Key Takeaways
- • Citadel's registered London entity lost senior macro volatility portfolio manager Avi Tullu, who joined from Pimco in September 2025 and left in September 2026, and former head of EMEA rates trading Simon Roach, who departed in early October 2026 after more than a decade at the firm.
- • ExodusPoint's registered London entity saw macro departures including senior macro analyst Soham Sengupta, who left in October 2026 per the FCA Register, and FX trader Rupert Guest, who left in October 2026 after joining from Barclays in January 2025.
- • Citadel continued to hire despite the exits, recruiting FX trader Vineet Mudgil from HSBC after nearly 20 years at the bank, plus juniors from Tudor and RBC, while also hiring Pedro Goldbaum from Deutsche Bank in New York.
- • Both Citadel and ExodusPoint declined to comment; Citadel's exits were previously reported by With Intelligence.
- • Industry sources cite a shrinking pool of macro talent at banks, with one former hedge fund PM observing that "Banks have very few macro people left and funds need to hire."
Summary
Senior macro portfolio managers in London are facing a difficult environment, with reports of around 100 roles at risk in the city alone, according to eFinancialCareers. Departures from the leading multi-strategy platforms are contributing to the churn, though not all exits are involuntary; some individuals are taking breaks or pursuing other plans.
At Citadel, recent exits from the firm's registered London entity include Avi Tullu, a senior macro volatility portfolio manager who joined from Pimco in September 2025 and left again in September 2026. Simon Roach, former head of EMEA rates trading at Merrill Lynch, departed in early October 2026 after a long tenure that began more than a decade earlier. Citadel declined to comment. The exits were previously reported by With Intelligence.
ExodusPoint has also seen macro departures from its registered London entity. Senior macro analyst Soham Sengupta, who joined in December 2025, left in October 2026 according to the FCA Register. FX trader Rupert Guest, who came from Barclays in January 2025, left earlier in the month. ExodusPoint declined to comment.
Amid the departures, Citadel has also made hires. Vineet Mudgil, an FX trader who spent nearly 20 years at HSBC in London, moved to Citadel, and junior staff Emaad Alvi and Max Dykes joined the macro team from Tudor and RBC respectively. In New York, Citadel hired Pedro Goldbaum from Deutsche Bank.
A senior macro trader and former hedge fund PM who has been on the sidelines said conditions are favorable for experienced candidates: "Banks have very few macro people left and funds need to hire."
At Citadel, recent exits from the firm's registered London entity include Avi Tullu, a senior macro volatility portfolio manager who joined from Pimco in September 2025 and left again in September 2026. Simon Roach, former head of EMEA rates trading at Merrill Lynch, departed in early October 2026 after a long tenure that began more than a decade earlier. Citadel declined to comment. The exits were previously reported by With Intelligence.
ExodusPoint has also seen macro departures from its registered London entity. Senior macro analyst Soham Sengupta, who joined in December 2025, left in October 2026 according to the FCA Register. FX trader Rupert Guest, who came from Barclays in January 2025, left earlier in the month. ExodusPoint declined to comment.
Amid the departures, Citadel has also made hires. Vineet Mudgil, an FX trader who spent nearly 20 years at HSBC in London, moved to Citadel, and junior staff Emaad Alvi and Max Dykes joined the macro team from Tudor and RBC respectively. In New York, Citadel hired Pedro Goldbaum from Deutsche Bank.
A senior macro trader and former hedge fund PM who has been on the sidelines said conditions are favorable for experienced candidates: "Banks have very few macro people left and funds need to hire."
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