He is based in Los Angeles and New York. Since becoming CEO in 2017, he . She is a fourth generation Japanese American from Orange, CA, and attended UCLA and the Harvard School of Public Health. [7] Peng Zhao joined Citadel Securities in 2006 as a quantitative researcher. After the Atlanta shooting in 2021, Peter wanted to give back to the AAPI community, so he joined in April of 2021 to help launch TAAF. Before joining PepsiCo, she served as the inaugural Director of the Women in the World Foundation, a public charity founded out of Tina Browns Women in the World Summit at Newsweek & the Daily Beast and managed Goldman Sachs Gives, a billion dollar charitable fund for the partners of Goldman Sachs. Sruthi resides in San Antonio, Texas, with her husband and daughter. Prior to joining TAAF, Tong Yuan has worked in refugee employment services at the International Rescue Committee and as the coordinator of a healthy corner store program in Pittsburgh with Just Harvest. She serves on the board of the Asian Health Services Foundation, is an inductee of the Alameda County Womens Hall of Fame, an alumnus of Leadership California and recipient of the Asian Business Leagues Leadership Award. Citadel Securities, founded by Ken Griffin in 2002, is separate from hedge fund Citadel, the $43 billion enterprise that has boosted Griffin's net worth to $21.3 billion. By clicking Sign up, you agree to receive marketing emails from Insider "We want to be able to tell our own story, rather than having the story told about us.". In 1995, he was named General Manager of Corporate Planning at MC and in 1998, General Manager for Regional Strategy and Coordination. After all, if making money off Robinhood traders has been easy, profiting from rubes who have given Dogecoin a market cap of $20 billion should be a snap. Partly as a result of an incredible $7bn revenue year in 2021, and also because of the investment made by Sequoia and Paradigm which valued the firm at $22bn, CEO Peng Zhao has decided that "staying under the radar is no longer an option". Born in South Korea, raised in Pennsylvania, Kim began his career on stage after graduating from Haverford College and earning an MFA from NYU. In addition to his role as CEO of Citadel LLC, Griffin also heads Citadel Securities, the market maker of Citadel Securities, worth $43 billion. . It will take away from our ability to provide a social safety net, our ability to invest in research and development and to invest in education or infrastructure., Its already happening. He served as lead China advisor on over $200 billion of completed China transactions and led investments alongside Chinas most significant commercial and financial players. She believes deeply in racial justice and equity and has devoted her career to extending opportunity to historically marginalized communities, by building coalitions to build power. Suddenly, everybody was following the inspiration of Lin that is forever known as Linsanity.. . She joins TAAF from the University of California, Hastings Law where she served as a lead administrative assistant to UC Hastings faculty. He reckons he has personally interviewed no fewer than 10,000 candidatesroughly two per dayover his career. In 1978, Mr. Sakurai served as a Loan Officer with the World Bank and as an Investment Officer at the International Finance Corporation in Washington D.C. During the pandemic, Griffin donated more than $50 million to vaccine development and other Covid-19-related programs. At PepsiCo, Prisca oversaw the gender diversity and womens strategy for the Global Diversity & Engagement Center of Excellence. Marcelo also co-founded Landit, the career-centric online platform that connects women and diverse groups with such resources as career coaching and personal branding tools. "History repeats itself. As an active member in the community, Park has led McKinsey's research on accelerating growth and competitiveness in U.S. industry, including the McKinsey Quarterly article Translating innovation into US growth and work with the Brookings Institute, World Economic Forum, and state governments. Both VCs are aggressively involved in crypto, signaling a shift for Griffin, one of the most vocal critics of digital assets. They still guard their inner workings as if characters in a John Le Carr spy novel, but some prop traders have dropped their veil of secrecy a smidge as their heft has ballooned. After investors filed numerous lawsuits and the SEC launched an investigation, Griffin told Congress under oath that he had no communication with Robinhood. What's next for bonds in 2023 after the worst year in history, Medicare just crushed the hopes of 750,000 Alzheimers patients a year. Originally from Beijing China. The investment values Citadel Securities at about $22 billion. But also, Jump Crypto isn't just a trading firm; it's also investing in start-ups, and half of its developers are dedicated to building its own protocols, according to CoinDesk. Citadel Securities CEO Zhao Peng. Joshua Cooper Ramo is Chairman and CEO of Sornay. Mee Moua is a racial healing, racial equity consultant who provides training, facilitation and coaching support for individuals and organizations seeking equity transformation. Eugena Oh serves as the Regional Director, Greater NYC Area, at The Asian American Foundation. Park and his wife and three children reside in New York City. cum laude from Harvard Law School, and his A.B. The program earned the prestigious Peabody Award in 2011 and has received multiple Emmy nominations. He previously served on the boards of Cisco Systems and Asian Pacific Fund of San Francisco. He was named to Fortune Magazines 40 Under 40 list, which noted that under his stewardship, Citadel Securities has not only widened its lead as the top market maker in U.S. stocks, but also emerged as a transformative influence in new and growing markets. She innovated grantmaking strategy in several areas, including early support for mens efforts to address masculinity and violence, and launched the first collaborative fund in the country focused on young women and gender non-binary youth of color. Longer term, Griffin sees a flock of black swans looming. Citadel Securities, founded by Ken Griffin in 2002, is separate from hedge fund Citadel, the $43 billion enterprise that has boosted Griffin's net worth to $21.3 billion. DRW was one of the earliest financial institutions to embrace bitcoin, mining and trading the digital asset through its Cumberland subsidiary starting in 2014. He co-founded Ethos Brands, the business that launched Ethos Water, the bottled water that helps children around the world access clean water. She also has promoted representation of Asian Americans in media and society, civic participation, ESOL, and educational access. magna cum laude in government from Harvard. The couple also founded the Wu Tsai Institute at Yale University to focus on understanding human cognition and exploring human potential by sparking interdisciplinary inquiry among the psychological, biological, and computational sciences. Citadel Securities is run by a Beijing-born data genius named Peng Zhao, 40. . Citadel Securities is poised to receive its first round of outside investment, with a capital infusion of $1.15 billion from Sequoia Capital and Paradigm, The Wall Street Journal reported on Tuesday. The company . "Ive long believed that education is one of the most powerful tools in bridging cultures and bringing people together to create change. Video- Jesse Dylan, Priscilla Cohen, Natsu Furuichi, Graham Riley, Janine Sax, Sarah Choi, Yvonne King, Jaime Arze, Michael Aloyan, Charles van der Poel, Abhi Chacko, Ali Rubin, Patti Solis Doyle, Wenchi Wei, Selena Shen, Nik Deogun, Tanya Takahashi, Deepali Bagati, Neal Arthur, Karl Lieberman, Tobey Bennett, Madeline Parker, Gino Click, Kevin Kaminishi, Yukino Moore, Jasmine Sarbaz, Andy Lindblade, Alysha Kishan, Jesse Collins, Kimmie Kim, Carol Donovan, Sandra Restrepo, Joe Bouye, Amanda Silverman, Anna Bailer, Chelsea Thomas, Sandi Halimuddin, Christine Su. Chen was a presidentially-appointed member of the Social Security Advisory Board and a senior appointee at the U.S. Department of Health and Human Services during the George W. Bush Administration. Despite the dark clouds, Griffin doesnt think investors should be freaked out by the surge in commodity prices. Audrey Yamamoto currently serves as the Chief Operating Officer of The Asian American Foundation (TAAF). It has put a great burden on our fiscal deficit and locked in a huge liability for the next generation. Some of her clients are local and State elected officials, community and national foundations, colleges and universities, and non-profits. She was a Women Deliver Young Leader and a Global Health Corps Fellow. Peng Zhao is Chief Executive Officer of Citadel Securities, a global financial services firm headquartered in Chicago, with offices across the United States, Asia-Pacific and Europe. from the University of California, Berkeley School of Law. Aryani has spoken before diverse audiences, including as an invited US expert before the UN Committee for the Elimination of Racial Discrimination. He is a Henry Crown Fellow of the Aspen Institute and a member of the Council on Foreign Relations. Ramo has been a Crown Fellow of the Aspen Institute, a term member of the Council on Foreign Relations, a member of the Asia21 project, a member of the World Economic Forums Global Leaders for Tomorrow, and a founder of the US-China Young Leaders Forum. Peng Zhao (simplified Chinese: ; pinyin: Zho Png) is a Chinese-American businessman who is the CEO of Citadel Securities. He also helped found and leads Asians at McKinsey, their Asian employee resource group. Being in the weedsKen redefined it for me.. Prior to joining TAAF, Christine was an Operations Associate on the Conservation and Markets Initiative at the Gordon and Betty Moore Foundation, in which her team partnered with NGOs and the private sector to reduce overfishing and the degradation of ecosystems that result from the production of globally traded agriculture and seafood commodities. Prior to joining TAAF, Isabel served as the Controller at Devoted Health, a health tech startup serving seniors in America who opt for a Medicare Advantage Plan. The firm started out trading Eurodollar options with an eye toward exploiting technology and the rise of electronic trading. She is a senior fellow with the Future of Diplomacy Project at the Belfer Center for Science and International Affairs at the Harvard Kennedy School and an adjunct senior fellow at the Council on Foreign Relations. It may help that cryptocurrencies are still nascent, growing markets and not nearly as competitive for trading profits as traditional asset classes. She was inspired by her North St. Louis County community to work toward racial and socioeconomic justice. She grew up in Ann Arbor, Michigan. Stella was the recipient of the UC Hastings Certificate of Leadership and the UC Hastings Outstanding Contribution by Staff during her time there. At Stanford, he has served twice on the board of trustees, the first time from 2005 to 2015. in Political Science. She is active in non-profits, public advocacy, and advising on emerging markets. He has worked for UNDP in Micronesia, and served as a delegate to the Secretariat of the Pacific Regional Environmental Program and WASC accreditation teams for universities and colleges in the Pacific. In his free time, he enjoys serving as a youth group leader, playing basketball, snowboarding, and spending time in nature with his wife and daughter. Sruthi holds an MSc in Comparative Social Policy from the University of Oxford, where she was a Felix Scholar and Maude Royden Fellow, and an MA in Economics from the Indian Institute of Technology (IIT-Madras). Griffin employs smart mathematicians and scientists who harness cutting-edge technologypredictive analytics, machine learning and artificial intelligenceto analyze huge amounts of data in real time. Sheila Lirio Marcelo is a Filipina American Founder, former Chairwoman and CEO of Care.com. Citadel founder and CEO, Ken Griffin: "The catastrophe in Ukraine is a giant unforced error.". Adds another billionaire investor who wishes to remain anonymous: Griffin has reduced the cost, processing and deployment of technology so that its very, very hard for others to compete with Citadel.. Griffin says he made his first stock market windfall trading on advice he learned in the pages of Forbes. Mr. Bae serves on the boards of a number of non-profit educational and cultural institutions including as a trustee for Phillips Andover Academy, the Global Advisory Council at Harvard University and a board member of Lincoln Center. Yang and Akiko were early supporters of UCSFs Covid-19 Response Fund. She is the Class of 1951 Chair for the Study of Leadership at West Point. Fareed Zakaria has hosted CNNs flagship international affairs program, FAREED ZAKARIA GPS, since 2008. This flurry of bad news is coming hot on the heels of a stellar 2021 for Citadel, a year when the hedge fund gained 26% and Griffin personally earned $2.5 billion. There will be serious repercussions, with Russia, China and others seeing no option but to diversify away from the greenback. They're privately owned and, unlike hedge funds, don't manage outside money. After a successful 40-year career in the private sector, Sakurai was the first business executive to serve as Ambassador and Consul General of Japan in New York. Joy joins TAAF from Team Rubicon where she served as its first head of communications. Lee has been featured in PBSs film series Asian Americans and has been interviewed for many news shows, podcasts, and publications. He bought put options, betting that the stock would fall, and made a few thousand after it collapsed. The wages are derived from the average compensation that similar employees are paid in a given job and industry, known as the "prevailing wage." Jonathan has been recognized on multiple occasions for his leadership at ADL. Peng Zhao is Chief Executive Officer of Citadel Securities, a global financial services firm with offices across the United States, Asia-Pacific and Europe. Christine received her BA in Economics with a minor in Global Studies at UCLA and her MBA at Santa Clara University, Leavey School of Business with a triple concentration in Leading Innovative Organizations, Entrepreneurship, and Marketing. We live in purgatory: My wife has a multimillion-dollar trust fund, but my mother-in-law controls it. $1 Million - $5 Million. In addition to Citadel Securities and Jump, other top market makers on the list include: DRW, Hudson River Trading, Jane Street, Susquehanna International Group, and Tower Research. Prevailing wage sets a floor for their salary, but salaries are commonly higher than the prevailing wage. Claire Kai-Li Mondry serves as a Development Associate at The Asian American Foundation (TAAF). The culture of participation trophies is not going to create the leaders we need to run our country in business or politics., This Russia-Born Billionaire Owns One Of The World's Largest Game Developers. Salary in 2020. In 2020, amid a pandemic-induced spike in trading, DRW earned revenues of $1.5 billion and earnings before taxes, depreciation, and amortization of $750 million, according to a Bloomberg report. He is a veteran of several high-profile campaigns and served as policy director and chief policy adviser for Governor Mitt Romneys 2012 bid for the presidency; a senior adviser to Marco Rubios 2016 presidential campaign; and a health policy adviser to the Bush-Cheney 2004 campaign. Naheed also served as the co-chair of the Leadership Conference on Civil and Human Rights Hate Crimes and Bigotry Taskforce. . Fatima has a Bachelor's degree in Sociology with a minor in Anthropology from Washington University in her hometown of St. Louis, Missouri. He is featured in the Smithsonian Institutes Family of Voices, part of the ongoing Many Voices, One Nation exhibition at the National Museum of American History. Though it collects a fraction of a penny per share on each trade, Citadel Securities brought in $7 billion in revenue in 2021, and for the first time Griffin agreed to share part of his empire with outsiders, selling a 5% stake to two blue-chip venture capital firms, Sequoia and Paradigm. Beeson and Peng Zhao, chief executive officer of Citadel Securities, also gave Vallas $100,000 each. She serves on the Boards of the Interfaith Center of New York and Rahimafrooz Renewable Energy Ltd. She is listed in the United Nations Alliance of Civilizations Global Expert Finder. Previously, Audrey served as the Executive Director of the Childrens Creativity Museum in San Francisco, where she led the organization through a strategic rebranding initiative that yielded unprecedented growth. She is a highly creative marketing and communications executive with a depth of experience building brand and comms strategies, negotiating key press placements, developing social media campaigns, executing stunts and events, establishing innovative partnerships and managing talent in both the profit and non-profit space. Over eleven years at I Have A Dream, Eugena focused on unifying its federated affiliates around a shared vision and goal for multiple pathways to success for its youth (Dreamers). Fatima began her career in philanthropy and nonprofit work, focusing on racial justice and education equity. But thats short-term thinking. He had a part-time job at IBM as a teenager and also started a software business that sold educational programs at a discount to professors. Sruthi brings her lived experience as a first-generation Indian American and a recent immigrant to the United States, along with her professional expertise in research and monitoring, evaluation, and learning, to TAAF. She currently works and lives in Maryland with her husband and their three children. SIG has become a prominent venture and private equity investor as well, and it recently launched a business deploying its quant-trading know-how to make markets on legal sports betting exchanges. Kevin Turner, chief executive officer of hedge-fund Citadel LLC's electronic market-making unit, has stepped down after joining the firm less than a year ago from . Prisca Bae joins the Asian American Foundation from the private sector where she designed and launched philanthropic and social impact initiatives centered around communities of color and women. Ms. Khan also helped found the Muslim Bar Association of New York. Perhaps the biggest risk, Griffin says, is the weaponization of the dollar now that Western powers have cut off Russias access to bank accounts containing hundreds of billions of dollars in cash and securities. Park was selected as a David Rockefeller Fellow of the Partnership for New York City in 2011-12. Eugena is an alumna of the University of Pennsylvania, Temple Universitys Beasley School of Law, and Columbia Business Schools Senior Leaders in Nonprofit Executive program. During the Obama administration, she served for the U.S. Department of Homeland Security as Acting Assistant Secretary and Deputy Assistant Secretary for International Policy. He wrote Make, a key software. Tong Yuan was adopted from China and raised in Seattle, Washington. In addition, she is a founding partner of Rice, Hadley, Gates & Manuel LLC, an international strategic consulting firm. Today, these "Flash Boys" as they were dubbed in the 2014 book by Michael Lewis are among the most powerful and influential trading juggernauts in the markets. She is also a published writer with her essays on food, identity, and belonging featured in the Fordham Undergraduate Research Journal and Bricolage Magazine. Eric is also an advisor to many disruptive startups like Yumi, Wardrobe, Upaway, Fyllo, and many others. Peng has led the company through a period of continued growth and sustained expansion. His thoughts on human resources have been shared in conferences, presentations, and the media. A 30-year activist, Aryani carried out landscape studies on Asian American community organizations for Harvards Civil Rights Project and the Urban Institute, where she also co-authored Advancing Equity for AAPI Communities. In June 2021, Griffin ordered most of his 4,000 employees back to work. What broke the quiet prop trader out of its shell? Holyoke College, which also conferred upon her an honorary Doctorate of Human Letters in 2015. Vladimir Putins mechanized assault on Ukraine has stalled; hes now making veiled threats about nuclear strikes. Rice also served as President George W. Bushs Assistant to the President for National Security Affairs, the first woman to hold the position. from Georgetown University Law Center. He previously served as Head of Global Market Making, where he oversaw Citadel Securities'. Ethos was acquired by Starbucks Coffee Company in 2005. We must all speak up, no matter who we are, especially now.". Another directs browsers to the company's crypto initiatives, where Jump is not bashful at all. He also serves as director of the Monterey Peninsula Foundation and a trustee of Dunhuang Foundation (USA). the setting of the American era of technological An honor student at Boca Raton Community High School, he was a computer whiz and president of the math club. A graduate of Hunter College School of Social Work and Princeton, Eng studied community organizing, politics, and teacher preparation. Following the acquisition, Jonathan was named VP of Global Consumer Products at Starbucks and joined the board of the Starbucks Foundation. Christine Ho is the Development Associate at The Asian American Foundation, playing a key role in advancing TAAF's mission and vision through revenue-generating activities and partnerships for TAAF. Born and raised in the Philippines, Marcelo graduated magna cum laude with a bachelors degree in economics from Mt. Founder, AME Cloud Ventures, Co-Founder, Yahoo! As a venture capitalist, Norman led successful life sciences investments at Fidelity Asia Ventures (now Eight Roads) and 6 Dimensions Capital. Peng Zhao is Chief Executive Officer of Citadel Securities, a global financial services firm with offices across the United States, Asia-Pacific and Europe. From 1990 to 1996, Li Lu attended Columbia University and became one of the first students in the universitys history to graduate with three degrees simultaneously: B.A., J.D., and M.B.A. from Columbia College, Law School, and Business School.. The firm hired 67 roles via the H-1B program last year, including 24 software developers. The firm was founded 2000 by defectors from Susquehanna International Group and maintains an offbeat identity, according to a 2021 profile in the Financial Times. Ms. Khan served as the Country Director for The Foundation for Charitable Activities in Bangladesh, and as the first Director of Legal and Compliance at BRAC, the worlds largest NGO. As a college student, he participated in the Tiananmen Square student movement in 1989. The impetus for the purchase was reportedly from his son: Dad, you have to buy the Constitution!, Citadel has an intense sink or swim culture. What has driven those returns is his close study of macrotrends and his uniquely powerful position at one of the fulcrums of global finance. She lives on the East Coast where she participates in several social justice giving circles. Under Review. Chao holds an undergraduate degree from Harvard, where she graduated magna cum laude in Economics in three years, and earned her MBA degree from Harvard Business School. His rise to prominence spread like wildfire during February 2012, when he took over the starting point guard role for the struggling New York Knicks and began one of the most improbable journeys sports has ever seen. Sruthi also has extensive experience generating and using evidence to inform policy and programming across diverse contexts. Baonam Nam Giang serves as the Community Engagement Manager for the Anti-Hate and Belonging Program at The Asian American Foundation (TAAF). Zoom Cares, the social impact arm of Zoom, puts the full weight of the companys platform, dollars, employees, and voice behind a commitment to foster equity, democratize opportunity, and address some of humanitys biggest challenges. He is currently based in Washington DC. Zhao, who became a U.S. citizen in 2016, has since turned Citadel Securities into the go-to firm for the pioneering practice: It managed Slack's highly anticipated direct listing in June,. Mr. Nazarali will become senior adviser to Citadel Securities chief executive officer Peng Zhao on May 1, company spokesman Zia Ahmed confirmed by email. He has faith that those price spikes will ultimately resolve themselves. Naheed also worked for the City of Los Angeles Department of Neighborhood Empowerment and the national legislative office of the ACLU. This is a form of inflation self-imposed by our policy decisions in Washington, he says. DRW hired the fewest employees via H-1B visa on this list, with just 21 in total. Previously, he was CEO and Vice Chairman of Kissinger Associates and the Foreign Editor and Senior Editor of TIME Magazine. She resides in Austin, TX and speaks Mandarin Chinese. He later installed a satellite dish on the roof of his dorm so he could pipe real-time quotes directly into his IBM PC. In hindsight, maybe it wasnt a great idea for Ukraine to have taken Americas advice in the 1990s and returned its nuclear weapons to Russia after the Soviet Unions collapse. Underwood has served on numerous boards and commissions. Her 10+ years of experience include serving as Director of Worldwide Publicity for Sony Pictures Entertainment and consulting on communication strategies for AAPI talent and activists. Daniel Dae Kim is an actor, director, and producer who captivates global audiences with compelling performances across film, television and theater. Citadel Securities is now among the largest institutions executing trades in options and equities, handling one-quarter of the US equities volume across a broad swath of the market and handling more trades from individual investors than any other firm. Today theyre free. Amid The Ukraine War, He Navigates A Company In Turmoil, The Worlds Richest Sports Team Owners 2022: Abramovich Drops Off As Ballmer Rises. At the ACLU, she focused on racial profiling, voting rights, the USA Patriot Act and other national civil rights issues. degree in Critical Social Thought, cum laude, from Mount Holyoke College and a Certificate in General Course in Government at the London School of Economics. She was nominated for a Nobel Peace Prize in 2019. I mean, the amount of value that we have shifted to retail investors has been stunningand my firm has been one of the biggest drivers of that phenomenon.. She also served as chief of staff to PepsiCos Global Public Policy and Government Affairs group. And right after Citadel reached settlement with Chinese communist government. He is from China. There are 4 executives at China Life Insurance Co getting paid more, with Mingguang Li having the highest compensation of $2,354,900. Howard Ou is joining The Asian American Foundation (TAAF) as the Director of Government Relations. Over the years, he has made opportunistic acquisitions. She serves on the boards of Scholars at Risk, African Leadership University, and the Massachusetts Museum of Contemporary Art (MASS MoCA). We're proud that our CEO Peng Zhao was highlighted as one of Fortune Magazine's 40 Under 40, an annual list of the "most influential young people in business." Peng, who started at Citadel Securities as a Senior Quantitative Researcher in 2006, has built our firm into an innovative quantitative trading firm and market maker that pairs cutting-edge analytics with innovative engineering . From 2003 to 2005, Kim served as Director of the World Health Organizations HIV/AIDS department and led their 3 by 5 initiative, the first-ever global goal for AIDS treatment to expand access to antiretroviral medication. Active philanthropists in education and research, the Tsais established the Wu Tsai Neuroscience Institute at Stanford University, dedicated to understanding how the brain gives rise to mental life and behavior, both in health and in disease.