Derek Kaufman to join Citadel from JPMorgan Chase & Co.

April 23, 2008, Chicago – Citadel Investment Group, L.L.C. today announced that

Derek Kaufman will join the firm as a Senior Managing Director and Head of the U.S. Fixed Income Business. Mr. Kaufman will join from JPMorgan Chase, where he served as Global Head of Fixed Income in the investment bank’s Proprietary Positioning Group.

“Building outstanding teams with top talent is the cornerstone of our business,” said Kenneth Griffin, President and CEO of Citadel Investment Group. “Industry leaders like Derek Kaufman, along with many others who have joined our team recently and over the years, put us in the very best position to identify and execute on opportunities in the global capital markets.”

“I am excited to lead Citadel’s U.S. fixed income business, especially during this exceptional time in our markets,” said Mr. Kaufman. “I have long admired Citadel’s success in building innovative, cutting-edge businesses and I look forward to joining the team.”

Mr. Kaufman joined JP Morgan in 1996 and was one of the earliest members of that firm’s Proprietary Positioning Group. Mr. Kaufman graduated from Harvard College. He will be based in New York.

About Citadel Investment Group, L.L.C.

Citadel is a leading global financial institution focused on alternative investment strategies and services. The Citadel group of companies employs 1,200 professionals worldwide in Chicago, New York City, San Francisco, Bermuda, London, Hong Kong and Tokyo.


Media Contact: Katie Spring, [email protected]





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