Citadel hires JPMorgan executive for securitized products role

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Citadel Investment Group continues to build its fixed income business, announcing the appointment of a former JPMorgan executive to lead its securitized products operation.

Bill King, JPMorgan’s global co-head of securitized products, will join the $20 billion firm in August. He follows in the footsteps of his former boss, Patrik Edsparr, JPMorgan’s former head of fixed income, who will join Citadel in July as chief executive for Citadel Europe and head of global fixed income.

Prior to the announced merger of JPMorgan and Bear Stearns, King was JPMorgan’s sole global head of securitized products. In April, Bear Stearns’ Mike