Simon Holmes

Simon Holmes Joins Chicago Hedge Fund Giant Citadel

Simon Holmes has been appointed by Citadel Securities, the market-making arm of Chicago hedge fund giant Citadel LLC, as senior swaps executive in Europe, as it looks to build its presence in off-exchange traded markets, according to the hedge fund firm announcement.
A Citadel spokesman said Simon Holmes joined Wednesday from ICAP PLC, where he was chief operating officer of the brokerage firm’s electronic interest-rate swaps trading platform in the U.S., called i-Swap.
Mr. Holmes assumes the role of chief operating officer for Citadel Securities’ fixed-income business, based in London, the spokesman said. He couldn't be reached, but his last day at ICAP was March 31.
Citadel has been plotting an entrance into the $700 trillion swaps market for years, sensing opportunity as traditional market makers at large banks are weighed down by a spate of new regulations curtailing their risk-taking.
Swaps are derivatives used to wager on a borrower’s likelihood of repaying its debts or to hedge against big swings in borrowing costs.
Source: Wall Street Journal

Related to: Hedge Fund Update

Tags: Hedge Fund of Funds Business, Hedge Fund, Hedge Funds, Fund of Hedge Funds, Hedge Fund of Funds, Hedge Fund Industry, Hedge Fund Group, Hedge Fund Market, Hedge Fund Investments, Hedge Fund Advisory Firm, Hedge Fund Returns, Simon Holmes, Citadel Securities, Chicago, Chicago Hedge Fund Giant, Citadel LLC, Europe, ICAP PLC, i-Swap, London.

Hedge Fund Videos | 30+ Free Videos on Hedge Funds