Citadel Securities Boosts China Presence as Peers Cut Costs

(Bloomberg) — Citadel Securities LLC is planning to bolster business in China while it hires across Asia, expanding in the region at a time when most financial firms are cutting costs.

The U.S. company is planning to build a bigger onshore presence in China and working closely with regulators, Citadel Securities Chief Executive Officer Peng Zhao said in an interview in Hong Kong.