Edsparr leaves JP Morgan for Citadel

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Chicago-based hedge fund Citadel has hired JP Morgan's head of rates, Patrik Edsparr. He will join Citadel as the chief executive of Europe and also lead the firm's global fixed-income business, including securitised products.

At JP Morgan, Edsparr was appointed head of rates and securitisation products in January 2006, amid a shake-up of the bank's senior management. When JP Morgan separated its currencies and commodities business in July 2007 in an attempt to improve client coverage and

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