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Citadel Securities. repercussions to the In other words, hes interested in how the reaction to one disaster reduces the number of good options available for dealing with the next one. In 2015, Kim launched his production company 3AD to feature traditionally underrepresented in front of and behind the camera. Li Lu is the founder and Chairman of Himalaya Capital, a multi-billion-dollar investment firm that primarily focuses on long-term investment opportunities in Asia and the U.S. Li Lu is the Founder and Chairman of Himalaya Capital, a multi-billion-dollar investment firm that primarily focuses on long-term investment opportunities in Asia and the U.S. Li Lu was born and raised in China. When US companies file paperwork for visas on behalf of current or prospective foreign workers, they're required to say how much base compensation the workers are offered. Over the course of Care.coms growth, Marcelo has also been honored with numerous accolades, including one of the "Top 10 Women Entrepreneurs" at Fortune's Most Powerful Women Summit and Fortune Magazine. Prior to her work in Washington, D.C., she was an attorney and a member of the Minnesota State Senate. Yang and Akiko were early supporters of UCSFs Covid-19 Response Fund. 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 joined the Justice Department through the Attorney Generals Honors Program where she acted as an attorney advisor to Immigration Judge Ellen K. Thomas. CEO, Citadel Securities Peng Zhao is Chief Executive Officer of Citadel Securities, a global financial services firm with offices across the United States, Asia-Pacific and Europe. Since 2016, Ken Hersh has served as President and CEO of the George W. Bush Presidential Center, a non-partisan institution which houses the George W. Bush Presidential Library and Museum and the George W. Bush Institute. In fall 2020, the Muhammad Ali Center named Pandith the first-ever Muhammad Ali Global Peace Laureate. In 1990, at age 22, with additional backing from Meyer, Griffin launched what would eventually become Citadel Investments, an early quant shop with one computer, two employees and $4.6 million in funds. Jane Street reaped $10.6 billion in net trading revenues and $7.8 billion in ebitda in its fiscal year that ended in March of 2021, according to Bloomberg, thanks in part to trading volatility stoked by the pandemic. He bemoans Americas economic response to the pandemicessentially flooding the zone with $5 trillion in federal stimulus spending. Zoom is a proud partner of TAAF on the AAPI Giving Challenge. That means Gorton has more frequently found himself in the spotlight, an outspoken counterexample to his more secretive HFT peers. Park was selected as a David Rockefeller Fellow of the Partnership for New York City in 2011-12. Prior to joining TAAF, Audrey served as the President and Executive Director of the Asian Pacific Fund, the only foundation dedicated to supporting the San Francisco Bay Areas most vulnerable Asians and Pacific Islanders. We wanted to do our part to ensure that they had the necessary resources to fulfill their critical mission. Peng Zhao (simplified Chinese: ; pinyin: Zho Png) is a Chinese-American businessman who is the CEO of Citadel Securities. He is on the Hoover InstitutesBoard of Overseers, the Harvard Kennedy School Deans Council and, among other corporate and civic organizations, sits on the board of the Texas Rangers Baseball Club. managing too closely some of the people, says Pablo Salame, Citadels cochief investment officer, who was Goldman Sachs vice chairman before joining the hedge fund in 2019. He most recently served as Associate Director in the White House Office of Public Engagement leading on AAPI, Housing, and Agency portfolios for his team. Fareed Zakaria has hosted CNNs flagship international affairs program, FAREED ZAKARIA GPS, since 2008. He joined the board again in October 2017 and has served as its vice chair. It hasnt all been a smooth ride, however. She helped develop and launch a $100 million commitment to women and girls and worked with leaders company-wide on gender parity and pay equity issues. Creating independence from the U.S. on high-end technology has become an existential issue, because they cannot rely on us., Its baffling to Griffin that America, with plentiful natural resources, is not self-sufficient in oil. He has been a board or advisory council member at The Nature Conservancy (CA), Childrens Medical Foundation (HK), SF Marine Science Institute, and Positive Coaching Alliance. 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. Founded in 2002, HRT handles about 8% of the US daily stock-trading volume, but it also develops algorithms to trade in derivatives, FX, fixed-income, and, like several of its competitors, cryptocurrencies. "As a Jewish American, I feel a moral obligation to stand with AAPI communities. She resides in Austin, TX and speaks Mandarin Chinese. The continued unfolding of this catastrophe in Ukraine is a giant unforced error by mankind, he says. Lisa is the Executive Producer and host of THIS IS LIFE on CNN. Ms. Khan was most recently the founding CEO of Nirapon, a leading safety monitoring initiative of North American brands sourcing readymade garments from Bangladesh. Virtu, one of the largest HFTs handling retail stock trades, is a public company and wasn't included on the list. In 2012, he founded AME Cloud Ventures, a venture fund that invests in seed-stage to later-stage tech companies that build infrastructure and value chains around data. As an undergrad, Griffin traded options and convertible bonds with $265,000 in capital from his family and friends. He thinks it will get worse. Howard joins TAAF with extensive experience as staff for Members of Congress from the California delegation as well as serving as Policy and Press Advisor for the Congressional Asian Pacific American Caucus. She is a proud New Yorker and second generation Korean American currently raising two children with her partner on Long Island. Like some other Wall Streeters, he set up operations in Florida, with a makeshift trading floor for 50 key staffers and their families at the Four Seasons in Palm Beachnear the 20 oceanfront acres he has accumulated half a mile from Donald Trumps Mar-a-Lago. Putin refers to it as an act of war, he says. The practice is legaland its how Robinhood can afford to offer commission-free tradesbut many consider it unsavory. Claire Kai-Li Mondry serves as a Development Associate at The Asian American Foundation (TAAF). Oops! Bernadette loves a good road trip full of Whitney Houston singalongs. The investment valued the brokerage at $22 billion, increasing Griffins net worth by $5 billion in the process. Naheed Qureshi is Head of Policy Partnerships at Instacart where she builds relationships with stakeholders to further joint policy goals. She is active in non-profits, public advocacy, and advising on emerging markets. Citadel Securities is run by a Beijing-born data genius named Peng Zhao, 40. Passionate about the intersection of food, identity, and agency, she also apprenticed at Orchard Kitchen Farm in Washington State to experience the livelihood of the over 1 billion people globally who work in agriculture.Tong Yuan graduated summa cum laude with bachelors in medical anthropology and public health from Southern Methodist University, where she was a Presidents Scholar and Maguire Public Service Fellow. cum laude from Harvard Law School, and his A.B. She has over a decade of experience working with small and large non-profit organizations, foundations, and government funding agencies on issues faced by marginalized populations. Jonathan has served as an adjunct faculty member at the Anderson School of Management at UCLA and as a senior fellow at The Wharton School of the University of Pennsylvania. 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. She brings her expertise in guiding leading organizations in culture, technology, fashion, and retail, first as as Head of Strategy at 2x4, a globally recognized design and branding agency, leading projects for clients including Google, Prada, MoMA, and Target, and as a Strategy Director at UNIQLO's Global Creative Lab. Like any great trader, Griffin is focused on domino effects. Its worth listening to him. Lanhee J. Chen, Ph.D. is the David and Diane Steffy Fellow in American Public Policy Studies at the Hoover Institution and Director of Domestic Policy Studies and Lecturer in the Public Policy Program at Stanford. Nooyi serves on the Board of the Memorial Sloan Kettering Cancer Center in New York and the Partnership for Public Service. Sheila Lirio Marcelo is a Filipina American Founder, former Chairwoman and CEO of Care.com. Bernadette Cruz is Director of Operations at The Asian American Foundation managing vendor relations, contracting processes, and oversees effective procedures throughout the organization. He earned his Ph.D. and A.M. in political science from Harvard, his J.D. Last year it used the H-1B visa program to hire more than 150 people, including 49 quantitative researchers, 23 quantitative research analysts, 19 software engineers, and 16 traders. Naheed also worked for the City of Los Angeles Department of Neighborhood Empowerment and the national legislative office of the ACLU. Yang is set to become the first Asian American to serve as the Chair of Stanford Universitys Board of Trustees in July, 2021. Aryani has spoken before diverse audiences, including as an invited US expert before the UN Committee for the Elimination of Racial Discrimination. As fiscal spending fades away, what will be the intrinsic economic growth that were going to experience?, Stimulus also contributed to inflation, currently running at 8%. Another directs browsers to the company's crypto initiatives, where Jump is not bashful at all. 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. Howard Ou is joining The Asian American Foundation (TAAF) as the Director of Government Relations. His thoughts on human resources have been shared in conferences, presentations, and the media. Yang and Yamazaki are the lead donors to the San Francisco Asian Art Museum expansion. Previously chief operating officer of Microsoft, Turner departs the firm only a few months after joining in August 2016. The controversy that once engulfed them has largely subsided, with the notable exception of those that pay retail brokers like Robinhood for customer trade orders, a practice called payment-for-order-flow that's garnered a stern look from regulators and lawmakers over the past year. Amid The Ukraine War, He Navigates A Company In Turmoil, The Worlds Richest Sports Team Owners 2022: Abramovich Drops Off As Ballmer Rises. Founder, AME Cloud Ventures, Co-Founder, Yahoo! She helped scale the Finance team through the exponential growth of Devoted Health. He called his move to halt redemptions one of the most difficult decisions I ever made. The next year he recovered, up 62%. TAAF is a non-partisan 501(c)3 non-profit recognized by the IRS. With NATO countries reawakening to the existential threat Russia poses, Griffin points to the obvious beneficiaries of rearmament, namely defense and energy stocksboth already trading at elevated levels. Tsai was born in Taiwan, of parents who originally came from Shanghai with ancestral lineage to Zhejiang Province in China. Daughter, Bride: Rituals of Womanhood, and Somewhere Inside: One Sisters Captivity in North Korea and The Others Fight to Bring Her Home that she penned with her sister Laura. 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.. 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. 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. She founded the New York Asian Womens Center, the first organization on the East Coast working with battered immigrant Asian women. from Madras Christian College, an MBA from the Indian Institute of Management in Calcutta, and a masters in public and private management from Yale. In 1988, he co-founded NGP Energy Capital Management, one of the largest natural resources private equity firms in the world with over $20 billion of total committed capital. 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). Chen's writings have been published in The Wall Street Journal and The New York Times. Still, these firms usually prefer the more staid monikers "market maker" or "proprietary trading firm" in part because they find the emphasis on velocity reductive, like highlighting a Tesla's acceleration at the expense of its other engineering and design feats. She has published research on Rwandas family planning program, created materials for culturally competent health services for the Seattle/King County Clinic, and developed a food-secure resettlement pilot program for the IRC in Dallas. In addition to Tsais commitment to The Asian American Foundation, the couple pledged $50 million to advocate for social justice and economic mobility in the Black community through their sports ownership platform, including supporting players to amplify their voice for equality, and addressing income, education and health gaps in communities of color. Theres nothing like the need to drive innovation. Denying rival nations like Russia and China access to American technology will simply lead them to find other solutions. The investment by Paradigm, which specializes in crypto, underscores Griffins intention to become a leading market maker in the fragmented but fast-growing cryptocurrency trading business. She currently serves on a number of public and nonprofit boards. But Griffin the shrewd business strategist cant resist training his genius quants at Citadel Securities, with their market-dominating algorithms, on the $2 trillion market for trading cryptocurrencies. Norman brings a thirty-year career in entrepreneurship, healthcare, community leadership, and philanthropy spanning the United States and Asia. Marcelo founded her company in 2006, and under her leadership, Care.com became the world's largest marketplace for providing care, serving more than 35 million people across 20 countries and growing more than 100% year-over-year from its founding in 2006, until the company went public in 2014. 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 . Entrepreneurship was in his blood. 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. Her adoptee identity drives her to break down the myth of Asian Americans as a monolith. "If ever there was a time for collaboration, it is NOW. from Columbia College, Columbia University and J.D. As a human resources leader, he launched initiatives to address and revitalize organizational culture and climate, developed inclusive performance processes, and designed professional learning programs. Charity Espiritu manages the Anti-Hate and Belonging flagship program at TAAF and brings 15 years of experience in philanthropy, social impact, and public policy. He is currently the Global Head of Social Marketing at Facebook and has held previous marketing leadership roles at Gap Inc, Airbnb, Snapchat, and Nike. in 1995 with fellow Stanford graduate student David Filo and served on its board and as a member of its executive team until 2012, including as CEO from 2007 to 2009. What has driven those returns is his close study of macrotrends and his uniquely powerful position at one of the fulcrums of global finance. [8] In July 2016, Citadel Securities announced that then Microsoft COO, B. Kevin Turner, was joining the firm as CEO. Beverly Liang is a Project Manager at The Asian American Foundation, working across teams to create external branding and website content. We are blessed to have such deep reservoirs of energy in Americathe combination of fossil fuels, oil, natural gas and the [large size] of our country to avail ourselves of solar and wind. Park received his BA in International Studies from Vassar College, his MA from NYUs Gallatin School of Individualized Study, and his PhD in Cultural Studies with a designated emphasis in Studies of Performance and Practice from the University of California, Davis. But its bread and butter is exchange-traded funds, trading trillions in ETF volume annually as one of the largest market makers in the world. They're privately owned and, unlike hedge funds, don't manage outside money. "Asian Americans have a long and deep history in the United States and have made significant contributions to the countrys success over the past 150 years. Lin has played with the Warriors, Knicks, Rockets, Lakers, Hornets, Nets, Hawks, and NBA Champion Raptors. The granddaughter of Chinese immigrants, Lee was recently elected to the American Academy of Arts & Sciences and testified before Congress in its historic hearings on anti-Asian discrimination and violence. H Heath Tarbert 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. Norman is passionate about building organizations in both the nonprofit and private sectors that positively impact society. It has steadily expanded its remit since, with offices and systematic trading strategies spanning the globe focused on commodities, FX, ETFs, and cryptocurrencies. Claire has previously held positions at other AAPI organizations like the Asian Pacific American Leadership Institute, the Museum of Chinese in America, and Kundiman. Text. Stella was the recipient of the UC Hastings Certificate of Leadership and the UC Hastings Outstanding Contribution by Staff during her time there. 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. Outside of her job at TAAF, Claire volunteers as a mentor to Asian American youth, teaching about the importance of community leadership and civic engagement. The market-maker also programs almost exlusively in the esoteric OCaml coding language. Previously, Nguyen served at NASA and the State Department under the Obama Administration. Citadel Securities is run by a Beijing-born data genius named Peng Zhao, 40. . An army of unsophisticated traders, mostly from Robinhood, were bidding the past-its-prime video game retailer to unprecedented heights and, in the process, catching some pros with their pants down. You need hierarchy, you need leadership structure, you need clear decision making and clear lines of authority, Griffin says. As a social justice-oriented actor trained by Augusto Boal, Anna Deveare Smith, Judith Sloan, and Ernest Abuba, Terry wrote and performed a semi-autobiographical, oral history-based solo show, 38th Parallels, which enjoyed an Off-Broadway run with Pan Asian Repertory Theatre.Dr. From Griffins vantage point theres no mushroom cloud on the horizon, but the prospect is deeply worrying to the financier. Were also committed to driving positive change in response to harmful rhetoric directed against AAPI communities. As a result, Citadel Securities is expanding into new markets and growing more rapidly than Griffins hedge fund. Ken Griffin is staring pensively out a wall of windows on the tenth floor of a Midtown Manhattan office building, one of three locations in New York City occupied by his $47 billion Chicago-based hedge fund, Citadel. She served as the Executive Director of the National Coalition for Asian Pacific American Community Development (National CAPACD), the first national advocacy organization dedicated to meeting the affordable housing and community development needs of AAPI communities for 15 years. There will be serious repercussions, with Russia, China and others seeing no option but to diversify away from the greenback. Jane Street trades across many of same asset classes as its chief HFT rivals, from stocks and options to cryptocurrencies. 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. In the early months of the Covid-19 pandemic of 2020, Bae and the KKR leadership established a $50 million global relief fund to help people affected by COVID-19. Hes had only two down years in the past 31, earning his investors an average of 19% per annum. 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. Peng earned his PhD in Statistics from the University of California at Berkeley, where he was a Berkeley Fellow, and holds a bachelors degree in applied mathematics from Peking University. Yang currently sits on the boards of Alibaba, Workday and Lenovo. Tong Yuan was adopted from China and raised in Seattle, Washington. (Adds background on Turner, Zhao, Citadel Securities)By Lawrence DelevingneNEW YORK, Jan 27 (Reuters) - Kevin Turner has departed Ken Griffin's Ci. Nguyen is the CEO and founder of Rise, a social movement accelerator where she teaches grassroots organizing. Launched in 2001, the market-making arm of Ken Griffin's financial empire has often resided in the shadow of its older hedge fund brother, Citadel. She is the author of bestsellers, Democracy: Stories from the Long Road to Freedom (2017); No Higher Honor: A Memoir of My Years in Washington (2011); and Extraordinary, Ordinary People: A Memoir of Family (2010). The firm was cofounded in 1998 by Mark Gorton, who started out as an electrical engineer at a Lockheed Martin predecessor and later worked as a fixed-income prop trader at Credit Suisse First Boston. 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. Longer term, Griffin sees a flock of black swans looming. 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. CEO Peng Zhao has led Citadel Securities since 2017. Citadel Securities CEO Peng Zhao (left) and Ken Griffin. Tower Research has at times in its nearly 25-year history been among the largest algorithmic traders in US and European stock markets. Meet the community partners supporting AAPIs and other underserved communities daily, Unlocking resources for AAPI communities and causes, Our work would not be possible without the support of our partners, Li Lu, Board Chair, The Asian American Foundation, Chief Executive Officer, The Asian American Foundation, CEO and National Director, Anti-Defamation League, Governor, Brooklyn Nets and New York Liberty, Co-Founder and Executive Vice Chairman, Alibaba Group. He is a Henry Crown Fellow of the Aspen Institute and a member of the Council on Foreign Relations. He co-founded Ethos Brands, the business that launched Ethos Water, the bottled water that helps children around the world access clean water. But the electronic trading giant also gained infamy during the GameStop short-squeeze in 2021, becoming a boogeyman among conspiracy-minded retail traders for its close ties to Robinhood, the popular no-fee trading app. The hostile sentiment against Asian Americans reared its ugly head during the COVID-19 pandemic, but there had been repeated scapegoating of Asians in this country, such as discriminatory policies against Chinese immigrants in the 19th Century and internment of Japanese Americans during World War II. For these shows she reported from dozens of countries; covering stories about gang rape in the Congo, bride burning in India and the Lord's Resistance Army in Uganda, among other issues that are too often ignored. Jonathan Greenblatt is the CEO of ADL (Anti-Defamation League) and its sixth National Director. Steve Gelsi covers banking and cannabis as a Senior Reporter for MarketWatch. He posted a 70% return in his first year. For most of its 20-year existence, Jump Trading has epitomized the dual obsessions with speed and secrecy that have come to typify high-frequency trading. By 21 , 2022 21 , 2022 Aryani co-founded the Asian American Federal Employees for Nondiscrimination where she promotes equity to protect Asian Americans from profiling during heightened U.S-Asia conflicts. Originally from Beijing China. The firm has always been on the vanguard in the hunt for trading connections approaching light speed, whether that's via fiber-optic cables, microwave towers, or hollow-core glass tubes. Underwood has served on numerous boards and commissions. Sign up for our newsletter to get the latest stories in hedge funds, PE, fintech, and banking delivered daily to your inbox. We earn $400,000 and spend beyond our means. In addition to his role as CEO of Citadel LLC, Griffin also heads Citadel Securities, the market maker of Citadel Securities, worth $43 billion. from the University of Minnesota Law School. 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. He works closely with corporate leaders, foundation executives, and individual donors, and on The AAPI Giving Challenge. 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. Rice served as the 66th Secretary of State of the United States, the second woman and first black woman to hold the post. Ask him for the key to his success and hell talk about his obsession with talent. Norman Chen is the Chief Executive Officer of TAAF and brings a thirty-year career in entrepreneurship, healthcare and community leadership in the United States and Asia. He is passionate about serving the AAPI community, having spent most of his career embedded in local and national AAPI organizations. Moreover, according to But what a disgrace if it detracts from retail investor confidence in the stock market and the allocation of capital to companies that create jobs, Griffin says. He also attended INSEADs Senior Executive Leadership Program in Paris and Singapore. 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. In 2003, at 34, Griffin debuted on The Forbes 400 as that years youngest self-made member, with a net worth of $650 million. He is currently based in Washington DC.