BusinesssInsider writes that when Vikram Pandit became CEO at Citi, the quantitative trading "secret genius" Shakil Ahmed was one of his first hires. And despite the challenges presented by the Volcker Rule, which will soon prevent Ahmed from doing his job, prop trading, Ahmed is sticking around, according to Bloomberg. The decision to keep him (in a different role) is different from what seems to be happening at other firms dealing with the Volcker Rule, so the question is, why?
It might be obvious. First, because Citi made the same move with at least one other prop trader, Sutesh Sharma.
Second, because Ahmed is a big deal. He came from Morgan Stanley, where he spent thirteen years running the main proprietary trading businesses….
Read more at:
http://www.businessinsider.com/shakil-ahmed-2011-6
No comments:
Post a Comment