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Another Morgan Stanley CIO has joined Citadel's giant hedge fund in Chicago.

Citadel has poached another Morgan Stanley chief information officer

How many former Morgan Stanley chief information officers does one firm need? Fresh from hiring Steve Lieblich, Citadel LLC has just poached another senior technologist from the bank.

Gil Shaked, a managing director and chief information officer of capital markets for Morgan Stanley Americas, joined Citadel earlier this month in a senior technology role. He spent the past four years at Morgan Stanley, having previously held a capital markets CIO position in New York for Société Générale.

Shaked is the second major technology hired from Morgan Stanley in a matter of months. In June last year, Steve Lielich, CIO for the entire bank, joined Citadel LLC as chief technology officer in September last year. He stepped down from Morgan Stanley in June, after more than 30 years at the bank.

At the time of his appointment, Citadel’s CEO Ken Griffin said that its “ability to develop and leverage market-leading proprietary technology is fundamental to our strategy”.

In March, both Citadel LLC and its market-making arm Citadel Securities stepped up efforts to uncover junior quant talent through a series of 18 ‘datathons’ – pitching students against each other for a potential prize of $100k.

At the senior end, Citadel’s two firms have been targeting investment banks’ senior technologists. Citadel Securities also hired John Macdonald from J.P. Morgan as head of technology in Europe.

Morgan Stanley, meanwhile, has been losing a succession of senior tech employees. Nicky Ranganathan, managing director and head of technology at Morgan Stanley Advantage Services, left in March to start his own tech firm, executive director Priyam Reddy joined Google as a cloud engineer earlier this month and James McGill, a managing director and Asia chief information officer in Hong Kong, departed in December.


AUTHORPaul Clarke

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