Key Takeaways
- • Ishaan Sethi, former Goldman Sachs macro sales MD in London, will join Citadel Securities in early autumn 2026, following his departure from hedge fund Marshall Wace on June 26, 2026.
- • Citadel Securities is executing a targeted hiring strategy from Goldman Sachs's EMEA rates and fixed income division, led by Nohshad Shah, who joined as head of EMEA fixed income sales in January 2025 and has now hired Sethi for a second time.
- • The Goldman Sachs talent pipeline to Citadel Securities includes multiple senior traders: Shah (formerly co-head of EMEA rates sales), Frank Flight, and Nikhil Choraria (top rates trader arriving end of summer 2026), signaling institutional focus on building electronic fixed income trading capability.
- • Sethi and Shah's professional relationship spans three firms—Deutsche Bank, Goldman Sachs (where Shah recruited him), and now Citadel Securities—demonstrating the role of established working relationships in senior fintech recruitment.
Summary
Ishaan Sethi, a former Managing Director in macro sales at Goldman Sachs's London office, will join Citadel Securities in early autumn 2026. According to the FCA Register, Sethi departed hedge fund Marshall Wace on June 26, 2026, following a stint that began after he left Goldman Sachs in late 2023. Neither Sethi, Citadel Securities, nor Marshall Wace provided comment on the move.
The hire reflects Citadel Securities' deliberate acquisition of senior talent from Goldman Sachs's fixed income sales and trading divisions, particularly from the EMEA rates business. Nohshad Shah, who served as co-head of EMEA rates sales at Goldman Sachs until 2023, joined Citadel Securities in January 2025 as head of EMEA fixed income sales. Shah has now recruited Sethi for the third time across their careers—previously at Deutsche Bank and Goldman Sachs—extending a pattern of talent migration that includes other senior Goldman figures such as Frank Flight and Nikhil Choraria, a top rates trader expected to arrive at Citadel Securities by end of summer 2026.
The recruitment of Sethi underscores Citadel Securities' broader strategy to build depth in EMEA electronic fixed income trading by leveraging established professional networks. Shah's hiring mandate appears focused on reconstructing his former Goldman team within Citadel's platform, signaling the firm's competitive positioning in institutional fixed income execution. For institutional investors and hedge funds reliant on electronic trading counterparties, this concentration of senior Goldman rates talent at Citadel Securities carries implications for EMEA fixed income market structure and execution quality.
The hire reflects Citadel Securities' deliberate acquisition of senior talent from Goldman Sachs's fixed income sales and trading divisions, particularly from the EMEA rates business. Nohshad Shah, who served as co-head of EMEA rates sales at Goldman Sachs until 2023, joined Citadel Securities in January 2025 as head of EMEA fixed income sales. Shah has now recruited Sethi for the third time across their careers—previously at Deutsche Bank and Goldman Sachs—extending a pattern of talent migration that includes other senior Goldman figures such as Frank Flight and Nikhil Choraria, a top rates trader expected to arrive at Citadel Securities by end of summer 2026.
The recruitment of Sethi underscores Citadel Securities' broader strategy to build depth in EMEA electronic fixed income trading by leveraging established professional networks. Shah's hiring mandate appears focused on reconstructing his former Goldman team within Citadel's platform, signaling the firm's competitive positioning in institutional fixed income execution. For institutional investors and hedge funds reliant on electronic trading counterparties, this concentration of senior Goldman rates talent at Citadel Securities carries implications for EMEA fixed income market structure and execution quality.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.