Ken Griffin’s Citadel to maneuver headquarters, dealing blow to Chicago

Citadel, the $51 billion hedge fund based by Ken Griffin, is shifting its world headquarters to Miami from Chicago, turning into the newest firm to depart the Windy City within the wake of the pandemic.

The choice to relocate the headquarters for Citadel, the hedge fund, and Citadel Securities, the digital buying and selling agency, comes as many workers requested to depart Chicago and transfer to Miami, New York and different workplaces all over the world.

“I’m excited to have just lately moved to Miami with my household and look ahead to quickly increasing Citadel in a metropolis so wealthy in variety and abounding with power,” Griffin wrote to workers saying the deliberate transfer in a be aware seen by Reuters. “Miami is a vibrant, rising metropolis that embodies the American Dream.”

Caterpillar stated earlier this month it was shifting from its longtime Illinois base to Texas.

In May, Boeing stated it was shifting its headquarters to Arlington, Va., with the intention to be nearer to high federal officers.

Large tech-focused enterprise capital and private-equity companies like SoftBank and Thoma Bravo have additionally moved to Miami.



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