peng zhao citadel net worth
Some of the more high-profile of these hires appear to have worked out. He is from China. Zhao Peng has been serving as Finance Director, Vice President and Executive Director in China Life Insurance Company Limited since March 4, 2020. He wrote Make, a key software program for Unix operating systems, and developed the first 77 compiler for the Fortran programming language. Citadel Securities is a prime example. ), 2023 eFinancialCareers - All rights reserved, Citadel Securities has decided to be a little bit less secretive and , And he is pretty intense. Cryptocurrency held directly by the billionaire isn't included because the amount is unknown. We have estimated Peng Zhao's net worth, money, salary, income, and assets. But the scale of these hires has grown enormously recently. converted to U.S. dollars at current exchange rates Read pastor tom mount olive baptist church text messages / london drugs broadway and vine / peng zhao citadel net worth. technique - and why do banks like it? Make yourself visible to recruiters hiring for top jobs in technology and finance. In a big change, half of the 100 or so technologists Citadel Securities has hired in the last two years have come from Silicon Valley or other locations far from Wall Street and traditional securities firms. He is responsible for the firm's quantitative trading businesses globally.Mr. One of the early architects of Citadel Securities, Peng was quickly recognized not only as a remarkable statistician, but also as a leader whose passion and performance brought out the best in others. The mortgage models turned into a three-month exercise in which Ken Griffin camped out in his office, looking over my shoulder, hovering over my keyboard, putting out statistical analysis, models and graphs. This list of finance books for people who hate finance is actually quite a good set of recommendations for people who have a love-hate relationship with the industry they work in. Liverpool legend Roberto Firmino has offered himself to FC Barcelona through his agent, according to a report. Pengs rapid ascent reflects the culture of meritocracy he continues to foster at the firm. The oldest executive at China Life Insurance Co is Oi-sie ElsieLeung, 81, who is the Independent Director. Rapid growth is a lot easier when youre under the radar for both competitors and regulators, and thats no longer the case for Citadel Securities. The dual arms of the Citadel . Valuations are Other high-level Citadel Securities hires include John Schuster, a former vice president of engineering at Workday, Seth Hettich, a principal engineer from Google, and Cisco engineer Skip Booth. FORTUNE may receive compensation for some links to products and services on this website. So, how much is Peng Zhao worth at the age of 38 years old? In the near term, theyre planning on hiring four more ESG specialists for the capital markets team, which would also be a doubling in size. The investment values Citadel Securities at about $22 billion. Peng Zhao is Co-Head of Quantitative Strategies for Citadel. After completing a doctorate in statistics from UCBerkeley, Zhao ascended from quant research to overseeing the core market-making business for Citadel Securities, the computerized trading firm founded by Griffin (but run separately from his $30 billion Citadel hedge fund). His achievement has been a result of the rise of hard work. (Bloomberg). Mr. Zhao became the firm's CEO in . A committed civic leader, Peng is a founding board member of The Asian American Foundation and serves on the board of trustees for the Museum of Science and Industry in Chicago and on the Board of Directors of the National Committee on U.S. - China Relations. View popular celebrities life details, birth signs and real ages. Many people ask this question about the money Peng Zhao makes from Facebook. Offers may be subject to change without notice. Binance's revenue of $12.6 billion is calculated using the average of the company's annual spot and derivative trading volumes as tracked by research sites Coingecko.com and Nomics.com through Feb. 26, 2022, and the average of transaction fees disclosed on Binance's website, calculated separately for spot and derivative volumes. (Financial News), Lauren Callaghan runs Spencer Stuarts specialist ESG recruitment practice. He may have started as Ken Griffins protg, but the Beijing-born Zhao has earned his own spot at the top of the finance world. http://is.gd/bN6ab, Front Seats: Peng Zhao on Applying AI in Finance, Front Seats: Peng Zhao on Asia's Growth Opportunities, Michael Kay (sports broadcaster) net worth, AADOM Radio-THE Podcast For Dental Managers podcast episodes, Risk and Reels: A Cybersecurity Podcast podcast episodes, All About Affordable NFTs podcast episodes, We Are The Gayers | A Buffy Podcast podcast episodes, The Lorehounds: A Mandalorian Podcast podcast episodes, The Not Ready for Prime Time Podcast podcast episodes, The Movie Roulette Podcast podcast episodes, I Watch More Movies Than You podcast episodes, The House That Screams Horror Podcast podcast episodes, Weird, Together: Watching the Latest in Indie Horror Films podcast episodes. Moreover, according to He joined in 2006, and led the build-out of Citadel Securities. He previously served as Head of Global Market Making, where he oversaw Citadel Securities' global. Accept Decline About Our Ethos; Our History; FAQ; Jobs; Newsletter He has been hired by Citadel Securities, the high-speed electronic trading firm owned by billionaire Ken Griffin, as a senior advisor. It's value is based on the fundraising round and adjusted according to the NYSE FactSet Global Blockchain Technologies Index. Peng Zhao, who joined Citadel in the mid-2000s and has run Citadel Securities since 2017, . people. Zhao founded Chinese online job recruitment site Kanzhun in 2014. Save this article. The real message of the interview, though, is that Ken Griffin is now looking over the whole of Wall Streets office, in a metaphorical sense. Zhao is the chief executive officer of Binance, the worlds largest cryptocurrency-exchange by trading volume. Under Pengs leadership, Citadel Securities has accelerated its global growth across products, markets, and regions. Morants agent denied previous allegations he hit and flashed his gun at a teenager suggesting they were made to tarnish his reputation. (Horse and Hound), Combining a couple of recent themes bankers leaving Hong Kong and European banks staffing up Apoorva Shah, the former head of Asian M&A for Nomura, is joining BNP Paribas in London. But there is no Citadel Securities outpost in northern California. And he is pretty intense. Credit Agricole for their part say that when the gold market went through a volatility spike early in the pandemic, he failed to escalate an episode that could have lost them $30m, and thats why they sacked him. He is from China. Its also possible, though, that the decision to invite Bloomberg in for an interview might have been made because the temptation to humblebrag and flex was becoming impossible to resist. Wall Street trading has become a tech arms race, increasingly complex, fast and reliant on sophisticated computer-driven techniques. [1][9], In 2019, Zhao was named on Fortune's 40 Under 40 list. Reflects change since 5 pm ET of prior trading day. Five months after joining, Kevin Turner left Citadel Securities, and on January 27, 2017, at age 34, Peng Zhao was promoted to CEO. All rights reserved. Citadel LLC comprises of Citadel Securities and its hedge fund Citadel, which had $32 billion in assets under management last year. Stakes in publicly traded companies are valued using the share's most recent closing price. Peng Zhao has become the most popular person by his significant works. Peng Zhao's net worth Eventually it will unless its offensive or libelous (in which case it wont. Peng Zhao is Chief Executive Officer of Citadel Securities, a global financial services firm headquartered in Chicago, with offices across the United States, Asia-Pacific and Europe. The company went public on the Nasdaq in 2021. The index is a dynamic measure of personal wealth based on changes in markets, the economy and Zhao started coding at about 16 and later completed a computer science degree in Montreal at McGill University. Hes having his best season yet as a jockey, and possibly also in private placements. vice chair chief scientist Citadel . After about a year at Blockchain.info beginning in late 2013, Zhao founded a startup that provided systems and software to exchanges before starting Binance in 2017. Citadel Securities has decided to be a little bit less secretive and tell its own story, albeit in a somewhat guarded way. Hazel Watts, a spokesperson for Binance, said in January 2022 that valuation estimates for Binance were "incorrect and far off" without providing further details. We're proud that our CEO Peng Zhao was highlighted as one of Fortune Magazine's 40 Under 40, an annual list of the "most influential young people in business." Peng, who started at Citadel Securities as a Senior Quantitative Researcher in 2006, has built our firm into an innovative quantitative trading firm and market maker that pairs cutting-edge analytics with innovative engineering . In total, Citadel Securities has grown to about 700 employees from 400 employees since Peng Zhao became CEO in 2017. Peng Zhao joined Citadel Securities from graduate school as a Senior Quantitative Researcher in 2006. He is not dating anyone. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice| Do Not Sell/Share My Personal Information| Ad Choices Peng Zhao Net Worth His net worth has been growing significantly in 2021-2022. He wasnt impressed, and so is in a position to issue one of bankings most emphatic I-told-you-sos. Peng Zhao Born: 1983 (age 39years), Beijing, China, Peng Zhao Education: University of California, Berkeley, Beijing No. It's actually a myth about how to make money on Facebook Peng Zhao (simplified Chinese: ; pinyin: Zho Png) is a Chinese-American businessman who is the CEO of Citadel Securities. There are 24 older and no younger executives at China Life Insurance Co. As the Finance Director, Vice President, and Executive Director of China Life Insurance Co, the total compensation of Peng Zhao at China Life Insurance Co is $1,113,600. Terms & Conditions. Industry:Finance He became the firms Chief Executive Officer in 2017. We don't have much information about He's past relationship and any previous engaged. It was not an easy journey to get here. Feldmans next stop, however, is Wall Street. So, how much is Peng Zhao worth at the age of 39 years old? Citadel Securities, founded by Ken Griffin in 2002, is separate from hedge fund Citadel, the $43 billion enterprise that has. He also owns Binance.US, a related US exchange, that was valued at $4.7 billion in a March 2022 fundraising round. He moved to Shanghai in 2005 to develop high-frequency trading software at Fusion Systems. How is Citadel Securities improving the global fixed income market? On the Bloomberg Billionaires Index, Zhao, known as "CZ" in . Meet Vahe Musoyan, one of Wall Streets rising stars, Business Insider: A look inside our summer internship experience. Peng Zhao is 48, he's been the Finance Director, Vice President, and Executive Director of China Life Insurance Co since 2020. Zhao proved so good at growing its products and revenue that when the firm decided it needed a new CEO in 2017, he was the obvious choice. How Ken Griffin rode 2020's crosscurrents to propel his net worth to $20B . FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. In the near term, theyre planning on hiring four more ESG specialists for the capital markets team, which would also be a doubling in size. Mr. Nazarali will become senior adviser to Citadel Securities chief executive officer Peng Zhao on May 1, company spokesman Zia Ahmed confirmed by email. As it battles with billionaire Vincent Violas Virtu Financial, Citadel Securities and other market-making firms are loading up on tech talent like never before. The Womens Tennis Association will continue not to play in China during 2022 until the Peng Shuai situation is resolved. Get notification with the latest net worth updates for free. Peng Zhaos income source is mostly from being a successful Businessman. Christopher Cannon, Dean Halford, Brittany Harris and Julian Burgess, of the total wealth of the 500 richest people in the world, of the top 200 U.S. executives total awarded compensation. Zhao, who was born in China and raised in Canada, founded the company in 2017. In July 2016, Citadel Securities announced that then Microsoft COO, B. Kevin Turner, was joining the firm as CEO. , money, salary, income, and assets. It was 2007. Chinese-American financial services businessman, "If one Citadel is good, could two be better? Discover Peng Zhao's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Dmitry, an extraordinary colleague Watch on "I look at things that are impossible, and they get me excited." Steve Jobs' open letter on Flash. [2], Zhao was a student of the Talented Children Training Program at Beijing No.8 High School from 1993 to 1997, and attended Peking University and earned a bachelor's degree in applied mathematics in 2001. Peng Zhao Net Worth His net worth has been growing significantly in 2020-2021. It should be the last episodes. China Life Insurance Co executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. Please only use it for a guidance and Peng Zhao's actual income may vary a lot from the dollar amount shown above. As a D2C brand, your natural cost structure advantage means theres a lot you can do to entice shoppers to buy directly from you instead of a third-party reseller. If you get the chance to put a headline like that in front of a boss as intense as Ken Griffin, you take it. We have estimated The firm's equities investment group, a focus of its hedge fund strategies, increased its employee headcount by 60 last year, a roughly 20 percent increase. This flurry of bad news is coming hot on the heels of a stellar 2021 for Citadel, a year when the hedge fund gained 26% and Griffin personally earned $2.5 billion. Amanda L Gordon | Sep 21, 2022 (Bloomberg) -- In a few years and. Peng Zhao net worth 366 Million Millions of dollars 99% Net worth score Disclamer: Peng Zhao net worth displayed here are calculated based on a combination social factors. What you intend to accomplish should drive the composition of your CAB, or determine whether you need one at all. Citadel Securities is a tiny company compared to Facebook or Apple. Peng Zhao is Chief Executive Officer at Citadel Securities LLC. Nonetheless, Zhao's early and intense Ken exposure was clearly good for his career, and those mortgage models will doubtlessly have come in useful given the financial crisis around the corner. Zhao Peng has been serving as Finance Director, Vice President and Executive Director in China Life Insurance Company Limited since March 4, 2020. At 39 years old, Peng Zhao height not available right now. The company ended 2020 with net trading revenues of more than $6.7bn, according to people familiar . Peng Zhao Named to Fortune Magazines 40 Under 40 List. Find thousands of jobs in financial services and technology by signing up to eFinancialCareers today. Also learn how He earned most of networth at the age of 37 years old? CA Notice at Collection and Privacy Notice, Do Not Sell/Share My Personal Information. He is currently single. The FTX founder would also be prohibited from using his parents devices. What attracts top talent to Citadel Securities? [10] :The couple also supports Kartemquin Films, a non-profit documentary filmmaking organization, in its efforts to fund filmmakers from the AAPI community through the Peng Zhao and Cherry Chen Fund for AAPI Voices. Many people ask about the amount of money Peng Zhao makes from Instagram. It began to serve as a designated market maker for IPOs a few years ago; last year, Spotify picked Zhaos firm to oversee the music streaming services first-of-its-kind direct listing on the NYSE, bypassing traditional IPO underwriters. peng zhao citadel net worthokinawan sweet potato tempura recipe. Its not easy for Wall Street firms to convince Silicon Valley types to head into finance. But the overall raiding by Wall Street of Silicon Valley talent seems long-lasting. and each individual billionaire profile contains a detailed analysis of how that person's fortune is tallied. His net worth has been growing significantly in 2021-2022. Mr Yang claims that he wasnt given clear guidance on how to manage risks from his home office, and that Instead of my usual access to systems and screens and news streams and data streams and the ability to chat with team members sitting next to me, or to check market color with brokers over the direct lines, I relied heavily on what my colleagues in the office told me. Peng Zhao was born on 1983 in Beijing, China, is a Businessman. Stuart Feldman has played a prominent role in the evolution of the computer industry. A 50% discount is applied due to institutional, regulatory and related risks. RT @pajamajokes: Three apples that changed the world - One seduced Eve, one awakened Newton, the third one was in the hands of Steve Jobs!! The company offers markets in more than 600 cryptocurrencies and has said it has over 120 million users. Zhao is the chief executive officer of Binance, the world's largest cryptocurrency-exchange by trading volume. Peng Zhao was born in Beijing, China. According to the latest Twitter stat on 2023-02-28, Peng Zhao has a total favourites count of 27 on the Twitter account and Peng Zhao has 74 followers on the same Twitter account. Under Zhao, Citadel Securities has not only widened its lead as the top market maker in U.S. stocksthanks in part to the petabytes of data the firm collects to inform its tradingbut also expanded into the hot arena of initial public offerings. Two years after being hired aged 23 to the quant team as a child maths prodigy with a statistics PhD, Zhao got a call to come and help build mortgage models. After working for British intelligence for 30 years, the legal advisor took part in reviewing the involvement of Jho Low in the bond deals. Zhao proved so good at growing its products and revenue that when the firm decided it needed a new CEO in 2017, he was the obvious choice. He may have started as Ken Griffins protg, but the Beijing-born Zhao has earned his own spot at the top of the finance world. 'Frontlines' is a 'Call Of Duty' clone made in Roblox. Assumed the CEO position in 2016 at age of 34. An internship in Japan was followed by a stint at Bloomberg's Tradebook in New York starting in 2001. Its worth keeping an eye on what Ken Griffin is up to if you plan to have a long career. Powered and implemented by Interactive Data Managed Solutions. Zhao's previous role was vice-chairman of Citadel. He obtained a Bachelor's degree in Economics from Hunan College of Finance and . The company offers markets in more than 600 cryptocurrencies and has said it has. Two Sigma Investments, the giant quantitative hedge fund firm, hired Googles former vice president of research and special initiatives, Alfred Spector, and he remains Two Sigmas chief technology officer nearly four years later. 5 Jun. He wasnt impressed, and so is in a position to issue one of bankings most emphatic I-told-you-sos. Thats what makes it so hard to be sure whos in the right in the case of former Credit Agricole gold trader Samuel Yang, currently making its way through the London employment court. Last updated: 1 March 2023 at 11:00am EST. In 2006, he obtained his PhD degree in statistics from University of California, Berkeley. Whatsapp/Signal/Telegram also available (Telegram: @SarahButcher), Bear with us if you leave a comment at the bottom of this article: all our comments are moderated by human beings. Since becoming CEO in 2017, he . At this time a new role, chief scientist, was created specifically for Peng Zhao who was then global head of market making. (, Lauren Callaghan runs Spencer Stuarts specialist, The Goldman 1MDB trial continues to deliver Tim Leissner is taking a break from entertaining us with stories of ten years ago in Asia, but Stephen Flaherty has stepped up. Citadel Securities CEO Peng Zhao (left) and Ken. [14][15] Peng and other founding board members of TAAF committed $125 million to support AAPI organizations and causes at launch. In 2019, Zhao was named on Fortune's 40 Under 40 list. All rights reserved. Partly as a result of an incredible $7bn revenue year in 2021, and also because of the investment made by Sequoia and Paradigm which valued the firm at $22bn, CEO Peng Zhao has decided that "staying under the radar is no longer an option". Citadel Securities CEO Zhao Peng. Moves to Shanghai to join Fusion Systems. (, This list of finance books for people who hate finance is actually quite a good set of recommendations for people who have a love-hate relationship with the industry they work in. [9] At this time a new role, chief scientist, was created specifically for Peng Zhao who was then global head of market making. peng zhao citadel net worth. In addition to his role as CEO of Citadel LLC, Griffin also heads Citadel Securities, the market maker of Citadel Securities, worth $43 billion. [7], Peng Zhao joined Citadel Securities in 2006 as a quantitative researcher. Today, the firm delivers a broad range of equity and fixed income products to 1,600 global clients in 50 countries and jurisdictions around the world. Peng Zhao was born in Beijing, China. Citadel Securities is the nations biggest equity and options market maker, responsible for one in every five stock trades in America and 40% of the retail equity volume. Under Zhao, Citadel Securities has not only widened its lead as the top market maker in U.S. stocksthanks in part to the petabytes of data the firm collects to inform its tradingbut also expanded into the hot arena of initial public offerings. There are 4 executives at China Life Insurance Co getting paid more, with MingguangLi having the highest compensation of $2,354,900. Copyright Citadel Enterprise Americas LLC or one of its affiliates. The valuation is discounted by 50% due to institutional, regulatory and related risks. [5][6] In 2006, he obtained his PhD degree in statistics from University of California, Berkeley. $21.0B can buy Zhao's fortune is derived from his controlling stake in Binance, a crypto exchange. Citadel Securitiesa separate trading part of Griffin's empire run by Peng Zhao . We have estimated Peng Zhao's net worth , money, salary, income, and assets. Peng Zhao (simplified Chinese: ; pinyin: Zho Png) is a Chinese-American businessman who is the CEO of Citadel Securities. Theyre also gaining share in interest rate swaps and Treasury bonds, and keeping an eye on the very large percentage of the worlds asset classes that dont trade electronically. We recommend you to check the complete list of Famous People born on . Peng Zhao's income source is mostly from being a successful Businessman. Peng oversees all market making activities, including trading, sales, research and technology. Peng Zhao, CEO, Citadel Securities Photograph by Lucy Hewett for Fortune Age 36 Title CEO Company Citadel Securities Industry: Finance He may have started as Ken Griffin's protg, but the. Learn How rich is He in this year and how He spends money? She notes that labour is so scarce that theyre having to think out of the box, hiring climate scientists and letting them skill up on finance. Quantitative Researcher - Global Equities HFT. Peng Zhao Net Worth Peng Zhao biography. He later downloaded the Bitcoin white paper and began learning about the technology. In calculating net worth, Bloomberg News strives to provide the most transparent calculations available, An interest in cryptocurrency began in 2013 following a discussion at a poker game. He wrote Make, a key software. Zhao is credited with 90% of Binance based on his public statements and filings in regions where ownership is publicly disclosed. Peng Zhao was a summer associate at Lehman Brothers and served as a quantitative researcher at Evnine & Associates prior to joining Citadel. Not everyone in Miami is so welcoming. The suspected poison attacks are said to have been lasting at least three months and are ongoing. [8] In July 2016, Citadel Securities announced that then Microsoft COO, B. Kevin Turner, was joining the firm as CEO. Peng Zhao is Chief Executive Officer of Citadel Securities, a global financial services firm headquartered in Chicago, with offices across the Unit ed States, Asia-Pacific and Europe. According to The New York Times, it was the single largest philanthropic gift devoted to Asian Americans.[16]. Citadel Securities has 250 clients for its institutional equity options business, as it moves on from its dominance of retail market making. Posted by ; dollar general supplier application; The Citadel founder worth $29.6 billion has ditched Chicago for Wall Street South. After working for British intelligence for 30 years, the legal advisor took part in reviewing the involvement of Jho Low in the bond deals. To be honest, this sounds incredibly annoying; perhaps Citadels staff are driven to success for fear of something similar happening to them. Each net worth figure is updated every business day after the close of trading in New York. A committed civic leader, Peng is a founding board member of The Asian American Foundation and serves on the board of trustees for the Museum of Science and Industry in Chicago and on the Board of Directors of the National Committee on U.S. China Relations. Peng Zhao PROFILE Peng Zhao $1.4B $37M (2.53%) Real Time Net Worth as of 2/28/23 #1974 in the world today About Peng Zhao Zhao founded Chinese online job recruitment site Kanzhun. Changpeng Zhao wrote on Twitter that the decision to offload $580 million worth of FTT tokens was due to recent revelations that have come to light.". It's not a given that Citadel Securities will come to dominate the sales & trading space. Nevertheless, Wall Street trading firms are increasingly able to entice technologists from non-financial firms with competitive pay packages and the promise of doing work that will be recognized. Matt works closely with CEO Peng Zhao on firm-wide strategy and management and oversees leaders responsible for Citadel Securities' day-to-day operations. (Literary Hub), This week is the Cheltenham Festival, so we congratulate Christopher Furness, who does private placements in the City of London all week, then returns to Yorkshire and changes his name to Christy to race horses. Halfway down the article, a spokesperson is quoted denying that the company revels in hiring talent from Goldman Sachs or anywhere else, immediately followed by an external industry analyst saying they have won so profoundly. Whats going on here? 1983PhDCitadelSecuritiesCEObamboo ceiling. Although Peng Zhao doesnt really give away much in terms of Citadel Securities current plans, priorities or internal culture, he makes up for it with Ken stories. Citadel Securities Opens Tokyo Office, Continuing Global Expansion, Citadel Securities Ranked #2 on the 2022 LinkedIn Top Companies List in Financial Services, Citadel and Citadel Securities to Relocate HQ from Chicago to Miami, Citadel Securities Announces $1.15 Billion Investment from Sequoia and Paradigm, Layla Royer Among the 50 Leading Women in Hedge Funds, Citadel Securities Expands Leading DMM Business, Citadel Securities Expands Asia-Pacific Presence, Citadel Securities Named Among 2020 Best Workplaces in Chicago by Great Place to Work, Citadel Securities Named to Fast Companys Annual List of the Worlds Most Innovative Companies, FT: Top NYSE Trader Readies for Uber IPO Scrum, Worth the Share: Business Insider on Citadel Securities Designated Market Making Business, Citadel Securities Wins Leading Industry Awards, Global Exchange Leaders: Edward Tilly, Chairman & CEO of Cboe. By navigating this website you agree to our cookie policy. He's now worth $27.2 billion,. He is also Chief Financial Officer in China Life Insurance (Group) Company. Peng Zhao Social Network Peng Zhao was born in Beijing, China. He is a member of famous Businessman with the age 39 years old group. She also says that the most desirable professionals are now only interested in leading names which take the field seriously; its getting harder to recruit people to tick box ESG operations. 2023 Forbes Media LLC. Nowadays, people have started supporting his work and Peng Zhao Net Worth | Age, Height, Weight, Dating And More Read More All rights reserved. Binance is the world's largest cryptocurrency-exchange by trading volume, according to its website, and had more than 90 million users at the end of 2021, according to Zhao. (Bloomberg). Prior to joining the firm, he was a Summer Associate with Lehman Brothers and served as a Quantitative Researcher for Evnine Zhao, who became a U.S. citizen in 2016, has since turned Citadel Securities into the go-to firm for the pioneering practice: It managed Slacks highly anticipated direct listing in June, after serving in the same role for Ubers traditional IPO this spring. Were proud that our CEO Peng Zhao was highlighted as one of Fortune Magazines 40 Under 40, an annual list of the most influential young people in business. Peng, who started at Citadel Securities as a Senior Quantitative Researcher in 2006, has built our firm into an innovative quantitative trading firm and market maker that pairs cutting-edge analytics with innovative engineering techniques to improve markets across the globe.
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