Key Takeaways
- • Citadel Securities has appointed former Goldman Sachs managing director Andrew Kalafarski as head of electronic equities sales, according to a report by eFinancialCareers.
- • Kalafarski spent a 20-year career at Goldman Sachs, where he worked in electronic trading sales and was promoted to managing director in 2021.
- • Citadel Securities says its equities business accounts for more than 23% of total US equity execution.
- • The hire extends a pattern of senior Goldman Sachs recruits, including Jim Esposito (president since 2024) and Joseph Anastasio, a 16-year Goldman veteran and co-head of high-touch equities sales trading.
- • Citadel Securities also appointed former Goldman partner Nikhil Choraria as co-head of fixed income earlier this year, with his registration effective in September.
Summary
Citadel Securities has appointed Andrew Kalafarski, a former Goldman Sachs managing director, as head of electronic equities sales, according to a report by eFinancialCareers. The appointment strengthens the market maker's leadership team as it continues to recruit senior trading executives from major investment banks. The appointment was confirmed by Financial Industry Regulatory Authority (FINRA) records.
Kalafarski joins after a 20-year career at Goldman Sachs, where he worked in electronic trading sales and was promoted to managing director in 2021. According to the firm, Citadel Securities' equities business accounts for more than 23% of total US equity execution, and the new hire adds further experience to that franchise.
The move follows several high-profile hires from Goldman Sachs. Jim Esposito, a former partner, became president of Citadel Securities in 2024. Joseph Anastasio, co-head of high-touch equities sales trading, spent 16 years at the bank before joining.
Citadel Securities has also expanded its fixed income operations. It appointed former Goldman Sachs partner Nikhil Choraria as co-head of fixed income earlier this year, with his registration becoming effective in September.
The appointment underscores ongoing competition between electronic market makers and investment banks for experienced trading professionals, as Citadel Securities deepens its institutional client coverage across equities and fixed income.
Kalafarski joins after a 20-year career at Goldman Sachs, where he worked in electronic trading sales and was promoted to managing director in 2021. According to the firm, Citadel Securities' equities business accounts for more than 23% of total US equity execution, and the new hire adds further experience to that franchise.
The move follows several high-profile hires from Goldman Sachs. Jim Esposito, a former partner, became president of Citadel Securities in 2024. Joseph Anastasio, co-head of high-touch equities sales trading, spent 16 years at the bank before joining.
Citadel Securities has also expanded its fixed income operations. It appointed former Goldman Sachs partner Nikhil Choraria as co-head of fixed income earlier this year, with his registration becoming effective in September.
The appointment underscores ongoing competition between electronic market makers and investment banks for experienced trading professionals, as Citadel Securities deepens its institutional client coverage across equities and fixed income.
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