Discover your dream Career
For Recruiters

Citadel Securities hired Schonfeld's head of macro research

Jaime Villa, the former head of macro research at hedge fund Schonfeld, has resurfaced and not at a hedge fund.

Get Morning Coffee  in your inbox. Sign up here.

Villa is joining electronic trading firm Citadel Securities. In a post on social media today, he said he's joining Citadel Securities' principal strategies group in London. 

Citadel's principal strategies team is run by global head of fixed income Shyam Rajan. Rajan has been building out the team globally, although it's not thought that Villa is joining his team. Bloomberg reported last week that Citadel Securities has been adding to its 120 strong rates trading team in London and Paris, and has hired three sterling rates traders and five salespeople based in London, alongside four euro rates traders and two salespeople in Paris under global head of rates trading Michael De Pass.

Villa's exit from Schonfeld came as the fund has reportedly changed its macro focus. Business Insider reported last week that it's focusing on relative value offerings instead of directional investments. There have been a number of macro departures in addition to Villa, including Brent Cook, Igor Ninkovic and Jérôme Saragoussi. 

Schonfeld is also hiring. Business Insider said it's added former Barclays rates trader Jordan Barnes and the Citi bond trader Rahul Mehra.

After struggling in 2023, Schonfeld is one of the top performing hedge funds this year: it reportedly returned 8.2% through to June. 

Villa has spent his career on the buy-side. He started at Pimco in 2007 and after staying there for nearly seven years has subsequently tended to change jobs every 24 months or so. Schonfeld hired Villa in 2022 to run research for a new macro trading team, based in London. The FCA Register shows that he left again in March 2024.  

Citadel Securities declined to comment.

Have a confidential story, tip, or comment you’d like to share? Contact: +44 7537 182250 (SMS, WhatsApp or voicemail). Telegram: @SarahButcher. Click here to fill in our anonymous form, or email editortips@efinancialcareers.com. Signal also available.

Bear with us if you leave a comment at the bottom of this article: all our comments are moderated by human beings. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. Eventually it will – unless it’s offensive or libelous (in which case it won’t.)

author-card-avatar
AUTHORSarah Butcher Global Editor

Sign up to Morning Coffee!

Coffee mug

The essential daily roundup of news and analysis read by everyone from senior bankers and traders to new recruits.

Boost your career

Find thousands of job opportunities by signing up to eFinancialCareers today.
Recommended Articles
Recommended Jobs
Deutsche Bank
Trader - Vice President
Deutsche Bank
New York, United States
Carisbrook Partners
G10 STIR FX Trader
Carisbrook Partners
London, United Kingdom
One Paramount Recruitment Limited
Macro Research Analyst, Established Asset Management
One Paramount Recruitment Limited
Hong Kong

Sign up to Morning Coffee!

Coffee mug

The essential daily roundup of news and analysis read by everyone from senior bankers and traders to new recruits.