Timothy Wilkinson, former head of fixed-income proprietary
trading at Lehman, will join the proprietary trading group along with
John Goodridge. Alex Maddox arrives as head of securitized products in
Europe. They will report to Patrik Edsparr, head of global fixed-income
and CEO of Citadel Europe.
Goodridge was a senior proprietary
trader at Lehman, while Maddox spent 14 years there, most recently as
managing director of securitized products trading. Maddox established
Lehman's mortgage trading desk and had served as head of residential
mortgage, ABS and CMBS trading and risk for Europe.
As Lehman
declared bankruptcy on Sept. 15, Tony Lomas, Steven Pearson, Dan
Schwarzmann and Mike Jervis, partners at PricewaterhouseCoopers LLP,
became joint administrators to Lehman Brothers International (Europe)
and Lehman Brothers Ltd.
They confirmed that a restructuring of the business was necessary after
they couldn't find a buyer, and 750 employees would lose their jobs,
mostly in fixed income.
Keep an eye on TheDeal.com's
Movers & shakers column for more
hiring news. -
Baz HiralalSee the press release from Citadel Citadel grabs top talent during mortgage meltdown
The cherry-picking continues, and Lehman Brothers Holdings Inc. is ripe. Citadel Investment Group LLC has been hiring bankers left and right for months as Wall Street's top talent looks for security amid the credit crisis. Recently, it raised the hackles of J.P. Morgan Chase & Co., which went so far as to halt counterparty trading with the $20 billion hedge fund. Ah well, there's more talent out there. Citadel just grabbed three Lehman Brothers' bankers for its global fixed-income business.
