Citadel Expands to Singapore, Eyes Bigger Footprint in Asia
*Citadel, the Chicago‑based hedge fund, and its sister arm Citadel Securities—known for providing trading services to a wide range of financial players—just announced it’s opening a brand‑new office in Singapore. The move is part of a broader push to bolster its global footprint.
Where’s the Voice of the Company Coming From?
- 17 existing offices scattered across North America, Europe, and Asia‑Pacific.
- Ongoing growth in Hong Kong, though the exact number of new hires remains hush‑hush.
- Citadel Securities is expanding in Shanghai and Sydney, but again, no concrete job numbers were disclosed.
These developments come amid rising U.S.–China tensions—think trade tariffs, sanctions, and a flurry of Washington‑issued actions targeting China.
Quick Snapshot of Their Asset Appetite
- End of July, Citadel was managing a whopping $34 Billion (about S$47 Billion.)
- Operating in Asia‑Pacific since 2005 (Citadel) and 2009 (Citadel Securities).
Notable Trading Footprints
Bloomberg earlier highlighted that Citadel Securities handled roughly 20% of the $15.5 Billion U.S. shares traded in March—right when the pandemic hit and the Russia‑Saudi Arabia oil price war triggered a market slide.
Bottom Line
Citadel’s Singapore outpost is just another step in a strategy that’s increasingly steering toward Asia, all while keeping an eye on the shifting geopolitical landscape and a market hungry for liquidity.
