Former State Street MD joins Citadel

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Former State Street MD joins Citadel

A former managing director at State Street with an eclectic professional background has joined hedge fund giant Citadel. Denis Vaskov started in February in Chicago within the firm’s technology department.

Vaskov was most recently a managing director at State Street, which earlier this year began cutting as many as 1,500 jobs, including 15% of its senior management. New CEO Ronald O’Hanley noted in January that State Street needed to “structurally decompress” upper management as the firm seeks to reduce expenses by as much as $75 million. It’s unclear whether Vaskov was caught up in the layoffs or left voluntarily.

Previous to his two-year stint at State Street, Vaskov spent nearly four years as an engagement manager at McKinsey & Co., a role he accepted after earning his MBA from Northwestern’s Kellogg School of Management. Prior to attending business school, Vaskov worked as an attorney in Russia, eventually rising to the head of litigation and M&A transactions at Gazprom Media, Russia’s largest media holding company. Now at Citadel, Vaskov has achieved the rare feat of working at one of the largest and most well-known hedge funds, asset management firms and management consulting companies – all in a second career in the U.S.

Citadel declined to comment. 

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