Kenneth Griffin started trading from his dorm room at Harvard University with funds he had raised through friends and family. He graduated with an Economics degree. He then joined Glenwood Partners to work with his mentor Frank Meyer. This mentor helped him grow until he was ready to establish Citadel.
Citadel Investment Group is a company founded in 1990 by Ken Griffin. The Citadel’s headquarters are in Chicago, Illinois. Citadel is a global financial institution. The company has two primary businesses: Citadel Securities a front runner in the market, they trade goods including interest rate swaps,and equity options for clients. As well as the original Citadel this is now a leader in asset management.
Citadel has been acknowledged through various awards and accolades as one of the best workplaces in the finance field. Citadel is ranked third against other hedge funds globally. Citadel has played an active role in market structure issues and has advocated for financial legislation. Griffin strongly disagreed with the 1999 repeal of the provisions from the Glass – Steagall ACT, which parted trading and banking done by fiscal firms. He wanted better transparency in trading which is a position that not many in his position would take. His company spoke out against others who were trying to the Dodd-Frank Act.
Citadel has partnered with many food banks in the United States. Citadel mentors high school students who are low income. Citadel became partners with the National Museum of Mathematics to help support and prepare science and math students. Griffin has donated millions to fund many foundations, especially institutions in Chicago. Griffin helped to fund and support Woodlawn High School in Chicago, which is a charter school. As well as donating to the Children’s Memorial Hospital. Citadel Group Foundation has contributed to public education, the Art Institute of Chicago, the Children’s Memorial Hospital in Chicago, the Chicago Public Library and the Chicago Symphony Orchestra. He contributes to the Robin Hood Foundation.
Griffin has put into place a cooperative work philosophy that put his company on the list of best places to work in the industry. Griffin has taken a stand on market structure and financial regulations from a position of power. Going so far as to testify at a U.S. Senate hearing, bringing forward the need for better regulation in the industry to help increase the equality and flexibility of the nation’s Equity markets. CFO Magazine included Griffin in their global 100 which is a list of the people with the greatest significance to the financial community. On reaching almost two decades in his field, he has received many acclaims. He has been on the list of Forbes top 400 multiple times. Griffin assists with Capital Market Regulations. Griffin is a member of the G100a group of CEOs that converse about the state of global finance. In 2014, Griffin is a trustee of the University of Chicago’s Board, the Whitney Museum of American Art, the Museum of Contemporary Art and the Art Institute of Chicago.