Citadel Data Chief Korsos Said To Leave After Three Months

Oct 25 2017 | 9:50pm ET

Laszlo Korsos, who joined hedge fund Citadel in July from Uber Technologies, has reportedly left his position as chief data officer at the firm after only three months.

Korsos worked on Uber’s pricing algorithms and founding the company optimization and economics quant team. His departure for Citadel last sprint came with a mandate to develop innovative ways to grapple with the massive amounts of data being mined for investment insights. 

The news was first reported in an article by Financial News, citing unidentified individuals familiar with the matter. 

Unlike many quant specialists who are recruited to Wall Street, Korsos was no stranger to Wall Street. After graduation from the United States Naval Academy, he held stints at BlackRock and Nuveen and, following a Ph.D. in econometrics from the University of Chicago, joined Goldman Sachs as a fixed-income analyst. He left for Uber’s San Francisco office in 2014.

Additional information about Korsos’ departure, or his future plans, was not immediately available. 

Founded by Griffin in 1990 with $4.6 million, Citadel has subsequently grown into a global multi-strategy investment powerhouse that manages more than $27 billion in assets. The company operates within five primary strategies, including fixed income and macro, equities, credit, commodities and global quantitative. 

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