excited to further develop our European presence and grow our client base."

Citadel expands with Paris office

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