Billionaire Ken Griffin’s Citadel Opens Singapore Office

  • Singapore office to be shared by hedge fund, securities units
  • Securities arm also to expand in Hong Kong, Shanghai, Sydney
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Billionaire Ken Griffin’s finance companies plan to open a Singapore office this year in a fresh push to expand in Asia.

The new office will be shared by his Citadel hedge fund business and the market-making Citadel Securities LLC unit, the Chicago-based firm said in an e-mailed statement Monday. Both will continue to grow their Hong Kong operations, and Citadel Securities is expanding in Shanghai and Sydney as it broadens trading activities, the company added.