- Citadel Securities CEO Peng Zhao's rise to Wall Street leadership involves a story of perseverance, starting from his youth in Beijing.
- Zhao now runs one of the most important US market-makers, generating about $7.5 billion in revenue last year.
- Citadel Securities aims to grow in Asia and Europe and expand beyond stocks and options to play a bigger role in fixed-income and rates trading.
- Zhao is focused on rewiring Wall Street markets with new systems for handling orders from institutional and retail clients.
- If Citadel Securities eventually sells shares to the public, it would put an overdue spotlight on Zhao's leadership.
Ken Griffin’s Hand-Picked Math Prodigy Runs Market-Making Empire
Citadel Securities CEO Peng Zhao left for college at age 14, caught Griffin’s eye early in his career and built systems now mopping up market share
Katherine Doherty
/cloudfront-us-east-2.images.arcpublishing.com/reuters/RCWZE2OK3BNCJNRVFOS74NYF7M.jpg)
