Citadel pushes fixed-income expansion into FX

Derek Kaufman and Rich Mazella at Citadel
Derek Kaufman (L) and Richard Mazzella, Citadel

Taking over a hedge fund fixed-income business on the eve of a financial crisis could conceivably give some new employees an excuse for an early exit, but when Kenneth Griffin, founder and chief executive of Citadel, hired Derek Kaufman and Richard Mazzella to run the fund's fixed-income business in 2008, he was fortunate that both would decide to ride the storm.

Over the past five years, Kaufman, head of fixed income, and Mazzella, chief operating officer and chief technology officer for fixed

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