CHICAGO (HedgeWorld.com)–Citadel Investment Group LLC hired Mary Keefe as associate general counsel and head of global compliance for the US$9.5 billion hedge fund firm, a new position.
Ms. Keefe, who will start her new job in January, most recently was regional director of the U.S. Securities and Exchange Commission’s Midwest Regional Office in Chicago.
In a news release, Citadel Founder and Chief Executive Officer Ken Griffin said Ms. Keefe’s hiring was meant to help put Citadel “at the forefront in establishing best practices for our industry. …”
Ms. Keefe has spent the past 21 years at the SEC, the last nine as regional director. Her regulatory experience likely will be valuable for Citadel as the SEC considers how it might regulate the hedge fund industry. Among the recommendations SEC commissioners are examining is requiring hedge fund managers to register as investment advisers Previous HedgeWorld Story.
John G. Gaine, president of the Managed Funds Association, Washington, has said the association believes hedge funds are subject to enough regulation and that mandatory registration of managers is unnecessary Previous HedgeWorld Story. Adam Cooper, Citadel’s senior managing director and general counsel, was elected chairman of the Managed Funds Association in October Previous HedgeWorld Story.