Citadel Securities Taps Goldman’s Esposito as New President (1)

Citadel Securities tapped Jim Esposito,who was one of Goldman Sachs Group Inc.’s most senior executives, as its new president in a coup for the rapidly expanding market-making firm.

Esposito becomes president in a new role at the company starting in September, according to a spokesperson. He’ll be based in Miami and report directly to Chief Executive Officer Peng Zhao. Esposito will lead client and partner relationships as the firm expands across the globe.

The appointment underscores Citadel Securities’ push to go head-to-head with Wall Street heavyweights who traditionally dominated the market-making business. Esposito was most recently co-head ...