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Hedge Funds Are Raiding Big Banks to Hire Volatility Traders - Vimarsana News

Hedge Funds Are Raiding Big Banks to Hire Volatility Traders

From left to right: Millennium founder Izzy Englander, Citadel founder Ken Griffin, Balyasny founder Dmitry Balyasny, Citigroup CEO Jane Fraser, Goldman Sachs CEO David Solomon, and Bank of America CEO Brian Moynihan. Phil McCarten/Reuters; Lucy Nicholson/Reuters; Erin Scott/Reuters; Michael Kovac/Getty Images; Denis Balibouse/Reuters; Samantha Lee/Insider This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Buy-side trading firms have poached a slew of star deriva...

Citadel said to hire Bank of America's U.S. head of flow trading - Vimarsana News

Citadel said to hire Bank of America's U.S. head of flow trading

David Kim, the U.S. head of equity client solutions at Bank of America is the latest senior trader to leave the bank. He's understood to be joining Citadel.  Bank of America declined to comment on Kim's exit. Citadel didn't respond to a request to comment. Kim only joined Bank of America in 2018 after six years at JPMorgan, where he was also head of U.S. flow trading. He previously spent four years at Goldman Sachs.  Citadel is one of several hedge funds engaged in heavy hiring after strong returns in 2020. In 2019, Citadel hired Pablo Salame from Goldman Sachs as global head of credit tra...