"Schonfeld is adding more firepower to its senior ranks as the firm eyes further expansion in the highly competitive multi-strategy hedge fund space. The $15.5 billion hedge fund has hired Andrew Philipp, the chief financial officer of hedge fund giant Citadel and its sister trading firm Citadel Securities, as co-president, according to an internal memo from CEO Ryan Tolkin that was seen by Business Insider."
"Philipp's team at Citadel will report to COO Gerald Beeson in the interim until the firm hires a replacement, according to a person familiar with the matter. Beeson previously served as CFO for 18 years, prior to Philipp's arrival. Landing one of the hedge fund industry's top young executives is a win for Schonfeld and marks the latest major C-suite hire as Tolkin aims to fortify the firm's position and better compete with industry heavyweights such as Millennium and Citadel."
Schonfeld hired Citadel CFO Andrew Philipp as co-president to bolster senior leadership and support strategic scaling across its multi-strategy platform. Philipp will leave Citadel after four years and begin the role in September 2026, sharing responsibilities with longtime co-president Andrew Fishman. Philipp will act as an ambassador to clients, major counterparties and talent while partnering with senior leaders. His Citadel team will report to COO Gerald Beeson on an interim basis until a replacement is named. The hire is intended to fortify Schonfeld's position and help the firm compete with industry heavyweights such as Millennium and Citadel.
Read at Business Insider
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